New Haven CT Real Estate Market Statistics 2000-2011

By
Real Estate Agent with RE/MAX Alliance 0754296

New Haven CT Real Estate Market Statistics 2000-2011


It was an interesting exercise today reviewing the New Haven CT real estate market statistics and watching how the sales trends have changed over the past 10 years.  

Back in 2000 the average list price was $136,174, the average sales price was $130,237 and the median sales price was $105,000.  When we reached the height of the market in 2006 the average sales price had gone up dramatically and was at a whopping $277,495.  The average sales price had gone up to $267,034 and the median sales price was $228,140.

As the housing bubble burst the market started it spiral downward and by the end of 2010 the average list price had gone down to $219,572, the average sales price was $207,829 and the average median sales price was $165,000. 

Short sales, foreclosure and bank owned sales continue to be a factor in the decline of prices in some pockets of the New Haven real estate market.  If you are planning on putting your home on the market, it is important to know what the trends are in your neighborhood.

To date the average list price is $204,876, the average sales price is $194,521 and the median sales price is $160,000.

New Haven CT Real Estate Market Statistics

The number of sales over the course of the past ten years was in the low to mid 400's from 2001 to 2006 and then tapered off dramatically from 2007 through 2010 to the low to mid 300's.  To date there have been a total of 193 sales in New Haven as we end the final quarter of the year.

New Haven CT  Real Estate Total Sales 2000-2011

With the historically low interest rates we're seeing right now and almost two thirds of the currently inventory in New Haven  priced under $200,000 it provides a great buying opportunity for first time buyers in today's New Haven real estate market.

 

Donna Bigda REALTOR®
RE/MAX Alliance
203-645-7467
 
 
 
 
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Copyright © 2011 by Donna Bigda, All Rights Reserved ...*New Haven CT Real Estate Market Statistics 2000-2011*

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Jeff Dowler CRS
Solutions Real Estate - Carlsbad, CA
Carlsbad CA Homes for Sale (760) 840-1360

Donna

Nice summary of the market and shifts over the last decade. It seems pretty consistent that many areas' prices are back to around 2003, which is true here as well.

Jeff

Oct 02, 2011 09:41 PM #1
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Donna Bigda
RE/MAX Alliance - Branford, CT
Greater New Haven CT Real Estate

Jeff - Nice to know that the west coast is seeing similar pricing trends.  What have you seen as far as number of sales now as compared a few years ago?  Are they up or down?

Oct 02, 2011 09:52 PM #2
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Donna it is always a good exercise to look back at the market performance.  Your graph of the New Haven real estate market is a nice visual presentation.

Oct 03, 2011 04:36 PM #3
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - Middletown, CT
Your Connecticut Mortgage Expert

Donna that is interesting.  If I had been asked before reading your market report what the change might be over that time period, I would have probably have guessed a larger decrease.

Oct 03, 2011 06:36 PM #4
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Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Donna - Great information!  I love how you went all the way back to 2000, it really paints a pictures of what's been going on.

Oct 05, 2011 12:53 PM #5
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Adam Malachi
RLO Millennium Real Estate and Mortgage. - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Great post! Excellent information’s! Nice graphics work!

Thanks for sharing,

Adam

Oct 08, 2011 09:24 PM #6
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Kim & Kristine Halverson
www.KimAndKristine.com, Santa Monica Real Estate :) - Santa Monica, CA
Realtors, Santa Monica Real Estate, CA

Donna-This is a great report.You really made it clear for us to understand the market in your area.Very clear to understand.Best of luck to you ,you're one talented New Haven Short Sale Agent.

Apr 12, 2012 11:21 AM #16
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Petra Norris
CDV TransAtlantic, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Donna,detailed and well presented market report here.Good job! You're definitely an expert New Haven Short Sale Agent.Best wishes! 

Jul 17, 2012 02:39 PM #18
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Nestor & Katerina Gasset
International Properties and Investments LLC - Wellington, FL
Realtors, Wellington Florida Homes For Sale
Donna,excellent presentation here of New Haven CT Real Estate Market Statistics 2000-2011.Great job in always updating us.Stay an expert New Haven Short Sale Agent.Best of luck on your career.
Sep 04, 2012 05:27 AM #19
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