Branford Condos - Market Report July 2009

Understanding the general direction of the current Branford condos real estate market is of vital importance to both sellers and buyers in order to help you make a more informed decision when buying or selling a condo in Branford CT.

There are currently 128 Branford condos for sale rangining in price from $95,000 to $859,900.

In the month of July 2009 there were 20 condos that closed which is an increase of 3 condos as there were 17 condos that closed in July 2008.

The average sales prices of the condos sold in July 2009 was $219,900 with an average 68 days on the market versus $247,960 for those sold in July 2008 with an average 85 days on the market.

Median sales price for July 2009 was $194,250.

Median sales price for July 2008 was $192,900.

Below is a summary of the Branford condos real estate market that provides a more in depth view of market conditions over the past twelve months.

For the period of January-July 2008 there were 110 condos sold with an average list price of $235,032, average sales price of $225,188, a median sales price of $203,500 an average days on market of 92 days with a 92% sale price to list price ratio.

For the period of January-July 2009 there were 79 condow sold with an average list price of $215,564, average sales price of $204,065 a median sales price of $189,000, an average days on market of 92 days with a 94% sales price to list price ratio.

In reviewing this comparison of year to year market data, there has been a considerable decrease in the average sales price and average median sales price indicating a continued weakness in the real estate market. The number of condos sold saw a significant decline year over year and the average days on market remaining the same. The average sale price to list price year to year also shows a slight decrease..

The data for the Branford Condos real estate market report for July 2009 is based on statistics provided from the CTMLS (private sales are not included).

Click here for previous Branford Condos Market Reports

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Contact Donna Bigda, ABR, SRES, e-PRO, Realtor®, RE/MAX Alliance Licensed Realtor® in the State of Connecticut at 203-488-1641, ext. 214 to list your property for sale or to purchase a property in Branford, Guilford, Madison, East Haven, New Haven and the rest of shoreline area in New Haven County Connecticut.

There are great opportunities for today's buyers looking for an affordable condo in Branford CT and the benefit for those who may qualify for the $8,000 First Time Homebuyer Tax Credit along with the great low interest rates that are available.

If you're considering selling your condo in Branford CT, we'd be happy to provide you with a Pin-Point Price Analysis which will help you determine what it might sell for in today's market.

Disclaimer: All information provided by this author is strictly an opinion, is not guaranteed, may be based on information collected from several sources, which may or may not be deemed reliable at the time of researching this article and may be time sensitive.

Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Branford Condos - Market Report July 2009*