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

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Real Estate Agent with RE/MAX Alliance 0754296

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

Understanding the general direction of the current West Haven CT real estate market conditions is of vital West Haven Homes For Sale - West Haven CT Real Estate Market Report 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 currently175 West Haven homes for sale ranging in price from $74,900 to 949,000.

In the month of November 2009there were 28 homes that closed which is a increase of 13 homes as there were 15 homes that closed in November 2008.

The average sales prices of the homes sold in November 2009 was $173,486 with an average 78 days on the market versus $195,117 for those sold in November 2008 with an average 105 days on the market.

The median sales price for November 2009 was $155,00.

The median sales price for November 2008 was $212,000.

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.

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

For the period of January-November 2008 there were 284 homes sold with an average list price of $223,126, an average sales price of $213,152 and a median sales price of $207,000.

For the period of January-November 2009 there were 322 homes sold with an average list price of $182,059, an average sales price of $173,309 and a median sales price of $171,500.

The average sale price to list price ratio for January-November 2008 was 95.61% and for January-November 2009 was 94.99%.

The average days on market for January-November 2008 was 83 days and for January-November 2009 it was 81 days.

In reviewing this comparison of year to year market data for West Haven CT there has been a considerable increase 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 remained relatively flat from the previous year.

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

 

Contact Donna Bigda, 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 West 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.

Copyright © 2009 by Donna Bigda, All Rights Reserved ...*West Haven Homes For Sale - West Haven CT Real Estate Market Report November 2009*

Comments (7)

Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

82 sales in the last quarter seems encouraging !

 

... hope a bunch of the sales were yours :o)

Dec 09, 2009 08:07 AM
Jamie Dumaine-Russell
RE/MAX Alliance - Branford, CT

Hi Sheldon! - West Haven is one of the areas in my market that is very affordable.  In fact more than half the sales in the last quarter were under $200,000.    I didn't contribute to the last quarter but will be for the next! :)

Dec 09, 2009 08:16 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Donna - as always a wealth of information. Affordability seems to be improving. Good luck in 2010.

Jeff

Dec 09, 2009 10:03 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Donna, I like those numbers.  Nice increase in sales.  Let's hope that it keeps on going this way through the Winter.

Dec 09, 2009 01:21 PM
Michael Bergin
Coldwell Banker Residential Brokerage - ABR - SRES - Alexandria, VA
Northern Virginia Real Estate

Very nice post, clear concise and simple. Great way to present stats for our math challenged clients.

Dec 10, 2009 12:40 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

I love it, a nice stable market!  We are either depressed buyer's market or in dire need of inventory seller's market!  I LOVE balance and I am jealous!

Dec 10, 2009 04:23 AM
Jamie Dumaine-Russell
RE/MAX Alliance - Branford, CT

Jeff - It's been a  long time coming but I think we're finally seeing a bit of stability in the West Haven real estate market.

George
- I do too!  Hopefully with the extension of the tax credit and opening it up to move up buyers will help to increase sales over the next few months.

Michael
- Thanks for the compliment.  Having been math challenged myself I know the importance of keeping it simple. :)

Renee - I know the struggle you've been experiencing out in the Las Vegas area.  Keep the faith that you'll see a turnaround soon. 

Dec 10, 2009 11:51 AM