Real Estate Blog - West Haven Homes For Sale - West Haven Real Estate Market Report September 2009

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West Haven Homes For Sale - West Haven Real Estate Market Report September 2009

West Haven Homes For Sale - West Haven CT Real Estate Market Report September 2009

Understanding the general direction of the current West Haven CT real estate market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in West Haven.

There are currently 181 homes for sale in West Haven ranging in price from $64,900 to $997,000.

In the month of September 2009 there were 22 homes that closed which is a decrease of 12 homes as there were 34 homes that closed in September 2008.

The average sales prices of the homes sold in September 2009 was $154,323 with an average 80 days on the market versus $205,336 for those sold in September 2008 with an average 69 days on the market.

The median sales price for September 2009 was $164,250.

The median sales price for September 2008 was $197,500.

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

For the period of January-September 2008 there were 244 homes sold with an average list price of $224, 486, an average sales price of $214,877 and a median sales price of $208,600.

For the period of January-September 2009 there were 221 homes sold with an average list price of $178,661, an average sales price of $213,538 and a median sales price of $179,900.

The average sale price to list price ratio for January-September 2008 was 95.86% and for January-September 2009 was 94.75%.

The average days on market for January-September 2008 was 79 days and for January-September 2009 it was 81 days.

In reviewing this comparison of year to year market data for West Haven CT there has been a considerable decrease in the number of homes sold and the average sales price is still trending down. Short sales, foreclosure and bank owned sales have been a contributing factor in the continuing decline in the overall average sales price. We are however now seeing a positive trend in the reduction of the months supply of inventory which is sign that the market is beginning to stabilize. The average days on market for homes sold this year has increased just slightlly from the previous year.

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

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Contact Donna Bigda, ABR, SRES, e-PRO, Realtor®, 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, West Haven and the rest of shoreline area in New Haven County Connecticut.

If you're considering selling your New Haven 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 a home in West Haven CT see West Haven CT real estate or sign up today to get access the hottest new listings here West Haven CT homes and condos.

Posted by Donna Bigda, REALTOR®, CDPE, e-PRO Branford Connecticut Homes and Condos on 10/10/2009 09:42 PM

Comments (7)

West Haven Real Estate in the Regional (Localism) Channel

west haven ct market reports, homes for sale in west haven

Originally posted at: Southern Connecticut Real Estate: West Haven Homes For Sale - West Haven Real Estate Market Report September 2009

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7 Comments on West Haven Homes For Sale - West Haven Real Estate Market Report September 2009

OCT

Hi Donna! As always, beautiful presentation! And, your numbers for sellers aren't looking that great--down 25% (sales price) but, your DOM haven't increased that much!!

Have a wonderful Sunday...

OCT

Donna, I think August and September just seemed to set things back here in CT. I have seen more activity the past few days so I hope that continues!

Great presentation, nice work.

Donna the detail of your West Haven market report is always excellent. I am sure this is well received!

Like a lot of us, it looks like you have your work cut out for you...

I am taking the time to cmment on your market report based on the post the Market Group founder, Adam, wrote, NEW GROUP - Market Reports. If we all take the time to comment on the market reports in this group, it will help us all out.

Hi Debe! You were my mentor for putting the graphs into these market reports. West Haven has seen its share of foreclosures and short sales which have contributed to the declining sales prices.

Andrea - August was a little slow for me but things definitely picked up in September and into October. Let's hope that it stays this way for a while.

Bill - Thanks! You've been a great inspiration to me in doing them consistently.

John - Isn't that the truth? There have been some areas here along the shoreline that have been hit a little harder than others but we're starting to some positive trends. Thanks for the reminder about commenting on other memeber's market reports.

Donna - What an informative report. Do you think October and November will see a lot more sales because of first time buyers?

Jennifer - I think it will. The majority of buyers I'm working with right now are all first time home buyers. Their primary reason for buying right now is due to the low rates and home prices. The $8,000 tax credit has been an incentive for a few others.

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