Real Estate Blog - Connecticut Home Foreclosures - Connecticut Ranked 17th In August 2008 Nationally

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Connecticut Home Foreclosures - Connecticut Ranked 17th In August 2008 Nationally

In a recent discussion with some agents in my area about the recent state of the Connecticut Home Foreclosure market, I wanted to find out how Connecticut ranked relative to what has been taking place nationally.

According to the latest report furnished by RealtyTrac for August 2008, Connecticut is ranked #17 nationally with a total of 1,798 foreclosure filings which consists of notices of default, auctions and bank owned properties.

With 1 in every 614 homes in foreclosure, New Haven County has the highest number of foreclousre filings with 567 followed by Fairfield County with 427, Hartford County with 397, New London County with 129, Litchfield County with 83, Middlesex County with 81, Windham County with 68 and Tolland County with 46.

While this initially appeas like bad news there are some good signs for the Connecticut Home Foreclosure market as this is a -10.72% change from July 2008 and a -17.14% change from August 2007 according to the report on RealtyTrac.

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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 and the rest of shoreline area in New Haven County Connecticut.

If you're thinking about buying a Connecticut home foreclosure there are great buys in today's market and now is a great time to buy while interest rates are still low. To get more information on available homes, contact Donna or start your home search here - Branford CT Real Estate - or call me directly at 203-488-1641, ext. 214.

You can contact me by email if you prefer at donna@donnabigda.com

For more information on all the homes for sale in the Branford Connecticut area click here and then click on Search The MLS on the left menu sidebar or call me directly at 203-488-1641, ext. 214.

Posted by Donna Bigda, REALTOR®, CDPE, e-PRO Branford Connecticut Homes and Condos on 09/14/2008 01:14 AM

Comments (5)

Connecticut Foreclosures in the Real Estate Investing Channel

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Originally posted at: Greater New Haven CT Real Estate: Connecticut Home Foreclosures - Connecticut Ranked 17th In August 2008 Nationally

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5 Comments on Connecticut Home Foreclosures - Connecticut Ranked 17th In August 2008 Nationally

SEP

2008

Donna..This is actually good and informative news for me. Living in Middlesex County we aren't doing that bad. It is a shame though that when you have an offer of full asking price on a short sale, the bank takes toooo long to reply, and the property ends up in foreclosure.. this has happened to me twice this year. So, I don't have pity on them.

valerie osterhoudt

Valerie - I'm so glad you found the information useful. With all the doom and gloom we hear I wanted to find out exactly what the status of the foreclosure market was in Connecticut. Like you, I too wish the short sale part of the process didn't take so long.

With every bit of bad news comes good news. What a great opportunity for buyers! This is great information for anyone looking for a home in your market.

Tracy - I think there is no better opportunity than now for buyers. With rates as good as they are and the large inventory of homes, there are some great buys waiting to to scooped up.

FEB

Thank you for the information Tracy.

It was a helpful note.

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