Hamden, CT

There is no inventory! As of this morning, there are only 148 active listings in our town of over 60,000 people. Another 19 single family homes are on "show" status, indicating that there is a contract on the table, pending financing and other contingencies. Anyone looking for a home in town, has very little to choose from in any price range. The bulk of the inventory is priced between $200,000 - $300,000, with the averaging listing price of about $250,000. $300,000 can buy you a three bedroom, two bath, 2000 square foot home. Prices seem to be stabilizing. While we are seeing price cuts, they aren't as drastic and as often.

Hamden is presently going through a revaluation for tax purposes. This is done every three years in Connecticut. There is a certain amount of anxiety around revaluation every time it happens. People assume their taxes are going to soar. While taxes never go down, there is no indication of a large increase. We find, however, that people who may have been thinking of retiring to another state will think seriously about listing in a revaluation year.

I know this is not Fargo, North Dakota, but it is mighty cold here. Low temperatures and snow will keep the market quiet. I do, however, expect a busier market as soon as the weather breaks. There is the $8000 tax credit for first time homebuyers, which expires at the end of April 2010. Anyone looking to meet that deadline should be looking for a home now. We need listings to meet the oncoming demand.

Artistic Finishes Artist, Holly Whiting

Click on the link above and see artist Holly Whiting's beautiful interior finishes.

I visited Holly's studio in Erector Square in New Haven during the City Wide Open Studio this fall. There you could page through her portfolio of extensive work and see sample finishes throughout the space. She is enthusiastic about her projects and has exceptional talent in the art of home decorating. Holly also offers workshops for those who want to create their own wall finishes.

Rascals Gym, owned by Steve Schulefand and located in the heart of Spring Glen, just celebrated its 25th year in business. It's the sort of place where kids and parents feel comfortable. Besides the array of equipment and activities, Steve's personality has made this a neighborhood institution. His warm humor is a welcoming trait and his uncanny ability to remember every name in a large birthday party group amazes every time. My kids attended several events held at Rascals Gym when they were little. He had a way of making each child feel like a star while maintaining a low key, noncompetitive atmosphere.

Congratulations to Steve and wishing him many more years of success.

Rascals Gym is located at 1647 Whitney Avenue in Hamden, CT 06517
(203) 288-6552 / www.rascalsgym.com

Hamden CT Homes - Hamden Real Estate Market Report November 2009

Understanding the general direction of the current Hamden 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 Hamden.

There are currently 173 Hamden CT homes for sale ranging in price from $64,900 to $1,495,000. In the month of November 2009 there were 44 homes that closed which is an increase of 10 home as there were 34 Hamden CT homes that closed in November 2008.

The average sales prices of the Hamden CT homes sold in November 2009 was $226,134 with an average 55 days on the market versus $222,856 for those sold in November 2008 with an average 80 days on the market.

The median sales price for November 2009 was $214,950.

The median sales price for November 2008 was $221,000.

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

For the period of January-November 2008 there were 441 Hamden CT homes sold withan average list price of $290,636, an average sales price of $277,798 and a median sales price of 250,000.

For the period of January-November 2009 there were 424 Hamden CT homes sold with an average list price of $253,819, an average sales price of $241,558 and a median sales price of $225,000.

The average sale price to list price ratio for January-November 2008 was 95.65% and for January-November 2009 was 95.18%.

The average days on market for January-November 2008 was 81 days and for January-November 2009 it was 75 days.

In reviewing this comparison of year to year market data for the Hamden real estate market there has been a decrease in the number of homes sold. While there has been a considerable decrease in the average sales price the months supply of inventory is going down indicating signs of some stability in the Hamden real estate market. . The average days on market for homes sold this year has decreased from the previous year.

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

Click here for previous Hamden Connectiuct Market Reports

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, Milford, New Haven, North Branford, Hamden, North Haven and the rest of shoreline area in New Haven County Connecticut.

If you're considering selling your Hamden 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.

If you're thinking of buying a home in Hamden see Hamden real estate or sign up today to get access the hottest new listings here Hamden CT Homes,

Copyright © 2009 by Donna Bi.da, All Rights Reserved ...*Hamden CT Homes - Hamden Real Estate Market Report November 2009*

Hamden CT Homes - Hamden Real Estate Market Report October 2009

Understanding the general direction of the current Hamden 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 Hamden.

There are currently 177 Hamden CT homes for sale ranging in price from $74,900 to $1,495,000. In the month of October 2009 there were 38 homes that closed which is an increase of 5 home as there were 33 Hamden CT homes that closed in October 2008.

The average sales prices of the Hamden CT homes sold in October 2009 was $220,013 with an average 53 days on the market versus $261,050 for those sold in October 2008 with an average 80 days on the market.

The median sales price for October 2009 was $218,500.

The median sales price for October 2008 was $230,00.

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

For the period of January-October 2008 there were 407 Hamden CT homes sold withan average list price of $295,229, an average sales price of $282,387 and a median sales price of 258,000.

For the period of January-October 2009 there were 379 Hamden CT homes sold with an average list price of $255,946, an average sales price of $243,260 and a median sales price of $225,000.

The average sale price to list price ratio for January-October 2008 was 95.79% and for January-October 2009 was 94.99%.

The average days on market for January-October 2008 was 82 days and for January-October 2009 it was 77 days.

In reviewing this comparison of year to year market data for the Hamden real estate market there has been a significant decrease in the number of homes sold. While there has been a considerable decrease in the average sales price the months supply of inventory is going down indicating signs of some stability in the Hamden real estate market. . The average days on market for homes sold this year has decreased from the previous year.

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

Click here for previous Hamden Connectiuct Market Reports

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, Milford, New Haven, North Branford, Hamden, North Haven and the rest of shoreline area in New Haven County Connecticut.

If you're considering selling your Hamden 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.

If you're thinking of buying a home in Hamden see Hamden real estate or sign up today to get access the hottest new listings here Hamden CT Homes,

Copyright © 2009 by Donna Bi.da, All Rights Reserved ...*Hamden CT Homes - Hamden Real Estate Market Report October 2009*