Donna Springer

Hi,

Here is a website that may help. http://www.crec.org/magnetschools/schools/index.php

Good Luck. - Mon May 5 2008, 17:24

Sorry my crystal ball was recalled but I will be happy to share what I know based on Multiple Listing Service statistics.

CLINTON:
In April 2007 there were 14 homes that sold with an avg. DOM (days on Market) of 122 days. The highest sales price was $535,000 and the avg was $278,828. In April 2008, 13 homes sold. The average DOM was 60 Days (seems to be picking up) and the highest sales price was $895,000. The average sales price was $333,808. In April, 2007 average List Price was $467,730 and now in 2008 the avg. LP is $586,000. So Clinton seems to becoming more active.
GUILFORD:
In April 2007, 17 Homes sold and the avg. DOM was 63 days. The highest sales price was $1,050,000 and the average sales price was $517,168. Now in April 2008, 15 homes sold with an avg. DOM of 130 Days (quite a spike). The highest sales price was $1,200,000 and the average sales price was $481,227.
In April 2007, there were 67 homes listed with the average List Price at $617,299 and the most expensive home listed was at $2,395,000. Now, in April 2008, 53 homes were listed with the highest home listed at $1,3750,000 and the average home listed at $1,129,608. So the Guilford real estate market has taken a dip but is still a great town for someone looking for shoreline living.
MADISON:
In April 2007, 20 homes were sold with the highest sales of $3,000,000 and the average sales price of $687,727. DOM average 98 days. In April 2008, the highest sale price was $825,000 and the average sales price was $505,000 with the average days on market at 122.
There were 47 homes listed in April 2007 with the highest list price of $2,395,000 and the average list price at $$754,225. Average DOM was 47. Now in April 2008, 61 homes were listed and the highest list price was $4,250,000 and the average List Price was $506,998. Average DOM was 61.
So homes there are a few more homes on the market but they are moving quicker and the average price is basically unchanged.
Prices in Connecticut have softened but no where near the rates of California, Arizona, Florida or Nevada. In fact, in some counties the prices of homes from 2006-2007 remained relatively unchanged although the volume of sales dipped (according to The Commercial Record) The height of the mortgage meltdown in the last quarter 2007, caused most buyers to step back and financial institutions to retract and rethink mortgage offerings. Now, partly due to the cyclical nature of real estate (Spring Market) the pace of home sales is picking up and I believe (foregoing any unforeseen world or national calamity) that the results for sales in this 2nd quarter will show signs of life returning to the real estate market. If you would like additional information or have any questions, feel free to contact me at info@CTHomeConsultant.com - Thu May 1 2008, 17:53