The Running Realtor: The Running Realtor's Home Sales Report - September 2008

A blend of ramblings about Real Estate & Running around New Haven County and the Connecticut Shoreline

The Running Realtor's Home Sales Report - September 2008

The month of September was filled with gloom and doom from government officials who foolishly decided pumping 700 billion into Wall Street was the solution.  The stock market continues to slide downward and big banks are bickering about who gets to take over the fallen financial institutions.  With all that bull about it being nearly impossible to get credit I will pull a quote from the front page of today's New Haven Register,  "But even against that backdrop, Connecticut-based banks are faring well and have money to lend".

Single family homes sales continue to be sluggish.  September volume was down 20% from last year with 59 homes closing in my 5 primary towns.  The lower priced communities on North Haven & North Branford actually saw in increase in the number of homes sold compared to last year while Branford, Guilford & Madison had less.

Asking Price   Sale Price   Address Beds   Baths   Town / State / Zip
.                  
250,000   250,000   19 Barton Court 3   1.1   Branford, CT  06405
350,000   361,000   23 Buena Vista Road 2   1.0   Branford, CT  06405
199,900   170,000   40 Cherry Street 3   2.0   Branford, CT  06405
395,000   350,000   10 Cocheco Avenue 4   2.0   Branford, CT  06405
599,900   525,000   18 Dudley Avenue 3   2.0   Branford, CT  06405
430,000   385,000   22 Grove Street 3   2.0   Branford, CT  06405
379,000   379,000   12 Millwood Drive 3   2.0   Branford, CT  06405
316,500   300,000   18 Oak Ridge Road 3   2.0   Branford, CT  06405
354,000   354,000   12 Oakgate Drive 4   1.2   Branford, CT  06405
359,900   347,500   10 Roby Court 3   2.1   Branford, CT  06405
299,900   300,000   20 Sandra Drive 3   2.0   Branford, CT  06405
1,295,000   910,000   81 Sunset Beach Road 4   4.0   Branford, CT  06405
279,900   250,000   33 Todds Hill Road 2   1.1   Branford, CT  06405
.                  
13,750,000   11,900,000   173 Andrews Road 6   6.2   Guilford, CT  06437
625,000   590,000   23 Cornwall Lane 5   4.1   Guilford, CT  06437
314,900   310,000   315 Foxwood Road 5   2.1   Guilford, CT  06437
382,500   340,000   10 Ives Place 4   2.0   Guilford, CT  06437
310,000   300,000   1327 Little Meadow Rd. 3   2.1   Guilford, CT  06437
419,000   384,000   34 North Madison Rd. 3   3.1   Guilford, CT  06437
379,000   341,000   90 North Mill Circle 2   2.0   Guilford, CT  06437
697,000   624,000   394 Northwood Drive 5   4.0   Guilford, CT  06437
364,900   323,000   15 Point Arowhead Rd. 3   2.1   Guilford, CT  06437
339,900   320,000   41 Preble Drive 3   2.0   Guilford, CT  06437
358,900   349,900   106 Russet Drive 3   2.0   Guilford, CT  06437
339,000   330,000   14 Stonewall Lane 4   2.0   Guilford, CT  06437
255,000   250,000   270 Weatherly Trail 1   1.1   Guilford, CT  06437
305,000   280,000   1535 West Street 3   2.0   Guilford, CT  06437
585,900   600,418   Lot 4 - White Birch Dr. 4   2.1   Guilford, CT  06437
719,000   649,000   15 Wingate Road 3   3.1   Guilford, CT  06437
360,000   330,000   71 Woodside Road 5   2.1   Guilford, CT  06437
.                  
1,295,000   1,200,000   27 Chestnut Hill Road 5   5.1   Madison, CT  06443
412,500   381,000   141 Concord Drive 4   3.0   Madison, CT  06443
319,000   282,500   53 Hickory Lane 3   1.0   Madison, CT  06443
429,000   408,000   15 Hull Road 4   2.1   Madison, CT  06443
924,999   840,000   9 Linden Lane 3   2.1   Madison, CT  06443
286,000   286,000   22 Pardee Place 3   1.1   Madison, CT  06443
649,000   632,000   34 Richborough Road 4   2.1   Madison, CT  06443
275,000   280,000   78 Scenic Road 4   2.0   Madison, CT  06443
750,000   695,000   47 West Wharf Road 3   2.1   Madison, CT  06443
.                  
384,900   375,000   14 Ashley Park Drive 3   2.0   N Branford, CT  06471
340,000   330,000   11 Dogwood Road 3   1.2   N Branford, CT  06471
159,900   152,000   22 Lake Road 2   1.0   N Branford, CT  06471
339,000   310,000   148 Lanes Pond Road 2   2.1   Northford, CT  06472
299,900   300,000   384 Village Street 4   1.1   Northford, CT  06472
259,000   252,500   163 West Pond Road 2   1.0   N Branford, CT  06471
334,900   300,000   197 White Hollow Road 3   2.0   Northford, CT  06472
249,900   244,000   34 Woodland Drive 3   2.0   Northford, CT  06472
.                  
269,900   238,000   17 Ball Road 3   1.1   North Haven, CT  06473
269,900   250,000   390 Clintonville Road 2   1.0   North Haven, CT  06473
329,900   320,000   10 Fortune Drive 3   1.1   North Haven, CT  06473
300,000   280,000   120 Hartley Street 3   2.0   North Haven, CT  06473
299,000   283,000   18 Helen Drive 3   1.1   North Haven, CT  06473
229,000   217,000   33 Laydon Avenue 3   1.0   North Haven, CT  06473
445,000   400,000   25 Marion Drive 4   2.1   North Haven, CT  06473
899,900   887,000   126 North Hill Road 3   2.1   North Haven, CT  06473
239,900   234,000   52 Northside Road 4   1.0   North Haven, CT  06473
289,900   280,000   11 Oakwood Drive 3   1.0   North Haven, CT  06473
399,900   399,900   82 South Avenue 4   2.1   North Haven, CT  06473
329,900   320,700   13 Westerly Road 3   1.1   North Haven, CT  06473

If you are thinking of selling and curious about the value of your home click the house on the right to request a Free No Obligation Market Analysis of the property.  With today's on-line  databases I can give you a fairly good idea of the market price without even touring the house.

Anyone ready to undertake the adventures of searching for property in New Haven County can contact Dan Cummings - The Running Realtor via email or call my 24 hour access line : 203-672-2455

 

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Comment balloon 6 commentsNo Longer Active • October 06 2008 07:34PM

Comments

You know what I'd like to see? The final List to Purchase price ratio. Looks like you have quite a spread there.

Posted by Jennifer Monroe, Real Estate REALTOR®/Broker in Beautiful Charlotte (Savvy + Company Real Estate) about 10 years ago

Hi Dan - Volume down, Values down. Sounds like a real familiar tune I am all too aware of.

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) about 10 years ago

Jennifer... There is indeed quite a spread and the asking price I use it the homes price at the time of contract.  Many were listed higher and adjusted downward before an offer came in.  Instead of giving you the entire list of ratios here is the average.  The selling price of homes on this list average out to 89.41% of the original list price and 94.08% of the listed price at time of sale.  Individually the spread goes can spam almost 30% off asking when a terribly overpriced home does finally sell.

Bill... Yes.. Same story and I was a bit late publishing results this month but had a seller mention he was anxious to see my numbers so I figure prospective home sellers and buyers do look forward to these type of posts even though most don't comment.

Posted by No Longer Active (Real Estate) about 10 years ago

I didn't do the math but it appears that the lower priced homes, those in the $250,000 range are holding closer to their adjusted price. Very interesting.

Posted by Beth Forbes, Your 24/7 loan officer (The mortgage help you want when you need it.) about 10 years ago

Beth... The homes in the $250 price range are typically entry level in this marketplace so they are in higher demand since most of the activity right now seems to be first time home buyers although many young dual income couples will start with a home in the mid to upper 300's. 

Posted by No Longer Active (Real Estate) about 10 years ago

You really know your market.

Posted by Tom Jericho about 10 years ago

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