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.
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.
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.
Copyright © 2011 by Donna Bigda, All Rights Reserved ...*New Haven CT Real Estate Market Statistics 2000-2011*