bridgeport home values: Bridgeport Home Sales Update - November 2008 - 12/07/08 02:46 AM
Bridgeport Single Family Homes Sales Update
As of November 30,2008
Bridgeport Real Estate is sailing into some very tough head winds.  The number of closed sales through November 30th totals 370 as reported by the Greater Fairfield County MLS.  This is down 25% from 2007.  This would at first glance appear to be relatively good news since most surrounding towns are not as close to last year.  However, this is a multi year trend for the City.  Home Sales are off 60% from the peak year of 2004 when 911 homes had sold in the same time period.
With 493 homes … (0 comments)

bridgeport home values: Bridgeport Real Estate and Home Sales Update - June 2008 - 07/15/08 06:10 AM
Bridgeport Real Estate and Home Sales Update
June 30, 2008
 Bridgeport Single Family Home Sales continue to slide. After six months this year they are on track to finish with the lowest total in over a decade - right now the projection is that the city will come in under the six month total for 2006.  Average Prices are off 18% from just one year ago.  A new Mayor and a new energy may be the start of the turnaround for this City. 
In addition, Bridgeport was hit hard by the sub prime crisis in both the Single Family segment and … (0 comments)

bridgeport home values: Bridgeport Condo Update - March 2008 - 04/27/08 02:48 AM
Bridgeport Condo Update
March 2008
Unit Sales are off 41% from the prior year and continue the three year downward trend.  This is similar to the Single Family trend in unit sales.  What is a bit of a surprise is that the Median and Average Selling Prices seem to be very stable.   This is counter to the trend in Single Family Homes where we are seeing a dip in prices too.
This is good news for Bridgeport and Values.   We just need to get past the mortgage cash crunch and loosen credit a little bit for the condo market to start thriving again.
 
 
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