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Wolcott CT Real Estate Market Report for 2011

For the year 2011, the market sales or absorption rate in Wolcott CT was 9 sales per month. Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory is considered a balanced market. Under 6 months is a sellers’ market and anything over 6 months is a buyers’ market.

The average value for the homes sold in Wolcott CT for the year was $228,828 with an average days on market of 88. The current inventory of homes is equivalent to a 10 month inventory.

The list price ratio to sales price ratio was 95%, which indicates sellers putting the homes on the market near to fair market value, or finally getting them sold at market value.

The highest value home sold in Wolcott CT in 2011 was a 3,527 sq ft, 4-bedroom colonial which sold for $525,000.

By comparison, for calendar year 2010, the absorption rate was 17.5 units per month, with an average sales price of $347,744 and average days on market of 99. For 2011, there were less homes sold on average per month and at a slightly higher price in almost the same number of days on market.

The highest value home sold in Wolcott CT in 2010 was a 5,584 sq ft, 5 bedroom colonial home which sold for $488,000.

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.

Wolcott CT Real Estate Market Report for 2011

Wolcott CT Real Estate Sales Report for December 2011

Currently in Wolcott CT there are 81 active residential listings for sale. They range from a 848 square ft, 2-bedroom ranch listed at $109,900 to a 3,836 square ft, 7-bedroom ranch listed at $799,900.

The average list price of the homes currently available for sale in Wolcott CT is $287,829. The average days on market for these homes is 171 days. For the month of December, there were 5 additional homes listed for sale in Wolcott CT.

There are currently 11 homes under contract in Wolcott CT, with three (3) having gone under contract in the month of December. The average list price for the homes under contract is $198,936 with average days on market of 116 days.

In December, 7 homes closed in Wolcott CT. They ranged from a 3,118 sq ft, 4-bedroom, colonial, which sold for $375,000 to a 936 sq ft 3-bedroom ranch which sold for $128,621. Average sales price of the homes that sold was $212,840. Average DOM of 192 days. The closed properties had a Sales price to List price ratio of 96%.

By comparison, there were 5 closings in Wolcott CT for the month of December 2010, with an average price of $193,400 and avg. days on market of 162. This indicates that there were more homes sold in December of 2011 at a higher value, but with higher days on market. The current inventory of homes is equivalent to a 10 month inventory.

There are currently 14 condos for sale Wolcott CT. They range in price from $359,900 for an Active Adults, over 55 1,756 sq ft, 2-bedroom unit to $79.900 for a 1-bedroom, 828 square ft ranch style efficiency unit. There is currently one (1) condo under contract in Wolcott CT.

There is currently one (1) condo under contract in Wolcott CT.

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.

Wolcott CT Real Estate Sales Report for December 2011

Come and See the Lights on Frisbie Circle in Wolcott CT, Bring some Non-Perishable Food Items as well

 

The residents of Frisbie Circle in Wolcott CT are all very much into the Christmas Season, each spending hours of their time to put up Christmas decorations and Lights to be appreciated by all that drive through the street. They look for nothing for themselves, but in front of each house is a clean tub, with a sign requesting that food donations be left in the tubs.

They aren’t doing it for themselves. It isn’t the admission fee to the street. The food is collected, and then delivered to the Wolcott CT Food Pantry to be distributed to those that need help.

 

 

 

Cars pass along the homes, take the turn at the end of the cul-de-sac, and you can tell when they pause a little longer in front of a particular home, that they are doing their voting.

Throughout the evening, the residents have a leader, probably on a rotation who will walk the street with a cart and pick up the donated food.  No tally is officially announced, it’s not done for the acclaim. It’s just well spirited people trying to lend a hand. It’s a neighborhood Pay it Forward.

 

 

 

 

Come and See the Lights on Frisbie Circle in Wolcott CT, Bring some Non-Perishable Food Items as well.

Wolcott CT Real Estate Sales Report for November 2011

Currently in Wolcott CT there are 102 active residential listings for sale, with 7 new listings being added in November. The homes for sale in Wolcott CT range from a 1,400 square ft, 4-bedroom Colonial needing complete rehab, needing re-hab and listed at $69,900 to a 2,100 square ft, 4 bedroom, lake front cape listed at $850,000.

The average list price of the homes currently available for sale in Wolcott CT is $284,542. The average days on market for these homes are 156 days. In addition, there are currently 7 homes under contract in Wolcott CT, with 2 having gone under contract in November.

In November, 11 homes closed in Wolcott CT. They ranged from a 3,527 sq ft 4-bedroom colonial which sold for $525,000 to a 1,368 sq ft, 3-bedroom ranch which sold for $152,000. The average sales price of the homes that sold in November in Wolcott Ct was $287,045. The average days on market for the sold homes was 54 days. The closed properties had a Sales price to List price ratio of 89%.

By comparison, there were 5 closings in Wolcott CT for the month of November 2010, with an average price of $155,280 and avg. days on market of 75.

For the first 9 months of 2011, the market sales or absorption rate was 9 sales per month, with an average sales value of $225,815 and average days on market of 87. The current inventory of homes is equivalent to an 11-month inventory

There are currently 14 condos for sale Wolcott CT. They range in price from $359,900 for a 1,756 sq ft, 3 bedroom, luxury condo to a 1 bedroom, 828 sq ft ranch style condo, listed at $89,000. Average days on market for condos are 139.

There is one condo currently under contract in Wolcott CT and no condos closed in Wolcott CT in November 2011.

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.

Wolcott CT Real Estate Sales Report for November 2011

Wolcott CT Real Estate Sales Report for October 2011

Currently in Wolcott CT there are 115 active residential listings for sale, with 14 new listings being added in October. The homes for sale in Wolcott CT range from a 1,400 square ft, 4-bedroom Colonial needing complete rehab, needing re-hab and listed at $69,900 to a 2,100 square ft, 4 bedroom, lake front cape listed at $850,000.

The average list price of the homes currently available for sale in Wolcott CT is $282,412. The average days on market for these homes are 136 days. In addition, there are currently 6 homes under contract in Wolcott CT, two having gone under contract in October.

In October, 3 homes closed in Wolcott CT. They were a 1,728 sq ft 3-bedroom raised ranch which sold for $245,000; a 1,820 sq ft, 3-bedroom ranch which sold for $185,000; and a 3 bedroom, 616 sq ft bungalow, REO ranch which sold for $67,000. The average day on market for the 3 homes was 34 days. The closed properties had a Sales price to List price ratio of 98%.

By comparison, there were 9 closings in Wolcott CT for the month of October 2010, with an average price of $232,311 and avg. days on market of 83.

For the first 6 months of 2011, the market sales or absorption rate was 8 sales per month, with an average sales value of $254,921 and average days on market of 104. The current inventory of homes is equivalent to a 14-month inventory

There are currently 16 condos for sale Wolcott CT. They range in price from $359,900 for a 1,756 sq ft, 3 bedroom, luxury condo to a 1 bedroom, 828 sq ft ranch style condo, listed at $89,000. Average days on market for condos are 132.

There is one condo currently under contract in Wolcott CT and one condo closed in Wolcott CT in October 2011, a 2 bedroom, 1,396 sq ft ranch style 55+ adult condo, which sold for $258,000 after 61 days on market.

There is one condo currently under contract in Wolcott CT and one condo closed in Wolcott CT in October 2011, a 2 bedroom, 1,396 sq ft ranch style 55+ adult condo, which sold for $258,000 after 61 days on market.

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.

Wolcott CT Real Estate Sales Report for October 2011