Ed's Chesprocott Region Blog: Wolcott CT Real Estate Sales Report for January 2017

Wolcott CT Real Estate Sales Report for January 2017

Market Statistics for Wolcott CT January 2017

 

 Wolcott CT Real Estate Sales Report for January 2017

Currently in Wolcott CT there are 90 active residential listings for sale. They range from a 978 square ft, 2-bedroom ranch listed at $68,000 to a 2,896 square ft, 4-colonial listed at $598,500. The average list price of the homes currently available for sale in Wolcott CT is $266,136. The average days on market for these homes is 214 days. For the month of January, there were 9 new homes listed for sale in Wolcott CT. There are currently 13 homes under contract in Wolcott CT.

 

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In January 2017, 11 homes closed in Wolcott CT. They ranged from a 1,092 sq ft, 3-bedroom ranch, which sold for $145,000 to a 4,789 Sq Ft, 4-bedroom colonial, which sold for $615,000.  Average sales price of the homes that sold was $315,650. Average DOM of 64 days.

 

Wolcott CT Real Estate Sales Report for January 2017

 

By comparison, there were 8 closings in Wolcott CT for the month of January 2016, with an average price of $289,175 and avg. days on market of 86. This would indicate that for January 2017 the number of homes sold was greater by 3 for the comparable period in 2016 and with a 5% increase in average value and with less days on market.  

 

For the year 2016, the market sales or absorption rate was 15 sales per month, with an average sales value of $230,432 and average days on market of 81.

This rate with the current inventory would be a 6+ month absorption rate. The current market is still considered a buyer’s market, but trending to a neutral market.

 

 

Wolcott CT Real Estate Sales Report for January 2017  

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 January2016

 

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Do you know somebody who is behind on their mortgage and doesn't know what to do? I may be able to help them, especially if they are facing foreclosure!

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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 7 commentsEd Silva • February 26 2017 01:19PM

Comments

You always provide good information about your housing market. Thank you for sharing 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 8 months ago

Anyone who wants to sell in Wolcott needs to contact you Ed...you know the real estate market & trends.

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) 8 months ago

Good Morning Ed - good job with this market report.  I good to see some positive movement.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 8 months ago

Thanks again for providing your local real estate information with us

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (Real Estate and Beyond, LLC) 8 months ago

Ed,

 It looks like it is picking up in your area, I hope you get your share of the sales! Have a great week!

Posted by Yolanda Cordova-Gilbert, Sitterle Homes (Sitterle Homes) 8 months ago

Ed it is great to see the number of sales and average sales price increase over last year.  Hope this will be the trend for 2017

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

Families moving to the area will certainly appreciate your local real estate market reports.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 8 months ago

Participate