Wolcott CT 2013 Real Estate Market Report
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.
