Understanding the general direction of the current Branford CT condos real estate market is of vital importance to both sellers and buyers in order to help you make a more informed decision when buying or selling a condo in Branford CT.
There are currently 132 Branford CT condos for sale rangining in price from $93,900 to $899,900.
In the month of June 2009 there were 16 condos that closed which is a decrease of 2 condos as there were 18 condos that closed in June 2008.
The average sales prices of the condos sold in June 2009 was $178,733 with an average 88 days on the market versus $245,050 for those sold in June 2008 with an average 92 days on the market.
Median sales price for June 2009 was $173,500.
Median sales price for June 2008 was $196,250.
Below is a summary of the Branford CT condo real estate market that provides a more in depth view of market conditions over the past twelve months.
For the period of January-June 2008 there were 93 condos sold with an average list price of $230,654, average sales price of $221,026, a median sales price of $204,500, an average days on market of 88 days with a 95.83% sale price to list price ratio.
For the period of January-June 2009 there were 59 condow sold with an average list price of $209,737, average sales price of $198,668 a median sales price of $180,000, an average days on market of 98 days with a 94.72% sales price to list price ratio.
In reviewing this comparison of year to year market data, there has been a considerable decrease in the average sales price and average median sales price indicating a continued weakness in the real estate market. The number of condos sold saw a significant decline year over year and an increase in the average days on market. The average sale price to list price year to year is also seeing a slight decrease..
The data for the Branford CT Condos real estate market report for June 2009 is based on statistics provided from the CTMLS (private sales are not included).
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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.
There are great opportunities for today's buyers looking for an affordable condo in Branford CT with the great low interest rates that are available.
If you're considering selling your condo in Branford CT, we'd be happy to provide you with a Pin-Point Price Analysis which will help you determine what it might sell for in today's market.
Disclaimer: All information provided by this author is strictly an opinion, is not guaranteed, may be based on information collected from several sources, which may or may not be deemed reliable at the time of researching this article and may be time sensitive.
Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Branford CT Condos Market Report June 2009*
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