Guilford CT Real Estate Market Report May 2009

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Real Estate Agent with RE/MAX Alliance 0754296

Guilford CT Real Estate Market Report May 2009Understanding the general direction of the current Guilford CT real estate market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Guilford.

There are currently 198 homes for sale in Guilford ranging in price from $199,000 to $6,750,000. 

In the month of May 2009 there were 19 homes that closed which is a decrease of 4 homes as there were 23 homes that closed in May 2008.  

The average sales prices of the homes sold in May 2009 was $449,716 versus $521,643 for those sold in May 2008. 

The averages days on the market for May 2009 was 126.

The average days on the market for May 2008 was 104.

Median sales price for May 2009 was $445,000 with an average 85 days on the market.

Median sales price for May 2008 was $460,000 with av average 82 days on the market.

Below is a summary of the Guilford CT real estate market that provides a more in depth view of market conditions over the past twelve months.

Guilford CT Real Estate Market Report May 2009

For the period of January - May 2008 there were 75 homes sold with an average sales price of $551,166, a median sales price of $452,500 and an average days on market of 113 days.

For the period of January - May 2009 there were 66 home sold with an average sales price of $432,792, a median sales price of $407,500 and an average days on market of 92 days.

The average sale price to list price ratio for January - May 2008 was 93% and for January - May 2009 was 92%.

In reviewing this comparison of year to year market data, there has been a significant decrease in the average sales price and average median sales price indicating a continued weakness in the real estate market.   The number of homes sold went down moderately year over year and average days on market has been decreasing.

The data for the Guilford CT real estate market report for May 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).

If you're considering selling your Guilford home, we'd be happy to provide you with a Pin-Point Price Analysis of your home which will help you determine what it might sell for in today's market.

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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.

If you're thinking about buying a  home in Guilford CT there are many great buys in today's market while interest rates remain low. For more information on Guilford CT  real estate homes or condos, see Guilford CT  real estate or sign up today to get access the hottest new listings here Guilford CT homes and condos

Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Guilford CT Real Estate - Guilford CT Market Report May 2009*

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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Donna, even though the sales were down in Guilford by 4 sales, and 22 more days on the market, it is not that bad in my opinion given that the medium sales price was $445,000.  House in the price range just don't seem to be selling in my end of Connecticut, so in my book you guys had a good month.

Jun 22, 2009 01:22 PM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Donna - this is great information for buyers and sellers adn helps demonstrate that you are the "go to" real estate professional in Guilford. I really like the chart you set up - easy to read and understand with the kind of data that is useful.  Looks like you are seeing some of the same patterns compared to 2008 as others of us are.

Jeff

Jun 22, 2009 03:48 PM #2
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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Donna, great job. And it looks as if your market has faired a bit better than most here. Pat yourself on the back!

Jun 22, 2009 04:49 PM #3
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Kay Steele Faulk
InHouse Writer - Lake Village, AR
The Real Estate Copywriter

Donna, you do a terrific job on your market reports. Lots of agents provide the data, but it's not always presetned this clearly so that regular people can understand it. Good work.

Jun 23, 2009 05:49 AM #4
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Julie Dumaine-Russell
RE/MAX Alliance - Branford, CT

George - The only problem right now is the almost year's worth of inventory we need to start moving off the market.  Makes it all the more critical to price a home correctly if you're a seller in Guilford.

Jeff - The number of sales last month and year over year have stayed pretty stable.  I just hope that we might be able to see a little more stability in the sales prices over the next few month. 

Andrea - The lower priced homes are doing much better than the high-end properties.  The summer time though tends to bring a uptick in sales here along the shoreline.  Let's hope we'll see that this summer too.

Kay - Thank you!  I don't like to be overswhelmed with info either and hope that these reports include the data that people are looking for.

Jun 24, 2009 12:30 PM #5
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