Snap Shot of the Real Estate Market in Madison and Guilford CT December 31, 2008
Tom Burland www.Ct-Shore-Homes.com
The following is a snap shot of the Madison CT and Guilford CT Residential Single Family Home Real Estate Market Activity. It lists total homes on the market including currently not under contract (active), Under Contract and Closed. The summary data includes all homes under contract and those that have closed since December 1, 2008.
With interest rates dropping significantly we seem to be seeing an up tic in activity particularly in the price segments under $500,000 and most notably in the homes listed under $400,000. This is certainly a healthy activity indicator because as the lower price segments start to free up, the sellers of those homes are now in the position to "buy up."
Over 34% of the inventory under $300,000 was either closed in December or is currently under contract. It also interesting to note the large availability of homes in Madison and Guilford that are under $500,000.
| Price Range |
Total Inventory |
Active Listings |
Closed/ Contract |
% of Total Selling |
| 0-299,900 |
35 |
23 |
12 |
34.29% |
| 300,000-399,000 |
76 |
64 |
12 |
15.79% |
| 400,000-499,900 |
51 |
43 |
8 |
17.65% |
| 500,000-599,900 |
48 |
42 |
6 |
12.50% |
| 600,000-699,900 |
41 |
36 |
5 |
12.20% |
| 700,000-799,900 |
34 |
30 |
4 |
11.76% |
| 800,000-899,900 |
29 |
24 |
5 |
17.24% |
| 900,000-999,900 |
12 |
10 |
2 |
16.67% |
| 1,000,000-1,499,900 |
40 |
36 |
4 |
10.00% |
| 1,500,000-1,999,900 |
16 |
0 |
0 |
0.00% |
| 2,000,000 + |
24 |
0 |
0 |
0.00% |
| Total |
406 |
308 |
58 |
14.29% |
If you are in the market for a Home in the Connecticut Shoreline please visit our website at www.Ct-Shore-Homes.comand look at our inventory and also use our free MLS search to look at all the listings on the market. Please give us a call at 203-645-0602 to discuss your goals and the current market.
If you are looking to place your home on the market also visit our website www.Ct-Shore-Homes.com and get a sense of the market and our approach to marketing your home. Give us a call for a Market Analysis and Comprehensive Marketing plan at no cost or obligation.
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