WOLCOTT CT-REAL ESTATE MARKET REPORT for MAY 2015

June 1, 2015

WOLCOTT CT-REAL ESTATE MARKET REPORT forMAY 2015

Wolcott CT

What does the real estate market look like in Wolcott CT?Buyers are snapping up properties in Wolcott CT, with more than a third of the current houses for sale under contract. Sellers also have a reason to be happy, as average sale prices are up from last year.

 

There are 106Wolcott CT homes for salemedian active home for sale in Wolcott CTwith an average listing price of $304,367 and a median listing price of $299,900.

 

 

 

 

 

 

 

median home under deposit in Wolcott CTThere are 60 pending sales (under contract), with an average asking price of $221,341, a median asking price of $216,950, and an average of 75 days on market before receiving an acceptable offer.

 

 

 

 

 

median home sold in Wolcott CT

16homes were sold in Wolcott CT in the month of May, with an average sale price of $246,575, a median sale price of $264,950 and an average of 126 days on market before receiving an offer. By comparison, in May 2014, 14homes were sold in Wolcott with an average sale price of $211,825,a median sale price of $187,500, and an average of 89 days on market before receiving an offer.

 

 

 

           

So, what does this all mean?The data shows that Wolcott CTis moving towards a balanced market, but not as rapidly as buyers and sellers would hope. With average sale prices being higher and days on market being much longer for sold properties compared to last year, sellers have to be mindful that buyers are looking for value in the homes they are seeking to purchase and are willing to wait a bit longer for a home if they don’t see the value in the current offerings. But the fact that the number of pending homes is way above the normal average at this time of the year and have been on the market for less time than those properties that have sold is also a sign for buyers to act quickly on those properties that remain.

 

Click Wolcott CT Real Estate – Market Updates for prior Wolcott CT real estate market reports.

 

Looking to relocate to Wolcott CT? Visit Looking For A Reason to Move-Destination: Wolcott CT.

 

Are you looking to buy a home in Wolcott CT? Click on Wolcott CT homes for sale to search for homes in your price range.

 

For more details about the Wolcott CT market and to determine if this is the right time to sell, call me at (203) 558-7463(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 is accurate but not guaranteed at time of publication.

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Wolcott CR-Real Estate Market Report for January 2014

February 24, 2014

WOLCOTT CT-REAL ESTATE MARKET REPORT for JANUARY 2014

Wolcott CT

What does the real estate market look like in Wolcott CT? Well,  the year kicks off with average sale prices below last month and last year’s average prices, but with volume of sales slight up compared to both last month and last year. Pending prices are on par with average sale prices, up from last month, so Wolcott sellers would be wise to keep an eye on the market trends in the months ahead.

 

There are 68 Wolcott CT homes for sale,   median active home for sale in Wolcott CTwith an average listing price of $289,082and a median listing price $278,900.

 

 

 

 

 

 

median home under deposit in Wolcott CTThere are 16 pending sales (under contract), with an average asking price of $180,656 and a median asking price of $155,000.

 

 

 

 

 

 

15 homes were sold in Wolcott CTin the month of Januarymedian home sold in Wolcott CT, with an average sale price of $181,303 and a median sale price of $160,000. By comparison, in January 2013, 11 homes were sold in Wolcott with an average sale price of $223,900 and a median sale price of $192,500.

 

 

The chart below shows the difference between the listing and sales prices for the homes sold in January, as well as the number of days that those properties were on the market before an offer was made and accepted.

 

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

           

So, what should I take away from all of this information? Well, that depends on if you are a buyer or a seller. If you are a seller, you can see how long, on average, it will take to sell your home, the relative price ranges for homes like yours in your area, and the amount you should expect to receive for your home, provided that it is correctly priced and has gained a buyer’s interest due to its curb appeal and other factors. If  you are a buyer, this tells you how many homes there are on the market in this area and what price range the typical home in this area sells for.

 

Click Wolcott CT Real Estate – Market Updatesfor prior Wolcott CT real estate market reports.

 

Looking to relocate to Wolcott CT? VisitLooking For A Reason to Move-Destination: Wolcott CT.

 

Are you looking to buy a home in Wolcott CT? Click onWolcott CT homes for sale to search for homes in your price range.

 

For more details 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.


Wolcott CT 2013 Real Estate Market Report

February 24, 2014

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.


Wolcott CT 2013 Real Estate Market Report

February 17, 2014

Wolcott CT 2013 Real Estate Market Report

 

Wolcott CT 2013 real estate market statistics

 

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 a 1620 sq. ft. 3 bedroom colonial that sold for $63,500, to a 3672 sq. ft. 4 bedroom contemporary that sold for $675,000.

 

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% last year On a more positive note, the length of time that it has taken to get a home sold has dropped 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.