Bridgeport Condo Update - March 2008

By
Real Estate Agent with William Raveis Real Estate - Fairfield, CT

Bridgeport Condo Update

March 2008

Unit Sales are off 41% from the prior year and continue the three year downward trend.  This is similar to the Single Family trend in unit sales.  What is a bit of a surprise is that the Median and Average Selling Prices seem to be very stable.   This is counter to the trend in Single Family Homes where we are seeing a dip in prices too.

This is good news for Bridgeport and Values.   We just need to get past the mortgage cash crunch and loosen credit a little bit for the condo market to start thriving again.

 

BRIDGEPORT Update

 

Year to Date Sales of CONDOS

 

As of March 31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

2008

2007

08 vs 07

2006

08 vs 06

 

Closes

70

119

-41%

125

-44%

 

Median Price

$150,000

$145,000

3%

$135,000

11%

 

Avg Selling Price

$159,811

$147,893

8%

$143,576

11%

 

  

  

  

  

  

  

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate

 

 

 

 

 

 

 

 

 

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Tags:
bridgeport real estate
bridgeport home values
bridgeport homes for sale
bridgeport condos
bridgeport condominiums

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Mike Tetreau

ABR, CRS, GRI, Sales Vice President
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