Morris Cove Homes For Sale - Morris Cove Real Estate Market Report July 2009

Morris Cove Homes For Sale - Morris Cove Real Estate Market Report July 2009

Understanding the general direction of the current Morris Cove real estate market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Morris Cove.

There are currently 34 homes for sale in Morris Cove ranging in price from $89,500 to $699,000.

In the month of July 2009 there were 4 homes that closed. This is the same number of homes that closed in July 2008.

The average sales prices of the homes sold in July 2009 versus June 2008 was identical at $225,000 with an average 124 days on the market for July 2009 versus an average of 61 days in July 2008.

Below is a summary of the Morris Cove New Haven CT 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 28 homes sold with an average list price of $256,589, average sales price of $244,364, a median sales price of $236,250, an average days on market of 85 days with a 94% sale price to list price ratio.

For the period of January - July 2009 there were 16 home sold with an average list price of $204,168, average sales price of $190,781, a median sales price of $200,000, an average days on market of 145 days with a 94% sales price to list price ratio.

In reviewing this comparison of year to year market data, there has been a decrease in the average sales price and average median sales price indicating a continued weakness in the real estate market. The sale of five distressed properties during the past 12 months contributed to the lower average sales price year over year. The number of homes sold saw a significant decline year over year while the average days on market has been rising. The average sale price to list price year to year has remained the same..

The data for the Morris Cove New Haven CT real estate market report for July 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).

Click here for previous Morris Cove Market Reports.

*******************************************************************************************

Contact Donna Bigda 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 a Morris Cove home with the added benefit for those who may qualify for the $8,000 First Time Homebuyer Tax Credit and the great low interest rates that are available.

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

Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Morris Cove Homes For Sale - Morris Cove Real Estate Market Report July 2009*