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.
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Bridgeport Update |
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Year to Date Sales of Single Family Homes |
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As of June 30 |
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2008 |
2007 |
08 vs 07 |
2006 |
08 vs 06 |
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Closes |
182 |
261 |
-30% |
403 |
-55% |
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Median Price |
205,000 |
250,000 |
-18% |
250,000 |
-18% |
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Avg Selling Price |
210,102 |
259,939 |
-19% |
262,439 |
-20% |
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Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate |
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