Trumbull CT Real Estate Market Weekly Update November 29, 2011

TRUMBULL CT HOMES: As of this morning, there are 202 homes thar actively on the market for an average of 101 days and they are listed at an average price of $437,486. The median list price in Trumbull is $361,950. The highest priced home in town is listed at $1,149,000 and the lowest priced home is available at $149,900.

Three bedroom homes comprise just over 41 percent of the available inventory and are listed on average at $356,939. Forty-two percent of all single family homes for sale have four bedrooms, and their average list price is $500,958.

This week, we saw seven new listings come on the market. One home came back on the market after being under deposit. There were seven properties that had a price change. There were three properties that went under the initial deposit stage, which we call CTS, and two properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average list price was $509,950 and their average market time was 147 days.

TOWNWIDE PENDINGS: There are 27 properties scheduled to close, and their average price is $417,462.

CLOSINGS:  There were six properties that were reported as sold in this past week, The average list price was $388,767 and their average time on the market was 96 days. There were 33 status changes in the last week.

TRUMBULL CT CONDOS: The median price of the 24 condominiums that are available in Trumbull is $327,450. These homes  have been  listed an average of 141 days, and have an average price of $377,655. The highest priced condo in Trumbull is listed at $649,900. The lowest priced home is $131,937.

One new listing  came on the market this week, and no homes came back on the market after being under deposit. No condominiums had a price change. In the last week, no condominiums  went into CTS status, and one property went into pending status.

TOWNWIDE PENDINGS: There are two properties scheduled to close, and their average price is $299,450. Their average market time was 98 days.

CLOSINGS: There was one closing  reported in the last week, and it was listed at $359,900.. There were six status changes.

RENTALS: If you are looking for a rent in town, there are 20 homes or apartments available, and they are listed at average price of $2,337 per month. These homes have been on the market approximately 59 days. The median price for a rental is $2,100 per month.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics.

If you have a question about buying or selling Real Estate in Trumbull, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy