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Branford Condos-Real Estate Market Report January-June 2011

By Jamie Dumaine-Russell

Real Estate Agent with RE/MAX Alliance 0754296

July 13, 2011 01:01 PM

Branford Condos-Real Estate Market Report January-June 2011

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 112 Branford condos for saleranging in price from $84,000 to $1,900,000.

During the months of January-June 2011 there were 57 condos that closed which is a decrease of 17 condos as there were 74 condos that closed from January-June 2010..

The average sales prices of the Branford condos sold from January-June 2011 was $186,476 with an average 126 days on the market versus $197,659 for those sold from January-June 2010 with an average 111 days on the market.

Median sales price from January-June 2011 was $155,000.

Median sales price from January-June 2010 was $178,700.

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

In reviewing this comparison of year to year market data for the Branford condo real estate market there has been a decrease in the number of condos sold and a decrease in the average sales price.. The average days on market for condos sold this year increased moderately from the previous year. The Branford condo market offers a wonderful opportunity with a wide array of complexes and price ranges for qualifed buyers to buy right now.

The data for theBranford Condo real estatemarket report for January-June 2011 is based on statistics provided from the CTMLS (private sales are not included).

Click here for previous Branford Condos Market Reports

Written and Posted by:

Donna Bigda - REALTOR®

203-488-1641, x214

RE/MAX Alliance - Branford, CT 06405

Search all Greater New Haven CT Homes for Sale

Call me to list your property for sale or to purchase a property in Branford, East Haven, Guilford, Madison, New Haven, North Branford and the Greater New Haven area.

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.

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Ed Silva, 203-206-0754

Mapleridge Realty, CT 203-206-0754 - Waterbury, CT

Central CT Real Estate Broker Serving all equally

Donna, Buyers have opportunities and sellers must understand the need to price to Market value and not desires. Prices and units sold are down from last year, and the first half of last year carried a government tax rebate, which is not available this year.

Jul 13, 2011 02:08 PM

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Donna it does not surprise me that the Condo sales are down. Many of the Condo complexes have not re-certified with FHA, and that eliminates many of the condo buyers for those complexes.

Jul 13, 2011 03:10 PM

Kathleen Vetrano

RE/MAX Gateway - Falls Church, VA

Helping YOU Achieve YOUR Dreams

Donna, You have provided excellent information on the Branford Condos Real Estate Market. I am sure the residents and buyers appreciate your work. You know the market.

Jul 13, 2011 04:22 PM

Jamie Dumaine-Russell

RE/MAX Alliance - Branford, CT

Ed - You're so right. The buyer tax credit last year had it's positives and negatives and is definitely impacting the numbers for this year.

George - It didn't surprise me either as I'm regularly checking the FHA site to stay up to date on the condo complexes that have been approved.

Kathleen - Thank you. It's one of the niche markets that I work and understand the importance of keeping buyers and sellers up to date on the latest market conditions.

Jul 14, 2011 11:15 AM

Jennifer Fivelsdal

JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY

Mid Hudson Valley real estate connection

Donna what an informative report on the Branford Condo s Real Estate Market. I see similar trends, price falling when compared to last year.

Jul 16, 2011 03:22 PM

Jennifer - It's been a challenging condo market lately and hope that we see some a signs of improvement in the near future.

Jul 17, 2011 06:27 AM

Katerina Gasset

The Gasset Group & Get It Done For Me Virtual Services - Provo, UT

Amplify Your Real Estate & Life Dreams!

Hello Donna,great subject here.Very detailed and informative.Thanks for sharing this to us,we truly appreciate this effort.Best of luck and stay number one New Haven Short Sale Agent.

Jul 27, 2012 05:49 AM

Branford Condos-Real Estate Market Report January-June 2011

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