Branford Condos Real Estate Market Report January 2013
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 85 Branford condos for sale ranging in price from $75,000 to $695,000.
In the month of January 2013 there were 9 condos that closed which is an increase of 1 condo as there were 8 condos that closed in January 2012.
The average sales prices of the Branford condos sold in January 2013 was $155,500 with an average 140 days on the market versus $170,663 for those sold in January 2012 with an average 227 days on the market.
Median sales price for January 2013 was $156,000.
Median sales price for January 2012 was $148,150.
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 2012 there were 117 Branford condos sold with an average list price of $191,223, average sales price of $179,369, a median sales price of $160,000, an average days on market of 104 days and an average sales to list price ratio of 93.53%.
For the period of January-December 2011 there were 113 Branford condos sold with an average list price of $208,136, average sales price of $194,626, a median sales price of $161,000, an average days on market of 139 days and an average sales to list price ratio of 93.98%.
In reviewing this comparison of year to year market data for the Branford condo real estatemarket there has been a modest increase in the number of condos sold however there has been a decrease in the average sales price.. The average days on market for condos sold this year has gone down from the previous year.
The data for the Branford Condo market report for January 2013 is based on statistics provided from the CTMLS (private sales are not included).
Copyright © 2013 by Donna Bigda, All Rights Reserved ...*Branford Condos Real Estate Market Report January 2013*