Understanding the general direction of the current Branford CT condos real estate market is of vital importance to both sellers and buyers in order to help you make a more informed decision when buying or selling a condo in Branford CT.
There are currently 131Branford CT condos for sale rangining in price from $93,900 to $899,900.
In the month of May 2009 there were twelve condos that closed which is a decrease of six condos as there were eighteen condos that closed in May 2008.
The average sales prices of the condos sold in May 2009 was $167,916 versus $222,105 for those sold in May 2008.
Median sales price for May 2009 was $175,500 with an average 85 days on the market.
Median sales price for May 2008 was $202,500 with av average 74 days on the market.
Below is a summary of the Branford CT condo real estate market that provides a more in depth view of market conditions over the past twelve months.
For the period of January-May 2008 there were 75 condos sold with an average list price of $225.505, average sales price of $215,260, a median sales price of $204,500, an average days on market of 87 days with a 95% sale price to list price ratio.
For the period of January-May 2009 there were 43 condow sold with an average list price of $217,431, average sales price of $206,084 a median sales price of $183,500, an average days on market of 101 days with a 94% sales price to list price ratio.
In reviewing this comparison of year to year market data, there has been a decrease in the average sales price and average median sales price indicating a continued weakness in the real estate market. The number of condos sold saw a significant decline year over year as well as a decrease in the average days on market. The average sale price to list price year to year is also seeing a slight decrease..
The data for the Branford CT Condos real estate market report for May 2009 is based on statistics provided from the CTMLS (private sales are not included).
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Contact Donna Bigda, 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.
There are great opportunities for today's buyers looking for affordabe condos in Branford CT with the great low interest rates that are available.
If you're considering selling your condo in Branford CT, we'd be happy to provide you with a Pin-Point Price Analysis which will help you determine what it might sell for in today's market.
Disclaimer: All information provided by this author is strictly an opinion, is not guaranteed, may be based on information collected from several sources, which may or may not be deemed reliable at the time of researching this article and may be time sensitive.
Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Branford CT Condos Market Report May 2009*
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