Greater New Haven CT Real Estate: August 2009

Connecticut Waterfront and Luxury Homes Sales - May-June-July 2009

Connecticut Waterfront and Luxury HomesAre you curious about the Connecticut Waterfront and Luxury Homes real estate market along the shoreline area and what these homes have been selling for?

For the months of May, June and July 2009, there were 36 sales of waterfront and luxury homes which were listed for $750,000 or more. These sales are for the areas of Branford, Clinton, East Haven, Guillford, Madison, Milford, New Haven, West Haven, Westbrook and Old Saybrook.

Of these 36 sales, 10 sales were over $1 million in the towns of Branford, Guilford, Madison, New Haven and Old Saybrook.  The most expensive sale was a 2638 sq. ft. Victorian waterfront home  on Middle Beach Road in Madison for $2,7500,000.

The average list price was $1,090,697 with an average sales price of $986,077 and a median sales price of $850,000.  The average days on market for these homes was 161 days with an average sales price to list price ratio of 91%.

In comparing the data for May, June and July 2008, there were 58 sales in the towns of Branford, Clinton, Guilford, Madison, New Haven and Westbrook.  The most expensive home sold was a 6266 sq. ft. Contemporary on Spring Rock Road in Branford for $3,000,000.

The average list price was $1,191,218 with an average sales price of $1,093,929 and a median sales price of $922,707.  The average days on market for these homes was 121 dyas with an average sales price to list price ratio of 93%.

Although we have seen a decrease in sales from the previous year, waterfront and luxury homes in this price range are continuing to sell at well below the original asking price.

With 351 homes currently on the market listed between $750,000 to $7,900,000 buyers of Connecticut Waterfront and Luxury Homes have a huge inventory of properties to choose from.

All information for these report was obtained from CTMLS and is for single family homes only.

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Contact Donna Bigda, 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 thinking about buying a CT waterfront or Luxury home there are plenty of great buys in today's market and now is one of the best ties to buy while interest rates remain low. For more information onCT waterfront and luxury homes real estate, sign up today to get access the hottest new listings at my Shoreline Homefinder website.

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 ...*Connecticut Waterfront and Luxury Homes Sales - May-June-July 2009*

3 commentsDonna Bigda • August 30 2009 10:58PM
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