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Ansonia CT sales prices headed up but still have a ways to go!

By
Real Estate Agent with Reid Real Estate Group LLC

The Ansonia,CT real estate market has been very slow to recover since crashing about a decade ago. Several years of increasing buyer demand have led to more homes selling since 2011, yet prices have failed to consistently increase in the same time period.

Both 2012 and 2015 actually had the lowest sale prices in a decade - each at a median of $154,000.

The good news is that the last two years both show significant gains in the median sale price in Ansonia CT, with 2017 closing at a median sales price of $175,000:

Ansonia CT Residential Sales:

Ansonia CT residential real estate sales

This is certainly good news and very promising for Ansonia home owners overall!

However, for those who bought or refinanced their homes during the peak of the market, prices are still down over 25% from the decade peak in 2008 of $234,000. Upward movement in Ansonia has been slow and uncertain, leaving many still struggling with negative equity. There are options for those who need to sell but lack the equity to get out of the loan.

And for those who have the time to wait it out - looks like things are headed your way!

 

GET THE DETAILS ON THE LATEST MARKET CONDITIONS FOR YOUR CT TOWN!

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Minna Reid is a Jacksonville Realtor and Broker Associate with Fathom Realty, serving the greater Jacksonville, Florida area and the Jacksonville Beaches. Minna's focus is foreclosure preventionshort sales, and probate sales. Since 2007, Minna has helped hundreds of home sellers and buyers move on to the next chapter of their lives and she has the expertise to get you through even your most complicated real estate transactions smoothly, from listing your property to closing the sale!