Shelton CT Single Family Real Estate Market Report for May 2011

Shelton CT single family home sales for May 2011 were off 30% from the same period last year. 

Further analysis of the dropoff in number of houses sold in May 2010 compared to May 2011 is directly attributed to the expiration of the homebuyer tax credit in June 2010. Sales in May 2010 were artificially inflated due to the credit and will be much the same with the June numbers. 

Average list and selling prices INCREASED 11.48% & 10.64% respectively.  

The median home price was UP 15% from the same period last year.

Home values continue to stabilize and move in an upward direction. 

 

Shelton CT Single Family Market Report May 2011

 

Let's look at the numbers of houses sold the last few months in Shelton which would be a more accurate indicator of the current sales. Sales in May 2011 were UP 31% over April 2011.

June is trending to be good as well with 27 houses under deposit and 29 pending sales (under contract).  

Which houses sold in Shelton CT in May 2011?

Shelton CT May 2011 Property Transfers
(as recorded in the Greater Fairfield County MLS)

Shelton CT May 2011 Property Transfers

57% of sales in Shelton for May 2011 were in the $200-400K range.

Home sold in Shelton CT in May 2011

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 9.19 for the last three months. 

Keep in mind that this rate is for ALL houses.  If you are selling your home, your agent should calculate the absorption rate trend for your price point to get a more accurate analysis.  

Shelton CT Homes for Sale Absorption trend

Search for Your New Home in Shelton, CT .

 

The success in selling your house in Shelton or any other community is dependent upon accurate pricing, effective staging, absorption rate for your particular price point, and having a strong online marketing presence.  A house will sell if there is a synergy among all four.  Contact me for advice on how to list your home effectively in today's market.

Shelton CT Single Family Real Estate Market Report for May 2011

Date Source: Greater Fairfield County Multiple Listing Service -- June 9, 2011. No representation or warranty is made to the accuracy of this information.

  

 

  

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Barbara Altieri, REALTOR
Listing and Buyer's Agent
Certified Short Sales Specialist
RealtyQuest Real Estate Sales and Services
30 Huntington Street, Shelton CT 06484
203.929.1752

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5 Comments on Shelton CT Single Family Real Estate Market Report for May 2011

JUN
11
2011
1,361,423 Points 244 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Barbara you did and excellent job on the whole market report, but I really really like the Freeway Sign that you created, and how you used it as a link.
8:34pm • #1
478,658 Points 15 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

George -- Thanks. I thought it was kind of cool.  Glad you noticed!
9:27pm • #2
1,155,605 Points 86 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Barbara, that's good news for the bottom of the Valley. Further north we're still seeing very little upward movement in prices.
10:18pm • #3
JUN
12
2011
421,110 Points 12 Featured Posts Called Shot Master

Hi Barbara - Great market report! It's interesting that your list prices and sale prices are up by a considerable amount.  In our area, the homebuyer tax credit actually made people pay more (it seems to me) so that our median prices invariably are less than they were a year ago.  March through June last year spiked and you have to wonder--people would pay almost anything to get the tax credit!!!
7:55am • #4
478,658 Points 15 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Ed -- This month showed a pretty accurate increase.  Bulk of sales were all centered around the median....not a lot of high sales to skew the averages.

Peggy -- ONce we get through July, if we are comparing to the previous year's sales, we should see a fairly more accurate picture.  June's reports will look the bleakest compared to last June, but we will have to explain it AGAIN!  With the credit, you have to wonder how many people really saved anything as, you're right, they were getting $8K back so they may have paid more in many cases.
12:34pm • #5

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Author Bio: Barbara Altieri, CT REALTOR®, helps Fairfield and New Haven County buyers and sellers successfully navigate through a real estate transaction. A proven sales and marketing professional, Barbara provides exceptional customer service and market knowledge. Call 203-520-6930 to discuss your needs and housing dreams.


 

 

 

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All data and information provided on this blog is for informational purposes only. Barbara Altieri makes no representations as to the accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from its display or use.



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