Connecticut Home Sales Continue to Fall in Third Quarter, The Warren Group Reports.Single-Family Home Sales Drop 20.3 Percent While Condos Fall 14.2 Percent; Fairfield County Fairfield County is the name of three counties in the United States:
BOSTON -- Connecticut statewide sales of single-family homes continued their downward slide in the third quarter, falling more than 20 percent compared with the third quarter of 2005. Sales prices remained steady, dropping less than 1 percent, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report released today by The Warren Group, the premier provider of real estate and financial data throughout New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . According to statistics issued by The Warren Group, 10,730 single-family homes sold in the third quarter of 2006, down 20.3 percent from 13,462 sales in the comparable period of 2005. Meanwhile, the median sale price of single-family homes decreased by 0.9 percent to $285,000 for the three months ending Sept. 30, 2006, down from $287,500 in the same months last year. The report is chronicled in the latest edition of The Commercial Record, a publication of The Warren Group that covers real estate and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. trends in Connecticut. Connecticut's 20 percent third-quarter, single-family home sales drop followed a 13 percent decline in the second quarter of 2006, an 11.2 percent decline in the first quarter of 2006, and a 14 percent decline in the fourth quarter of 2005. All sets of figures are compared with equivalent prior-year periods. The state's condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. also fell during the third quarter. After suffering a 5.3 percent dip in the first quarter and an 11.6 percent decline in the second quarter, condominium sales fell by 14.2 percent in the third quarter. Median condominium sale prices increased 2.6 percent to $195,000 in the same three-month period. Timothy Warren Jr., CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The Warren Group, said that Connecticut's third-quarter numbers reflect the continuation of a mild correction occurring in the market. "The state is experiencing slowing unit sales and modest price declines," said Warren. "As we've seen during the past several quarters, the Connecticut housing market is going through a mild housing correction. "Connecticut's third-quarter results are really in keeping with what The Warren Group projected in the summer," Warren added. "We expected single-family home prices to fall slightly in the third quarter, and that is what has happened here. As we look to the future, we still believe that sale prices will level off in 2007." For the third straight quarter, New Haven New Haven, city (1990 pop. 130,474), New Haven co., S Conn., a port of entry where the Quinnipiac and other small rivers enter Long Island Sound; inc. 1784. Firearms and ammunition, clocks and watches, tools, rubber and paper products, and textiles are among the many County registered the state's largest median price increase in single-family home sales. The county's median sale price rose 6 percent to $265,000, while Litchfield County's again trailed the pack, dropping 8.4 percent to $242,700. Other counties saw prices rise between 1 percent and 4 percent. Each of Connecticut's eight counties saw single-family home sales fall during the quarter, with Fairfield's 29.8 percent drop being the largest and New London's 11.8 percent drop the smallest. Meanwhile, Middlesex and Tolland, 0.9 percent and 15.5 percent respectively, were the only two counties to post condominium sales increases during the quarter. Windham County Windham County is the name of two counties in the United States:
A number of Connecticut counties posted condominium median sale price increases, including Hartford (0.6 percent), Litchfield (10.7 percent), Middlesex (12.4 percent), New Haven (4.3 percent), and New London New London, city (1990 pop. 24,540), New London co., SE Conn., on the Thames River near its mouth on Long Island Sound; laid out 1646 by John Winthrop, inc. 1784. (10.0 percent). Tolland County's 21 percent increase Co to $169,450 from $140,000 Co was the largest. A full story about Connecticut's first-quarter home sales appears in the Dec. 1 edition of The Commercial Record. For the full chart detailing median prices and sales figures sales figures npl → cifras fpl de ventas for each county in Connecticut, please contact Mike O'Connell Michael Thomas O'Connell (born November 25, 1955 in Chicago, Illinois) is a former professional ice hockey player and general manager. He played 860 NHL regular season games between 1977 and 1990 and later served as the general manager of the Boston Bruins from 2000 until 2006. at PAN Communications at (978) 474-1900 or at thewarrengroup@pancomm.com. About The Warren Group The Warren Group, based in Boston, is the publisher of Banker & Tradesman, The Commercial Record and a series of association publications. As the premier provider of real estate data in New England, The Warren Group offers a range of real estate products and services for professionals and consumers searching for real estate and financial information. For more information about The Warren Group, please visit www.thewarrengroup.com or call (617) 428-5100. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion