Morris Cove New Haven CT Real Estate Market Report June 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 31 homes for sale in Morris Cove ranging in price from $95,900 to $799,000.
In the month of June 2009 there were 2 homes that closed. This is an decrease of 6 homes as there were five homes that closed in June 2008.
The average sales prices of the homes sold in June 2009 was $201,500 with an average 233 days on the market versus $256,475 for those sold in June 2008 with an average 98 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 - June 2008 there were 22 homes sold with an average list price of $253,440, average sales price of $242,145, a median sales price of $230,750, an average days on market of 82 days with a 94% sale price to list price ratio.
For the period of January - June 2009 there were 10 home sold with an average list price of $191,980, average sales price of $177,300, a median sales price of $195,000, an average days on market of 181 days with a 93% sales price to list price ratio.
In reviewing this comparison of year to year market data, there has been a decrease in the average sales price and average median sales price indicating a continued weakness in the real estate market. The sale of five distressed properties during the past 12 months contributed to the lower average sales price year over year. The number of homes sold saw a significant decline year over year while the average days on market has been rising. The average sale price to list price year to year is also seeing a slight decrease..
The data for the Morris Cove New Haven CT real estate market report for June 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).
There are great opportunities for today's buyers looking for affordabe homes in Morris Cove under $300,000 with 3+ bedrooms 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.
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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.
If you're thinking about buying a home in Morris Cove New Haven 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 Morris Cove real estate homes or condos, see Morris Cove real estate or sign up today to get access the hottest new listings here Morris Cove New Haven CT homes and condos.
Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Morris Cove New Haven CT Real Estate Market Report June 2009*
P.S. If you are listing your home as a short sale in New Haven County Connecticut make sure you hire an agent who knows how to do short sales, can give you the expertise to help relieve the uncertainty and most of all, help your family. Call or email for a no obligation consultation.
Great minds, Donna! I'm working on a market report as I have not published one in quite some time--and I decided to do the one that I made the video on so that I could use it instead of the photo that I always do! What a great report for Morris Cove New Haven CT real estate!
Have a wonderful Independence Day!
Donna, I like what you did, I may not like the numbers, but then again, if I were in the market for a home there I would like those numbers very much! Great job, and I love the fact you put a video in there.
It is like smorgasboard for buyers now, they really need to move before things pick up. And pick up they will. We are seeing a tick up in activity in the market, more buyers are out there now, at least here. Good luck!
Donna, What a wonderful video, I almost felt as if I were there. It's a beautiful place and I love how the video came out!
Debe - How funny that we were both thinking the same thing. :) I thought of the video at the last minute just before I published the report. I was planning on just adding a photo like I normally do and then thought it would be a great idea to add the video. Wishing you a wonderful Independence Day too!!!
Andrea - I wasn't too thrilled with the numbers either but they are what they are unfortunately. The good thing is that the lower prices should get the buyers looking off the fence to buy. I liked the way this video came out and plan on doing one for each of my market areas.
Carole - I could spend all day taking videos of Morris Cove. It really is such a beautiful place. I'm thrilled that it really gave you a sense of being here. Have a Happy 4th of July!