Bridgeport Condo Update - June 2008

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

Bridgeport Condo Update

June 2008 

The Bridgeport Condo market is definitely showing signs of the slowdown.  Bridgeport especially the Northend Neighborhood has always had a very active condo market.  These condos have proven to be good investments over time.  The best performing areas have been the Northend and Black Rock -- both are very good commuter locations.  Condos have provided a great way for first time buyers or those on their own for the first time to have an economical way to own their own home.  Seeing the market off 38% shows just how broad the impact of this slowdown is.....these are some of the best values and price points in Fairfield County! 

BRIDGEPORT Update

Year to Date Sales of CONDOS

As of June 30

 

 

 

 

 

 

 

 

 

 

 

 

  

2008

2007

08 vs 07

2006

08 vs 06

Closes

160

256

-38%

297

-46%

Median Price

$140,000

$145,000

-3%

$140,000

0%

Avg Selling Price

$145,682

$151,680

-4%

$147,796

-1%

 

 

 

 

  

 

 

 

 

 

 

 

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

 

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Mike Tetreau

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