Greater New Haven CT Real Estate

Morris Cove New Haven CT Real Estate Market Report Januayr 2013

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 37 Morris Cove homes for sale.  They range in price from a 3 bedroom, 864 sq, ft. Split-level listed as a short sale for $78,900 to a 3-bedroom, 2800+ sq. ft. stucco Colonial listed for $619,900.

In the month of January 2013 there were 2 homes that closed which is a decrease of 1 homw as there were 3 homes that closed in January 2012.

The average sales prices of the Morris Cove homes sold in January 2013 was $237,500 with an average 89 days on the market versus $164,167 for those sold in January 2012 with an average 130 days on the market.

Median sales price for January 2013 was $237,500.

Median sales price for January 2012 was $185,000.

There are a total of 8 homes under contract in Morris Cove with none going under contract in January.  The average list price of the homes under contract is $184,038 with an average of 47 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-December 2012 there were 46 Morris Cove homes sold with an average list price of $179,856, average sales price of $169,740, a median sales price of $172,000, an average days on market of 102 days and an average sales to list price ratio of 94.92%.

For the period of January-December 2011 there were 34 Morris Cove homes sold with an average list price of $204,708, average sales price of $185,556, a median sales price of $193,250, an average days on market of 108 days and an average sales to  list price ratio of 92.20%

In reviewing this comparison of the past year's market data for the Morris Cove area while there were a greater number of home sold the average sales price and average median sales price went down considerably.  The sale of a number of short sales and distressed properties during the past 12 months has contributed to the lower average sales prce over the past year. 

The data for the Morris Cove New Haven CT real estate market report for January 2013 is based on statistics provided from the CTMLS (private sales are not included).

If you're facing financial difficulty, finding it hard to pay your mortgage and owe more on your home than what it's worth please give me a call to discuss your options.  Even if you're facing the possibility of foreclosure it is not too late to try and sell your home as a short sale. A short sale is an emotional transaction and I can help you take the stress out of losing your home to foreclosure.  Call me today for a confidential consultation.

Important Disclosure:  RE/MAX Alliance is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating. RE/MAX Alliance is not engaged in the practice of law nor gives legal or tax advice. It is strongly recommended that you seek appropriate professional legal counsel and tax advice for any real estate transaction.

Copyright © 2013 by Donna Bigda, All Rights Reserved ...*Morris Cove New Haven CT Real Estate Market Report Januayr 2013*