Understanding the general direction of the current Guilford CT 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 Guilford.
There are currently 174 homes for sale in Guilford ranging in price from $205,000 to $6,750,000.
In the month of February 2009 there were
fourteen homes that closed which is an increase of three homes as there
were eleven homes that closed in February 2008.
The average sales prices of the homes sold in February 2009 was $422,914 versus $703,127 for those sold in February 2008.
Median sales price for February 2009 was $397,450 with an average 108 days on the market.
Median sales price for February 2008 was $662,500 with av average 124 days on the market.
Below is a summary of the Guilford CT real estate market that provides a more in depth view of market conditions over the past twelve months.
The following charts are an overview of
the market statistics in Guilford CT between January -December 2007 and
January -Decmeber 2008.
For the period of January - December 2007
there were 274 homes sold with an average sales price of $599,070, a
median sales price of $452,750 and an average days on market of 78 days.
For the period of January - Decmeber 2008
there were 205 home sold with an average sales price of $559,137, a
median sales price of $408,000 and an average days on market of 102
days.
The average list to sale price ratio for January - December 2007 was 95% and for January - December 2008 was 94%.
The average days on market for January -December 2007 was 78 days and for January - December 2008 it was 105 days.
In reviewing this comparison of year to
year market data, there has been a significant decrease in the average
sales price and average median sales price indicating a continued
weakness in the real estate market. The number of homes sold went
down considerably year over year while the average days on market has
been rising. The average list price to sales price year to year has
remained relatively flat.
The data for the Guilford CT real estate market report for February 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).
Homes For Sale in Guilford CT by Price Range
$10,000 to $250,000
250,000 to $500,000
$500,000 to $700,000
$700,000 to $1,000,000
$1,000,000+
If you're considering selling your Guilford 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, 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 and the rest of shoreline area in New Haven County Connecticut.
If you're thinking about buying a home in Guilford 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 Guilford CT real estate homes or condos, see Guilford CT real estate or sign up today to get access the hottest new listings here Guilford CT homes and condos.
Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Guilford CT Real Estate - Guilford CT Market Report for February 2009*