New Haven, CT

New Haven CT Homes - New Haven CT Real Estate Market Report January 2010

Understanding the general direction of the current New Haven CT homes 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 New Haven.

There are currently 189 New Haven CT homes for sale ranging in price from $29,900 to $1,200,000.

In the month of January 2010 there were 29 homes that closed which is an inrease of 11 homes as there were 18 homes that closed in January 2009.

The average sales prices of the New Haven CT homes sold in January 2010 was $198,070 with an average 105 days on the market versus $148,267 for those sold in January 2009 with an average 81 days on the market..

Below is a summary of the 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-December 2008 there were 309 homes sold with an average list price of $248,845, an average sales price of $236,700 and a median sales price of $199,500.

For the period of January-December 2009 there were 353 homes sold with an average list price of $209.867, an average sales price of $199,238 and a median sales price of $172,000.

The average sale price to list price ratio for January-December 2008 was 94.90% and for January-December 2009 was 93.78%.

The average days on market for January-December 2008 was 82 days and for January-December 2009 it was 84 days.

In reviewing this comparison of year to year market data for New Haven CT homes there has been a significant increase in the number of homes sold while the average sales price has decreased considerably. Short sales, foreclosure and bank owned sales have been a contributing factor in the continuing decline in the overall average sales price. We are however now seeing a positive trend in the reduction of the months supply of inventory which is a sign that the market is beginning to stabilize. The average days on market for New Haven CT homes sold this year has seen a slight increase from the previous year.

The data for the New Haven CT real estate market report January 2010 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).

Click here for previous New Haven Connecticut 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.

If you're considering selling your New Haven CT home, 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.

If you're thinking of buying a home in New Haven CT see New Haven CT real estate or sign up today to get access the hottest new listings here New Haven CT homes.

Copyright © 2010 by Donna Bigda, All Rights Reserved ...New Haven CT Homes - New Haven CT Real Estate Market Report January 2010*

Customer: I can't get on the Internet.

Tech support: Are you sure you used the right password?

Customer: Yes, I'm sure. I saw my colleague do it.

Tech support: Can you tell me what the password was?

Customer: Five dots.

===============

Tech support: What anti-virus program do you use?

Customer: Netscape.

Tech support: That's not an anti-virus program

Customer: Oh, sorry... Internet Explorer.

===============

Customer: I have a huge problem. A friend has placed a screen saver on my computer, but every time I move the mouse, it disappears.

☺

Matt

Toll Free: 888-NCFIXER (623-4937)
Toll Free Fax: 888-FAX-4020 (329-4020)
Local: 860-282-6181
330 Roberts Street 4th Floor
East Hartford, CT 06108

credit repair company

Morris Cove Homes For Sale - Morris Cove Real Estate Market Report December 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 26 Morris Cove homes for sale ranging in price from $129,900 to $724,900.

In the month of December 2009 there were 4 homes that closed. This is an increase of 1 home as there was 3 closed sale in December 2008.

The average sales prices of Morris Cove homes sold in Decemberr 2009 was $170,750 with an average 53 days on the market versus $181,333 for those sold in December 2008 with an average 32 days on the market.

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 - Decemberr 2008 there were 39 Morris Cove homes sold with an average list price of $249,415 average sales price of $237,133, a median sales price of $229,000, an average days on market of 82 days with a 94.87% sale price to list price ratio.

For the period of January - December 2009 there were 50 Morris Cove homes sold with an average list price of $204,522 average sales price of $190,925, a median sales price of $194,750, an average days on market of 99 days with a 93,90% sales price to list price ratio.

In reviewing this comparison of year to year market data for the Morris Cove area there has been a considerable decrease in the average sales price and average median sales price. The sale of a number of distressed properties during the past 12 months contributed to the lower average sales price year over year. The number of homes sold has increased year over year while the average days on market has been rising.

While there has been a considerable decrease in the average sales price year over year, the months supply of inventory is going down indicating signs of some stability in the Morris Cove real estate market.

The data for the Morris Cove New Haven CT real estate market report for November 2009 is based on statistics provided from the CTMLS (private sales are not included).

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 © 2010 by Donna Bigda, All Rights Reserved ...*Morris Cove Homes For Sale - Morris Cove Real Estate Market Report December 2009*

New Haven CT Homes  - New Haven CT Real Estate Market Report December 2009

Understanding the general direction of the current New Haven CT homes 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 New Haven.

There are currently 163 New Haven CT homes for sale ranging in price from $29,900 to $1,200,000.

In the month of December 2009 there were 23 homes that closed which is a decrease of 4 homes as there were 27 homes that closed in December 2008.

The average sales prices of the New Haven CT homes sold in December 2009 was $206,678 with an average 63 days on the market versus $196,995 for those sold in December 2008 with an average 68 days on the market..

Below is a summary of the 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-December 2008 there were 309 homes sold with an average list price of $248,845, an average sales price of $236,700 and a median sales price of $199,500.

For the period of January-December 2009 there were 353 homes sold with an average list price of $209.867, an average sales price of $199,238 and a median sales price of $172,000.

The average sale price to list price ratio for January-December 2008 was 94.90% and for January-December 2009 was 93.78%.

The average days on market for January-December 2008 was 82 days and for January-December 2009 it was 84 days.

In reviewing this comparison of year to year market data for New Haven CT homes there has been a significant increase in the number of homes sold while the average sales price has decreased considerably. Short sales, foreclosure and bank owned sales have been a contributing factor in the continuing decline in the overall average sales price. We are however now seeing a positive trend in the reduction of the months supply of inventory which is a sign that the market is beginning to stabilize. The average days on market for New Haven CT homes sold this year has seen a slight increase from the previous year.

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

Click here for previous New Haven Connecticut 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, New Haven and the rest of shoreline area in New Haven County Connecticut.

If you're considering selling your New Haven CT home, 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.

If you're thinking of buying a home in New Haven CT see New Haven CT real estate or sign up today to get access the hottest new listings here New Haven CT homes.

Copyright © 2010 by Donna Bigda, All Rights Reserved ...New Haven CT Homes - New Haven CT Real Estate Market Report December 2009*

I think I've written about utilization, the relationship between the balances and credit limits on credit cards expressed as a percentage, for as long as I've owned a computer. But this topic has legs as everlasting as the Gobstopper which shares the adjective. So, for the first time in 2010 and what has to be the 100th time overall, here's how utilization is calculated.

First off, utilization 101...Mark has a credit card with a $1,000 credit limit. That is, his credit reports show a $1,000 credit limit. His current balance as reported on his credit reports is $500. The utilization of that card is 50% because the balance ($500) divided by the credit limit ($1,000) equals .50 or 50%. Now we can get started.

It's important to note that the figures I use for my next few examples HAVE to be reported on your credit reports to make these math problems accurate. That's the bottom line. If it's not on our credit report then all bets are off.

Line Item Utilization - This is the same calculation as described above for Mark but done for every single open credit card or credit card with a balance. So if you have 10 open credit cards, and open in this examples means it's not closed, then you'll have 10 different line item measurements. This is important because the number of highly utilized credit cards on your credit report is a consideration in most credit and insurance risk models.

Aggregate Utilization - This is the same calculation as described above for Mark with one huge difference. For this calculation we are going to combine all of the open credit cards on a credit report to do the math. For example, if I have two credit cards and each has a $5,000 balance and a $10,000 credit limit then I have $10,000 in aggregate balances and $20,000 in aggregate credit limits. Divide $10,000 by $20,000 and you again get .50 or 50%. This measurement is important because the higher utilization the percentage the more risky you are to lenders and insurance companies and the less attractive their terms will be.

High Balance in Lieu of Credit Limits - In some cases your credit cards will not have a credit limit reported. (Note: I'm not talking about charge cards. I'm talking about revolving credit cards that are not reporting a credit limit). In those cases most credit scoring models will look for the historical highest balance, which is typically reported by the credit bureaus, and use that figure in lieu of the missing credit limit. So, if I have a credit card with a $10,000 credit limit but it's not being reported then the credit score will look for my highest balance figure. If it finds, for example, that your highest historical balance was $7,500 then that's the figure it will use in lieu of the missing $10,000. So, with my same $5,000 balance and a $7,500 "pseudo limit" I appear to be 67% utilized on that card instead of the true 50%. This is a line item measurement and an aggregate measurement, meaning it is the same regardless of which is being calculated. This practice of withholding credit limits got the credit bureaus sued in a class action case several years ago because Capital One was not reporting credit limits. The case was dismissed because, in my opinion, the court simply couldn't grasp the details of the problem and the breadth of its impact. Shortly after the lawsuit was filed Capital One began reporting credit limits for the first time in their existence. So, some good did come out of the case.

Missing High Balance and Missing Credit Limit - Now this is a tricky one. In some examples a credit card account will be missing the credit limit and the highest balance. Most credit scoring systems will simply ignore the account for the above referenced utilization calculations because, well, you have no limit to include in the math. This can help the consumer's scores and it can also hurt the consumer's scores. For example, if you have a very high balance on that particular credit card but no limit or high credit then that balance can't increase your aggregate utilization because it's ignored for that math. It can hurt your score in the example where you have a very low balance relative to the credit limit, which isn't reported because you don't get any value of the large difference between the balance and the limit, which is called open-to-buy.

Shadow Limits - A shadow limit isn't a credit card that's been left under a leafy tree. Instead it's the unpublished maximum preset spending limit that all credit cards have, even charge cards that are marketed as not having a preset spending limit. That would suggest that you could use your charge card to buy a $100,000 Mercedes, if the dealership took plastic for such a purchase. And while some very wealthy individuals might be given that amount of shopping power, it's atypical. The shadow limit is not reported to the credit bureaus so the high balance is the next best figure to use when calculating utilization. And if it's a charge card the newer FICO scores will not count it in utilization at all. There are, however, revolving credit cards that are also marketed as not having a preset spending limit and, thus, a shadow limit.

The moral of this story is simple; you'd like to do business with credit card issuers who do report the credit limit to all three credit bureaus. It give you the ability to strategically use that card so that you never exceed some self applied utilization percentage. For example, if you know your credit card has a credit limit of $10,000 (and it's being reported to the credit bureaus) and you never want to exceed 30% utilization on that card then you know you can never allow more than $3,000 to be reported to the credit bureaus as a balance.

☺

Matt

Toll Free: 888-NCFIXER (623-4937)
Toll Free Fax: 888-FAX-4020 (329-4020)
Local: 860-282-6181
330 Roberts Street 4th Floor
East Hartford, CT 06108

credit repair company