Tag Archives: market statistics

New Haven County Market Trends Active vs. Sold 3/10-3/11

Take a look at the graph below for an interesting look at the real estate market in New Haven county from the past year.  This shows how many homes are on the market (single family homes and condos) each month and how many actually sold each month. 

 

I thought this graph was interesting because it shows how daunting it can be to sell a house today.  There is so much competition out there! For example, in March of this year 410 homes sold in New Haven county.  Not a bad number, but when you consider that’s not even 8% of the homes on the market in March it doesn’t sound terrific either.  

This is another reason why I stress to my seller-clients the importance of pricing your home correctly from the beginning.  Buyers are savvy and have done their homework.  They know what a home is generally worth and when it is priced accordingly the buyers in the market are interested in it.  Of course any home sale involves lots of negotiation, but you won’t get to that point if you can’t even get them in the door to look at your home because it is overpriced! The bottom line is that No Showings = No Offers. It’s pretty simple, actually.  And it’s amazing how the right price fixes lots of “perceived problems” a buyer may have with your home! 

If your home is currently on the market and is overpriced, a price reduction can do the same for you.  Sellers, don’t worry.  Buyers are not going to think something is wrong with your house if you lower your asking price (as I’ve heard from some clients in the past).  They will think you are motivated to sell it! 

Email me at sarah.guertin@cbmoves.com for more specific market stats on your CT town!

P.S. April stats should be out next week! Stay tuned!

Stat Sunday: New Haven County Market Report January 2011

Good News for Buyers!

Sales were down slightly last month in New Haven county when compared to January levels of the past two years.  There were 295 homes sold in New Haven County last month (single family homes and condos).  This is down nearly 30% from the 417 that were sold in January of 2010 and 42% lower than the 509 sales in December 2010.  Last month’s sales were at their lowest level compared to January of 2009 and 2010.   So all these stats don’t sound good for sellers, right?  Well, it’s not BAD for sellers, but it’s definitely better to be buying a house these days rather than selling one. 

I compiled market statistics for New Haven county for last month and have included the report here.  If you want market statistics for a specific Connecticut town please let me know.  I can research information like days on market, average sales price, selling price per square foot and much more.  Shoot me an email with your request and I’ll get you the stats right away.

Stat Sunday: New Haven County Market Report December 2010

Most people I know who are interested in Real Estate generally like to talk numbers. For them, and others like them, I’ve started, “Stat Sunday.” Each Sunday I’ll post some new markets statistics for your reading pleasure. 

This Sunday, I decided to start at home, with a Market Report jam packed with facts and figures on the real estate market here in New Haven County.  I figured I’d better get this report in before the calendar turned to February!

Let’s Talk Prices

The Median Sales Price in December was $210,700, up 5.4% from $199,900 in December of 2009 and up 12.4% from $187,500 last month. The Average Sales Price in December was $249,895, up 3.0% from $242,559 in December of 2009 and up 11.4% from $224,375 last month. December 2010 ASP was at a mid range compared to December of 2009 and 2008.

Want more statistics like Time on Market, List Price vs. Sold Price, etc? Click the link to read the full report in a .pdf file. New Haven County December 2010 

Contact Me If You’d Like Market Statistics On A Specific Town!

What’s In Store For 2011?

Will real estate sales pick up in 2011?  It’s tough to say.  I did some research on the number of single family home sales in a few towns in New Haven County via the Connecticut Multiple Listing Service (CTMLS) over the past few years and found some interesting numbers.  While the town of North Haven saw an increase in the number of single-family home sales last year for the first time since 2005, it wasn’t a big increase.  It definitely wasn’t big enough to say that the number of home sales will continue to rise thru 2011, but I’m a glass half-full kind of person so I’d like to think it will. 

In looking at Wallingford’s numbers, 2009 was better than 2008, but last year’s sales dipped below 2009’s levels.  Hamden, CT is still looking for a year over year increase in single family home sales; something the town hasn’t seen since 2005 when 702 units were sold.  That’s a long way off from the 397 homes that were bought in 2010. 

The numbers are interesting to look at, but Real Estate is a personal decision.   In general, with lower home prices and low interest rates now is a great time to buy a house.  Conversely as a seller, you might not get as much money for your home as you would have a few years ago, but you’ll be buying your next house at the lower market price; effectively making it a wash.  

Whether or not 2011 is a good year for you to buy or sell a home depends on your unique situation.  If you’re thinking about buying or selling real estate now or in the near future, the best thing to do is to talk to an experienced real estate agent.  He or she can give you specifics on what is going on in your area and advise you on your best options.

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