Special offer

Branford CT Real Estate - Branford CT Market Report for April 2009

By
Real Estate Agent with RE/MAX Alliance 0754296

Understanding the general direction of the current Branford CT real estate market conditions is of vital Branford CT Real Estate Market Report April 2009importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Branford.

There are currently 130 homes for sale in Branford ranging in price from $158,500 to $7,775,000. 

In the month of April 2009 there were fourteen homes that closed which is identical to the number of homes  that closed in April 2008.  

The average sales prices of the homes sold in April 2009 was $361,857 with an average 70 days on the market versus $392,278 for those sold in April 2008 with an average 113 days on the market. 

The median sales price for April 2009 was $366,250.

the median sales price for April 2008 was $345,250 with av average 98 days on the market.

Below is a summary of the Branford CT real estate market that provides a more in depth view of market conditions over the past twelve months.

Branford CT Real Estate Market Report - April 2009

The following charts are an overview of the market statistics in Branford CT between January -December 2007 and January -Decmeber 2008.

Branford CT Real Estate Market Report - April 2009

For the period of January - December 2007 there were 167 homes sold with an average sales price of $561,478, a median sales price of $387,500 and an average days on market of 90 days.

For the period of January - Decmeber 2008 there were 145 home sold with an average sales price of $457,782, a median sales price of $345,000 and an average days on market of 104 days.

Branford CT Real Estate Market Report - April 2009

The average list to sale price ratio for January - December 2007 was 95% and for January - December 2008 was 94%.

Branford CT Real Estate Market Report - April 2009

The average days on market for January -December 2007 was 90 days and for January - December 2008 it was 104 days.

In reviewing this comparison of year to year market data, there has been a decrease in the average sales price and average median sales price indicating a continued weakness in the real estate market.   The number of homes sold went down considerably year over year while the average days on market has been rising.  The average list price to sales price year to year has remained relatively flat.

The data for the Branford CT real estate market report for April 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).

 

********************************************************************************************

Contact Donna Bigda, RE/MAX Alliance Licensed Realtor® in the State of Connecticut at 203-488-1641, ext. 214 to list your property for sale or to purchase a property in Branford, Guilford, Madison, East Haven, New Haven and the rest of shoreline area in New Haven County Connecticut.

If you're considering selling your Branford home, we'd be happy to provide you with a Pin-Point Price Analysis of your home which will help you determine what it might sell for in today's market.

If you're thinking of buying home in Branford CT see Branford CT  real estate or sign up today to get access the hottest new listings here Branford CT homes and condos

 

Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Branford CT Real Estate - Branford CT Market Report for April 2009*

Comments (2)

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Donna, I love the way you write the market reports with great graphs and pictures.

May 21, 2009 11:44 AM
Jamie Dumaine-Russell
RE/MAX Alliance - Branford, CT

Gita - Thanks so much.  I really do love putting these market reports together.

May 21, 2009 11:53 AM