Real Estate in New Haven County: Ansonia, Beacon Falls, Bethany, Branford, Cheshire, Derby, East Haven, Guilford, Hamden, Madison, Meriden, Middlebury, Milford, Naugatuck, New Haven, North Branford, North Haven, Orange, Oxford, Prospect, Seymour, Southbury, Wallingford, Waterbury, West Haven, Wolcott, Woodbridge
There are currently 20 blog entries related to this category.
Tuesday, May 14th, 2013 at 9:20am. 53 Views, 0 Comments.
May 14, 2013, Wallingford, Connecticut: While the year is not even halfway over yet, so far 2013 seems to be a fairly stagnant year of short sales in Wallingford as short sales hover at just under 6% of market share - virtually unchanged from 2012. Of all residential sold inventory since 2008 (when the MLS required disclosure of potential short sales) sales of short sales as a share of the Wallingford market has continued to climb yearly:
Other recent Wallingford market reports also suggest no growth in sales or values, which certainly explains the continued pace of short sales in town as Wallingford homeowners continue to watch the values of their homes decline.
Tuesday, April 30th, 2013 at 7:52am. 98 Views, 0 Comments.
Meriden, CT Market Report - April 2013: The state of the Meriden real estate market today and a look back at the ten year trend. Today in Meriden we have 511 properties on the market listed at an average price of $170,035. So far this year 147 properties have sold at an average sales price average of $128,499 - The lowest average sales price in over 10 years. While sales prices in Meriden have fallen back down to 2003 levels in 2012 and seem to be continuing to fall so far in 2013, there is at least some refreshing news for Meriden homeowners when looking at the ten year trend in real estate sales:
While sales peaked at 1154 residential sales in 2005 and 6 years of declines have followed (except for a slight jump in 2009), 2012 saw a 20%…
Tuesday, April 2nd, 2013 at 8:37am. 96 Views, 0 Comments.
Wallingford, CT Market Report - April 2013: The state of the real estate market today and a look back at the ten year trend. Today in Wallingford we have 331 properties on the market listed at an average price of $294,739. So far this year 89 properties have sold at an average sales price average of $258,081. Should the trend of the first quarter continue, this would be the first year of sales price increases in Wallingford following several years of declines.
Real estate sales in Wallingford peaked at 662 residential sales in 2005 and have been on a downward slide since.
Unfortunately sales prices show a similar downward trend. Home sales prices in Wallingford peaked at an average of $290,255 in 2007 an have been slipping down…
7 months of needless torture with McCue Mortgage- an FHA short sale success story in Meriden, Connecticut
Thursday, March 28th, 2013 at 7:57am. 982 Views, 0 Comments.
McCue Mortgage strikes again! Never failing in their eternal effort to make every short sale a painstaking nightmare, McCue makes this Meriden, CT short seller pay dearly for trying to do the right thing and avoid foreclosure...
With employment lacking, this Meriden couple had employment opportunities several states away, but found themselves over $50,000 short to be able to sell their home. Looking to cut everyones losses they decided to short sell the home. The home was listed and immediately a short sale package headed to McCue on this FHA short sale.
Unfortunately McCue doesn't care about homeowners or saving money (perhaps because taxpayer funded FHA picks up he losses???), and a WHOPPING 6 months of McCue fumbling around followed. The two…
Tuesday, March 26th, 2013 at 8:05am. 226 Views, 0 Comments.
When this Hamden homeowner was forced to move for his job he unfortunately discovered his home had lost 35% of its value in the last 4 years...leaving a short sale as the only realistic option for selling the home. VA Loans are guaranteed by the U.S. Department of Veterans Affairs (VA), and have their own short sale program - known as a "compromise sale".
Our first buyer was secured quickly after going on market, but the buyer soon walked and we were back on market. It took two more months in the slow winter season to secure our second buyer. I have never known VA compromise sales to be particularly speedy and this was no exception. Several more months followed as Chase took their sweet time processing the VA short sale, until finally our short…
Tuesday, March 19th, 2013 at 7:49am. 95 Views, 0 Comments.
Cheshire, CT Market Report - March 2013: The state of the real estate market today and a look back at the ten year trend. Today in Cheshire we have 259 properties on the market listed at an average price of $393,433. So far this year 47 properties have sold at an average sales price average of $316,177. While the market this year has certainly had a slow start, there is at least some refreshing news for Cheshire homeowners when looking at the ten year trend in real estate sales:
While sales peaked at 423 residential sales in 2005 and a mostly downward trend has followed, 2012 saw a significant increase in sales from the lowest ten year point in 2011. This is indeed good news and perhaps a signal of more to come.
Tuesday, March 5th, 2013 at 8:28am. 101 Views, 0 Comments.
2012 was a slow year for home sellers in Wallingford, CT . 406 homes in Wallingford, CT sold in 2012 at an average price of $235,812, down slightly from 2011.
Should the trend continue, just 10% of current market inventory of 314 homes in Wallingford is expected to sell in any given month. Another telling figure is the amount of homes that expired in 2012. An expired home is a home that goes on market, but ultimately just does not sell at. In 2012, 213 homes in Wallingford expired unsold – leaving the odds of successfully selling at just 66%.
What does that mean to you as a Wallingford, CT home seller? If you are considering going on market, you will have to be very realistic about the value of your home if you wish to successfully sell. You…
Friday, February 8th, 2013 at 12:08pm. 74 Views, 0 Comments.
Wolcott is primarily a residential town located in New Haven County, Connecticut. Wolcott was founded in 1796 and was originally named Farmingbury.
This is a town that really needs to be visited to understand the feel and character of the community. It has a small rural town or “suburb” feel, but is hardly considered rural, as it is wedged between Southington and Waterbury. Wolcott is just a short ride to Hartford or New Haven as well as the convenience of a ten minute ride to I-84.
Part of the charm and small town feel of Wolcott is because of the commitment of the residents to keeping safe, clean neighborhoods for families a priority. Wolcott’s schools generally perform above the state averages on the Connecticut Mastery and…
Wednesday, February 6th, 2013 at 1:55pm. 94 Views, 0 Comments.
Hamden is a highly desirable town in New Haven County. The town has the charming nickname “The Land of the Sleeping Giant”, and that is not where the charm ends. This is such a great town with a pretty rare blend of urban and suburban lifestyles.
Hamden is a suburb of the city of New Haven. The town was settled in 1786 and was largely developed as a nodal collection of village like settlements (which remain distinct today), including Mount Carmel, Whitneyville, Spring Glen, West Woods and Highwood.
This town has a great location and is bordered by six other towns. Cheshire and Wallingford are located to its North, North Haven to its East, and New Haven to its South. To its West, you will find Woodbridge and Bethany. Hamden offers…
Friday, February 1st, 2013 at 8:26am. 106 Views, 0 Comments.
North Haven is a quaint little town in New Haven County, CT and sits on the outskirts of New Haven, Connecticut.
The six principal communities that make up North Haven are; North Haven Center, Clintonville, Montowese, Green Acres, Ridge Road and Quinnipiac.
North Haven has an interesting location. It’s very convenient to get to several major cities while still having the comfort of a suburb known for excellent public safety, great schools and a family friendly environment. North Haven is less than 10 miles from downtown New Haven and Yale University, as well as, from the Long Island Sound. Living in North Haven means that you have many conveniences being 27 miles South of Hartford, 76 miles Northeast of New York City, 80 miles West of…