Branford Condos Real Estate Market Report December 2009
Understanding the general direction of the current Branford 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 117 Branford condos for sale ranging in price from $89,900 to $799,000.
In the month of December 2009 there were 10 condos that closed which is a decrease of 2 condos as there were 12 condos that closed in December 2008.
The average sales prices of the Branford condos sold in December 2009 was $216,340 with an average 95 days on the market versus $205,958 for those sold in December 2008 with an average 75 days on the market.
Median sales price for December 2009 was $211,500.
Median ales price for December 2008 was $208,750.
Below is a summary of the Branford condo real estate market that provides a more in depth view of market conditions over the past twelve months.
For the period of January-December 2008 there were 189 Branford condos sold with an average list price of $228,791, average sales price of $217,678, a median sales price of $199,000, an average days on market of 97 days and an average sales to list price ratio of 95.12%.
For the period of January-December 2009 there were 164 Branford condos sold with an average list price of $218,529, average sales price of $207,126, a median sales price of $190,000, an average days on market of 99 days and an average sales to list price ratio of 94.84%.
In reviewing this comparison of year to year market data for the Branford condo real estatemarket there has been a considerable decrease in the number of condos sold along with a decrease in the average sales price.. The average days on market for condos sold this year remained relatively flat from the previous year. There are signs that the Branford condo real estate market may be beginning to stabilize as indicated by the trend of the data in the market absorption chart.
The data for the Branford Condo real estate market report for December 2009 is based on statistics provided from the CTMLS (private sales are not included).
Click here for previous Branford Condos 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.
There are great opportunities for today's buyers looking for an affordable Branford Condo with the great low interest rates that are available.
If you're considering your selling your Branford condo, 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 © 2010 by Donna Bigda, All Rights Reserved ...*Branford Condos Real Estate Market Report December 2009*
Comments(7)