Wolcott CT 2013 Real Estate Market Report

Wolcott CT 2013 Real Estate Market Report

 

what does the real estate market look like in Wolcott CT?

 

In 2013, 120 homes were sold in Wolcott CT, with an average sale price of $213,830 and an average of 81 days on market. The homes that sold ranged from an 1112 sq. ft. 3 bedroom ranch that sold for $52,000, to a 3204 sq. ft. 4 bedroom cape that sold for $466,100.

 

The Wolcott CT housing market continues to show little improvement over the last 2 years. Although average sale prices only declined by less than 2% from last year, prices are still significantly below what they were three and five years ago, respectively. On a more positive note, the length of time that it has taken to get a home sold has dropped from last year, the volume of sales has returned to 2009 levels and sales price/list price ratios have remained relatively constant over the last five years. Sellers, remember to list your homes at market value if you are going to place your homes on the market in 2014, so that they will sell quickly.

 

 

2013

2012

2011

2010

2009

Homes Sold

120

101

111

104

122

Av. Listing Price

222,909

228,425

240,976

220,526

249,259

Av. Sale Price

213,830

217,585

228,828

210,579

237,418

Av. DOM

82

114

88

88

101

SP/LP Ratio

95%

95%

95%

95%

95%

Change

-1.70%

-4.91%

8.67%

-11.30%

-12.21%

 

For further information about the Wolcott CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Wolcott CT homes for sale.

 

 

 

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.

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