Hamden CT Homes - Hamden Real Estate Market Report August 2009
Understanding the general direction of the current Hamden 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 Hamden.
There are currently 203 Hamden CT homes for sale ranging in price from $26,000 to $1,495,000. In the month of August 2009 there were 44 homes that closed which is a decrease of 1 home as there were 45 Hamden CT homes that closed in August 2008.
The average sales prices of the Hamden CT homes sold in August 2009 was $241,583 with an average 78 days on the market versus $295,677 for those sold in August 2008 with an average 60 days on the market.
The median sales price for August 2009 was $227,500.
The median sales price for August 2008 was $272,500.
Below is a summary of the Hamden real estate market that provides a more in depth view of market conditions over the past twelve months.
For the period of January-August 2008 there were 336 Hamden CT homes sold withan average list price of $295,675, an average sales price of $283,131 and a median sales price of 260,000.
For the period of January-August 2009 there were 302 Hamden CT homes sold with an average list price of $256,242, an average sales price of $244,445 and a median sales price of $225,500.
The average sale price to list price ratio for January-August 2008 was 95.80% and for January-August 2009 was 95.27%.
The average days on market for January-August 2008 was 83 days and for January-August 2009 it was 78 days.
In reviewing this comparison of year to year market data for the Hamden real estate market there has been a significant decrease in the number of homes sold. While there has been a considerable decrease in the average sales price the months supply of inventory is going down indicating signs of some stability in the Hamden real estate market. . The average days on market for homes sold this year has decreased from the previous year.
The data for the August 2009 real estate market report for Hamden CT homes is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes). ****************************************************************************************
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, North Branford, Hamden, North Haven and the rest of shoreline area in New Haven County Connecticut.
If you're considering selling your Hamden 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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Copyright © 2009 by Donna Bi.da, All Rights Reserved ...*Hamden CT Homes - Hamden Real Estate Market Report August 2009*
Donna - the way you present your data for buyers and sellers is so easy to read and understand.
Looks like prices have shifted down about 14% since the same period last year which isn't too bad compared to many areas I have seen. Also looks like some improvement in recent months, too.
Jeff
Jeff - Thanks so much. In general we've seen about a 10% to 20% decrease from last year to ths year in the average sales price in the majority of the areas here in my market. We're definitely beginning to see an upward trend ever so slightly over the past 2-3 months.
Very impressive absorption rate! Looks like a decent market for seller's!
Hi Donna, thanks for the interesting post about the Hamden market. Seems to reflect the basic trends seen across the state. I know anecdotally I have seen alot of activity lately with well priced homes coming on and then off the market very quickly. One of the nice things about Hamden, which may also make it hard to quantify statically, is the wide range of housing stock, from old to new and from smaller to larger. parts of the town have housing dating back to the early part of the 1900's and other parts of town have recent subdivisions. Part of what I like living here is that wide variety rather than just a cookie cutter look and feel as some area have. Keep up the good posts!
Renee - It's a good sign and will be interesting to see how it trends over the next few months.
Paul - It appears that we're starting to see some optimistic signs in the market. Well priced homes are being snapped by quickly and we're running into multiple offer situations in some instances.
Buyers and sellers should be aware of the trends in specific neighborhoods and not rely just on the general stats as they apply to this report.
BTW thanks for the reblog. :)