Dan Cummings - The Running Realtor: The Running Realtor's Home Sales Report - January 2009

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

The Running Realtor's Home Sales Report - January 2009

Home sales in my primary market along the Connecticut Shoreline have continued to drop to the lowest point in years.  Earlier this decade 70 single family homes would typically close during the month of January but sales volume peaked in 2005 with 85 January closings.  Since then volume has slowed dropping to 39 home in 2008 and starting the new year with only 36 closed sales last month.

From a selling standpoint competition is fierce!  As of today there are over 500 homes listed for sale so a great buying opportunity exists.  Mortgage rates continue to be very attractive and stimulus incentives may offer a substantial tax savings for anyone purchasing this year.

Asking Price   Sale Price   Address Beds   Baths   Town / State / Zip
.                  
399,000   381,500   20 Hill Street 3   2.0   Branford, CT  06405
299,000   280,000   166 Limewood Avenue 3   1.1   Branford, CT  06405
469,900   502,540   Lot 9 - Louis Street 3   2.1   Branford, CT  06405
275,000   266,000   14 S Montowese Ave 3   2.0   Branford, CT  06405
592,900   525,000   4 Sybil Creek Place 3   2.1   Branford, CT  06405
600,000   500,000   1 Whiting Farm Road 3   3.0   Branford, CT  06405
525,000   520,000   9 Wilbraham Court 4   3.1   Branford, CT  06405
.                  
839,000   750,000   1290 Durham Road 4   3.1   Guilford, CT  06437
259,000   250,000   104 Farmview Dreive 3   1.1   Guilford, CT  06437
415,000   415,000   3 Finch Lane 4   2.1   Guilford, CT  06437
629,900   585,250   4 Garrison Drive 4   2.1   Guilford, CT  06437
623,000   600,000   28 Graves Avenue 4   2.0   Guilford, CT  06437
127,000   110,500   59 Lone Pine Trail 2   1.0   Guilford, CT  06437
289,900   270,000   129 Williams Drive 3   2.0   Guilford, CT  06437
.                  
868,960   926,220   Lot 5 - Century Oak 4   3.1   Madison, CT  06443
374,900   386,000   22 Dream Lake Drive 4   2.1   Madison, CT  06443
659,000   665,000   Lot 11 - Governors Way 4   2.1   Madison, CT  06443
1,399,000   1,225,000   16 Govenors Way 4   4.1   Madison, CT  06443
339,000   325,000   573 Green Hill Road 4   2.0   Madison, CT  06443
999,900   880,000   15 Grove Avenue 4   2.3   Madison, CT  06443
1,175,000   985,000   4 Matthew Court 4   3.1   Madison, CT  06443
1,495,000   1,310,000   19 Neptune Avenue 3   2.1   Madison, CT  06443
925,000   899,900   26 Webster Point Road 3   3.1   Madison, CT  06443
179,000   185,000   66 Wildcat Road 2   1.0   Madison, CT  06443
159,000   159,000   70 Wildcat Road 1   1.0   Madison, CT  06443
.                  
249,900   246,500   63 Forest View Road 3   1.0   N Branford, CT  06471
249,900   240,000   20 Hunter Hill Road 5   3.0   N Branford, CT  06471
419,900   419,900   Lot 2 - Parsonage Hill 3   2.1   Northford, CT  06472
211,900   208,000   103 Village Street 3   1.0   Northford, CT  06472
209,900   206,000   2 Williams Road 3   1.0   N Branford, CT  06471
.                  
446,000   425,000   39 Hanson Farm Road 4   2.1   North Haven, CT  06473
279,900   269,500   1674 Hartford Turnpike 3   1.0   North Haven, CT  06473
657,400   728,228   5 Kipp Farm Estates 5   3.0   North Haven, CT  06473
314,900   280,000   185 Mill Road 4   2.1   North Haven, CT  06473
279,900   260,000   14 Shaw Drive 3   1.1   North Haven, CT  06473
289,900   277,000   6 Valley Brook Lane 3   2.0   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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3 comments • Dan Cummings - Connecticut's Running Realtor • February 08 2009 01:55PM

Comments

Interesting market. Other than a few (which probably include closing costs and other questionable items), you seem to have quite a disparity between asking and selling. Is that typical?

Posted by Allentown PA Real Estate Broker * Jennifer Monroe * 9 months ago

Jennifer... Typically properly priced homes sell within 5% of the asking price but finding homes that are priced right it getting tougher.  Some sellers are holding on to the dream of past prices and unfortunately our market is flooded with almost 1000 real estate agents, many of whom don't mind "buying the listing".  Along with sluggish sales, prices have come down about 15% since last year.  Accepting the reality that a home valued at half million a year or two ago will now only fetch about $425,000 is difficult for some to digest.

Posted by Dan Cummings - Connecticut's Running Realtor (Raveis Real Estate) 9 months ago

Dan it would be nice to get some of those house off the market.  Hopefully the new stimulus package will pass soon and that it motivates a few Buyers.

Posted by George Souto (McCue Mortgage) FHA, CHFA, VA Mortgages CT. 9 months ago

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