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Shelton CT Condo Market Report ~ June 2011 ~ Shelton CT Real Estate

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Real Estate Agent with Better Homes and Gardens RE Shore and Country Properties RES.0781237

Shelton CT Condo Market Report ~ June 2011 ~ Shelton CT Real Estate

WOW!!  What a month.  Condo sales in Shelton CT for June 2011 were up 7% compared to the same period last year.   Why does that deserve a 'WOW'?  June 2010 was the deadline for the homebuyer tax credit so sales were very high artificially. 

Not only did June 2011 beat June 2010 BUT sales in June were 100% higher than last month!  

Condo Real Estate Market Report June 2011 by Barbara Altieri

Additionally, average list and selling prices were UP 23% and 27% respectively and the median INCREASED 42%.  Sales in the Renaissance and Aspen Ridge brought up the averages, but even so, sales were evenly spaced out. 

Take a look at the Shelton Condo property transfers for June 2011

Shelton CT June 2011 condo property transfers

The year-in-review chart shows condos sales hitting the highest number of sales this June.  Moving forward, July is looking good as there are 12 condos under deposit and 29 units under contract.

Shelton CT Year to Date Condo Sales

The absorption trend for the last three months went DOWN to 7.24 months for all prices.   Based on the current inventory and the number of solds, it would take 7.24 months to sell your condo.  This figure is down three months since last month.    

Shelton CT Condo Absorption Rate

If you do decide to sell, your listing agent must calculate the absorption rate for your price range as this will be more accurate.  This will help you to determine if you need to adjust your pricing OR if you have not listed yet, determine the best price.

 Search for Your New Condo in Shelton, CT   FREE MLS Access!

Interested in getting an FHA loan to purchase a condo?  The condo complex MUST be FHA approved. You can find which condos are FHA approved at  Is That Condo Complex FHA Approved?

 Be sure to check the Shelton CT Single Family Market Report for June  2011 for more good news in the Shelton housing market.

 

Shelton CT Condo Market Report ~ June 2011 ~ Shelton CT Real Estate

Data Source: Greater Fairfield County Multiple Listing Service -- July 3, 2011. No representation or warranty is made to the accuracy of this information.

 

 

 

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