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

Wolcott CT Real Estate Sales Report for December 2016

Market Statistics for Wolcott CT December 2016

 

 Wolcott CT Real Estate Sales Report for December 2016

Currently in Wolcott CT there are 93 active residential listings for sale. They range from a 1,200 square ft, 2-bedroom ranch listed at $67,900 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 $257,918. The average days on market for these homes is 205 days. For the month of December, there were 8 new homes listed for sale in Wolcott CT. There are currently 17 homes under contract in Wolcott CT.

 

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Wolcott CT Real Estate Sales Report for December 2016

In December 2016, 17 homes closed in Wolcott CT. They ranged from a 910 sq ft, 21-bedroom cape, which sold for $130,500 to a 2,032 Sq Ft, 3-bedroom colonial, which sold for $315,000.  Average sales price of the homes that sold was $202,118. Average DOM of 65 days. The closed properties had a sales price to List price ratio of 97.5%.

 

By comparison, there were 14 closings in Wolcott CT for the month of December 2015, with an average price of $198,600 and avg. days on market of 81. This would indicate that for December 2016 the number of homes sold was greater by 3 for the comparable period in 2015 but with a 2% 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.

 

For the fourth quarter of 2016, the market sales or absorption rate for Wolcott CT was 18 sales per month, with an average sales value of $221,707 and average days on market of 92. This rate with the current inventory would be a 6+ month absorption rate. The current market is still considered a buyer’s market. 

 

 Wolcott CT Real Estate Sales Report for December 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 3 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.

 

 

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Wolcott CT Real Estate Sales Report for December2016

 

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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 • January 29 2017 06:50PM

Comments

Good morning Ed Silva ,

Its amazing how many homesd came on the market in December. Hope 2017 bringd your buyers market closer to a balanced market..always the best kind of market.

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) 8 months ago

Ed Silva Thank you for taking the time to share this vital real estate market insight.  This is the sort of item that buyers and sellers will find most beneficial...helping them to make informed market decisions.  Very professional!

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (RE/MAX Paramount Properties) 8 months ago

Ed it would be nice to see the figure go in this direction year over year consistently throughout the state.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) 8 months ago

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