Bridgeport Real Estate and Home Sales Update - June 2008

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

Bridgeport Real Estate and Home Sales Update

June 30, 2008

 Bridgeport Single Family Home Sales continue to slide. After six months this year they are on track to finish with the lowest total in over a decade - right now the projection is that the city will come in under the six month total for 2006.  Average Prices are off 18% from just one year ago.  A new Mayor and a new energy may be the start of the turnaround for this City. 

In addition, Bridgeport was hit hard by the sub prime crisis in both the Single Family segment and the Multi-Family or Investment segment.  Values abound in this market if you have the cash or credit to take advantage of them.

 

Bridgeport Update

Year to Date Sales of Single Family Homes

As of June 30

 

 

 

 

 

 

 

 

 

 

 

 

  

2008

2007

08 vs 07

2006

08 vs 06

Closes

182

261

-30%

403

-55%

Median Price

205,000

250,000

-18%

250,000

-18%

Avg Selling Price

210,102

259,939

-19%

262,439

-20%

  

  

  

  

  

  

 

 

 

 

  

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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Mike Tetreau

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