Branford Homes for Sale and Sold Market Report December 2013
Real estate market data for Branford CT provided by Jamie Dumaine-Russell of RE/MAX Alliance.
Understanding the general direction of the current Branford Connecticut 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 New Haven.
There are currently 141 homes for sale in Branford ranging in price from $69,900 for a 2 bedroom ranch near the beach to $6,500,000 for an exquisite 10 room, 4 bedroom Victorian overlooking the Thimble Islands.
In the month of December 2013 there were 13 homes that closed which is a decrease of 8 home as there were 21 homes that closed in December 2012.
The average sales prices of the Branford homes sold in December 2013 was $383,077 with an average 139 days on the market versus $274,140 for those sold in December 2012 with an average 75 days on the market.
The median sales price for December 2013 was $307,500.
The median sales price for December 2012 was 260.000.
For the month of December 5 homes went under contract in Branford. The average list price of the homes that went under contract was $354,740 with an average of 141 days on the market.
In reviewing this market data the real estate market in Branford has remained fairly stable over the past year and sales prices are starting to increase. Over the past few months with the exception of November 2013 we are seeing a trend of listing price increases on home prices in Branford and would expect this to continue into the new year. If you are considering buying a home you can still find deals on a house in Branford but having a good real estate agent who understands the market is a must.
Interest rates are still low so don’t wait too long on the sidelines; many listings when priced correctly are starting to sell within a few days of hitting the market. As you can see from the graph above listings are not exactly selling for asking price. To make sure you don’t overpay for your home, you’ll want to have an agent that does a thorough market analysis of the Branford home on which you are making an offer.
This report represents an overall broad spectrum of the Branford real estate market. If you’re considering buying or selling it’s important to understand that pricing trends can vary from neighborhood to neighborhood.
The data for the Branford Homes For Sale and sold market report for December 2013 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).