Waterfront & Luxury Home
Mid Year Market Statistics 2008
East Haven, Branford, Clinton, Guilford,
Madison, Old Saybrook and Westbrook
The market for waterfront and luxury homes along the shoreline for the first half of this year has seen a decline from this same period in 2007. The sale of single family homes over $750,000 for the first 6 months of 2008 is 63 which is a decrease from the 94 homes sold for the same period in 2007. The average sales price has decreased from $1,196,162 in 2007 to $1,161,127 in 2008 while the median sales price has seen an increase from $907,500 in 2007 to $970,000 in 2008. The average days on market was 137 in 2007 vs. 135 in 2008. The sales price to list price percentage in 2007 was 92.83 vs. 92.29 for 2008.
The number of home sales over $1,000,000 is also seeing a decline from 39 homes sold for the first 6 months of 2007 vs. 29 homes sold for the first 6 months of 2008. The average sales price in the upper tier has decreased from $1,691,848 in 2007 to $1,515,490 in 2008 while the median sales price saw a more significant decrease from 1,600,000 in 2007 to $1,270,000 in 2008. The average days on market was 149 in 2007 vs. 142 in 2008. The sales price to list price percentage in 2007 was 90.42 vs. 90.50 in 2008.
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 thinking about buying a waterfront home in Branford CT there are plenty of great buys in today's market and now is one of the best times to buy while interest rates remain low. For more information on Branford CT waterfront real estate homes or condos, see Branford CT Waterfront real estate or sign up today to get access the hottest new listings here Branford CT Waterfront homes and condos.
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 © 2008 by Donna Bigda, All Rights Reserved ...*Waterfront & Luxury Home Market Statistics for the Connecticut Shoreline*