Informative post from a local agent on the recent activity and market trends in the Hamden, CT real estate market.
Read on for more information.
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.
If you're thinking of buying a home in Hamden see Hamden real estate or sign up today to get access the hottest new listings here Hamden CT Homes,
Copyright © 2009 by Donna Bi.da, All Rights Reserved ...*Hamden CT Homes - Hamden Real Estate Market Report August 2009*
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About the author: Attorney Begemann is a member of the Connecticut Bar and practices real estate and business law in Connecticut. As an experienced real estate attorney he represents individuals and lenders in residential and commercial loan closings across Connecticut, including the purchase, sale and refinance of real estate.
Attorney Paul H. Begemann, 2764 Whitney Avenue, Hamden, CT 06518
Phone 203-230-8739 Fax 800-483-1904
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