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

Wolcott CT Real Estate Sales Report for November 2016

Market Statistics for Wolcott CT November 2016

 

 Wolcott Real Estate Sales Report for November 2016

Currently in Wolcott CT there are 96 active residential listings for sale. They range from a 858 square ft, 1-bedroom ranch listed at $94,900 to a 4,789 square ft, 4-colonial listed at $649,900. The average list price of the homes currently available for sale in Wolcott CT is $271,199. The average days on market for these homes is 205 days. For the month of November, there were 6 new homes listed for sale in Wolcott CT. There are currently 16 homes under contract in Wolcott CT.

 

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 Wolcott CTReal Estate Sales Report for November 2016

In November 2016, 14 homes closed in Wolcott CT. They ranged from a 888 sq ft, 1-bedroom contemporary ranch, which sold for $74,000 to a 5,268 Sq Ft, 5-bedroom contemporary, which sold for $425,000.  Average sales price of the homes that sold was $239,095. Average DOM of 88 days. The closed properties had a sales price to List price ratio of 95.5%.

 

By comparison, there were 14 closings in Wolcott CT for the month of November 2015, with an average price of $178,199 and avg. days on market of 125. This would indicate that for November 2016 the number of homes sold was the same as the comparable period in 2015 but with a 40% increase in average value and with less days on market.  This demonstrates that lesser priced homes will sell quicker if priced aggressively

 

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 November 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 increasing values over the last 2 months The values in Wolcott CT are showing slight 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.

 

 Homes for sale in Wolcott CT

Wolcott CT Real Estate Sales Report for November2016

 

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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 3 commentsEd Silva • December 21 2016 02:45PM

Comments

Great information...I hope your holiday is an extra special one

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) 9 months ago

Ed,

 Good information on Wolcott Ct, for those interested in buying or selling! I hope you have a great evening!

Posted by Yolanda Cordova-Gilbert, C&G Real Estate Consulting (C&G Consulting) 9 months ago

Ed good to see the substantial increase in the sales price and significant decrease in the DOM

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) 9 months ago

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