Ed's Chesprocott Region Blog: Wolcott CT Real Estate Sales Report for October 2016

Wolcott CT Real Estate Sales Report for October 2016

Market Statistics for Wolcott CT October 2016 

 

Wolcott CT Real Estate Sales Report Oct 2016

Currently in Wolcott CT there are 115 active residential listings for sale. They range from a 1,200 square ft, 2-bedroom ranch listed at $87,900 to a 4,789 square ft, 4-colonial listed at $649,000. The average list price of the homes currently available for sale in Wolcott CT is $279,091. The average days on market for these homes is 181 days. For the month of October, there were 10 new homes listed for sale in Wolcott CT. There are currently 12 homes under contract in Wolcott CT.

 

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 Wolcott CT Real Estate Sales Report Oct 2016

In October 2016, 23 homes closed in Wolcott CT. They ranged from a 1,080 sq ft, 3-bedroom contemporary, which sold for $80,200 to a 3,000 Sq Ft, 5-bedroom colonial, which sold for $507,445.  Average sales price of the homes that sold was $225,602. Average DOM of 114 days. The closed properties had a sales price to List price ratio of 99%.

 

By comparison, there were 21 closings in Wolcott CT for the month of October 2015, with an average price of $247,849 and avg. days on market of 70. This would indicate that for October 2016 the number of homes sold was 2 greater than for the comparable period in 2015 but with a 11% decrease in average value and with longer days on market.

 

For the year 2015, the market sales or absorption rate was 15 sales per month, with an average sales value of $215,735 and average days on market of 76.

For the first quarter of 2016, the market sales or absorption rate for Wolcott CT was 9 sales per month, with an average sales value of $224,691 and average days on market of 83.

For the second quarter of 2016, the market sales or absorption rate for Wolcott CT was 17 sales per month, with an average sales value of $235,708 and average days on market of 91.

For the third quarter of 2016, the market sales or absorption rate for Wolcott CT was 15 sales per month, with an average sales value of $239,710 and average days on market of 57. This rate with the current inventory would be a 7+ month absorption rate. The current market is still considered a strong buyer’s market. 

 

 Wolcott CT Real Estate Sales Report for October 2016

 

 The graph demonstrates the average monthly sales value in Wolcott CT for the previous 12 months with strong fluctuations from month to month, and a tendency to decreasing values over the last 4 months The values in Wolcott CT are not showing signs of improvement or consistency.

 

If you are interested in buying or selling a home in the Wolcott CT area send me an email or call and we can set up a time to meet.

For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.

If you would like information on homes for sale in Wolcott CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Wolcott CT.

 

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Wolcott CT Real Estate Sales Report for October2016

 

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Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,  www.edwardsilva.com  203-206-0754

Comment balloon 2 commentsEd Silva • November 29 2016 11:43PM

Comments

Hi Ed - I hope that you will be seeing an uptick in values in the new year.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 11 months ago

Ed good to see the sales increase but it would be nice if the average price went up and the DOM down.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) 11 months ago

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