Wolcott CT 2011 Real Estate Market Report

Wolcott CT 2011 Real Estate Market Report

In 2011, 111 homes were sold in Wolcott CT, with an average sale price of $228,828 and an average of 88 days on market. The homes that sold ranged from a 624 sq. ft. 3 bedroom cape that sold for $50,000, to a 3527 sq. ft. 4 bedroom colonial that sold for $525,000.

There is about 10 months worth of inventory remaining in Wolcott CT, with the absorption rate for 2011 at 9.25 homes sold per month and an average of 95 homes on the market at any given time.

Home prices in Wolcott CT rose 8% in 2011 from its low in 2010. Realistic sellers are still getting very close to asking price, and days on market for homes sold are now averaging under 3 months. Also, there have been fewer homes available for sale in Wolcott CT than in the previous years. Sellers, while this is good news for you, the best thing to do if you are planning to sell your home this year is to price it at market values that are reflective of its condition.

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.