Branford Real Estate Market Report- Branford CT Homes For Sale -December 2009

By
Real Estate Agent with RE/MAX Alliance 0754296

Branford Real Estate Market Report- Branford CT Homes For Sale -December 2009

Branford CT Real Estate Market ReportUnderstanding the general direction of the current Branford 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 Branford.

There are currently 109 homes for sale in Branford ranging in price from $120,000 to $7,775,000. 

In the month of December 2009 there were 5 homes that closed.  This is a decrease of 1 home as there were 6 homes that closed in December 2008.  

The average sales prices of the homes sold in December 2009 was $260,600 with an average 62 days on the market versus $337,167 for those sold in December 2008 with an average 133 days on the market.                                                           

The median sales price for December 2009 was $253,000.

The median sales price for December 2008 was $328,750.

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

Branford CT Real Estate - Branford CT Homes and Market Report

For the period of January-December 2008 there were 146 homes sold with an average list price of $499,183, average sales price of $458,509 and a median sales price of $346,250.

For the period of January-December 2009 there were 132 homes sold with an average list price of $425,331, average sales price of $397,850 and a median sales price of $332,000.

The average sold price to list price ratio for January-December 2008 was 94.30% and for January-December 2009 was 92.67%.

The average days on market for January-December 2008 was 112 days and for January-December 2009 it was 96 days.

In reviewing this comparison of year to year market data for Branford CT there has been a moderate decrease in the number of homes sold along with a decrease in the average sales price.  The average days on market for homes sold this year has declined from the previous year.  While the average sales price has continued to decline year over year there are signs that the Branford real estate market is beginning to stabilize with similar trends appearing in other areas along the shoreline.

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

View previous Branford CT Real Estate Market Reports

 

********************************************************************************************

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 considering selling your Branford 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.

If you're thinking of buying home in Branford CT see Branford CT  real estate or sign up today to get access the hottest new listings here Branford CT homes for sale

 

Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Branford Real Estate Market Report- Branford CT Homes For Sale -December 2009*

 
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Connecticut New Haven County Branford
Groups:
Posts to Localism
Americas Relocation Home Services - Our Mission is to Connect Home Buyers & Sellers With Local Real Estate Professionals
City and State
Local Expert
Market Reports
Tags:
branford ct homes for sale
branford ct market reports

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
3,936,438
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Donna - once again you have demonstrated your knowledge of the local Branford real estate market. Are you making any predictions about the next few months?

Jeff

Jan 11, 2010 02:48 PM #1
Ambassador
1,041,420
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Donna, I have pretty much the same stats up here. Although I have to say January might have brought colder weather, it has brought a better market place. All of a sudden we see much more activity, which is a great thing!

Jan 11, 2010 09:38 PM #2
Rainmaker
1,046,785
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Donna the trend in your area sounds very similar to mine. Hopefully 2010 will be even better.

Jan 11, 2010 11:09 PM #3
Ambassador
3,760,158
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Donna, even though there was a decrease, the figure is still very close.  Let's hope for a turn in the other direction next month.

Jan 12, 2010 08:20 AM #4
Ambassador
2,553,240
Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Dona the trends don't look all that bad considering the overall economy and the temperament here in the state. Time for me to analyze ours

Jan 12, 2010 12:38 PM #5
Ambassador
726,937
Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

Hi Donna ! Nice report and we ar seeing similar ratios down here too.

Lets hope the sales get an early Spring boost soon !

Cheers Donna !

Jan 14, 2010 01:22 PM #6
Rainmaker
1,079,273
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Donna, even though our median sales price is about $100,000 off, the other trends almost mirror what is going on in our market. Very interesting analysis and your readers should really have a grasp of the Branford CT market by reading your blog.

Jan 24, 2010 02:32 PM #7
Rainmaker
48,542
Nancy Williams
Coldwell Banker Homestead Group Select Professionals - Harrisburg, PA

Hey, Donna,

Nice job on this report.  Isn't it amazing how you can think you really know where things are at--but once you force yourself to do your stats by the book, you learn something?

Jan 25, 2010 05:14 PM #8
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
551,797

Julie Dumaine-Russell

Ask me a question
*
*
*
*
Spam prevention