Orange CT Real Estate & Homes ~ Market Report November 2007

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

                               Orange Connecticut Real Estate Market Report for November 2007

Orange Town Green and the United Church of Christ

In November of 2007 there were 8 homes that closed within the month for Orange CT This is a decrease of 3 units as there were 11 homes that closed in November of 2006.

The Average list price for the homes that closed in Orange for November of 2007 was $467,963

The Average list price for the homes that closed in Orange for November of 2006 was $471,300

The Average sale price for the homes that closed in Orange for November of 2007 was $443,375

The Average sale price for the homes that closed in Orange for November of 2006 was $458,118

The Average Market time for the homes that closed in Orange November of 2007 was 54 days.

The Average Market time for the homes that closed in Orange November of 2006 was 64 days.

3 homes went under deposit in Orange CT in the month of November. The average list price of the homes that went under deposit was $15,433. The average time on the market for these Orange CT homes were 102 days.

                                    January - November Market Statistics for  Orange CT

In Orange CT for the period of January to November of 2007 there were 118 properties sold.

In Orange CT for the period of January to November 2006 there were 121 properties sold.

In Orange CT for the period of January to November in 2007 the average list price was $458,966 the average sale price was $439,966 and the average market time was 64 days.

In Orange CT for the period of January to November in 2006 the average list price was $480,845 the average sale price was $463,738 and the average time on the market was 54 days.

** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Orange CT

In comparing year over year longer term data Orange CT, it appears that there is still a slight downward trend in the average sale price for homes, as well as an increase in the days on the market for the same period in Orange CT.

Selling a home in Orange CT or other New Haven County towns is heavily dependent on pricing your home properly and picking an agent that will create an online market presence for your home. As a home seller, you need to be aware that the market in Orange CT and many other New Haven County communities has changed over the last two and a half years.

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