Coastal Connecticut Market Summary | August 2024
As we delve into the Coastal Connecticut real estate landscape for August 2024, the market exhibits promising trends, particularly in the luxury sector. This post will explore the current market report’s insights and why partnering with Steve Schappert at Connecticut Real Estate Brokerage LLC can be your best decision in navigating this dynamic environment.
Key Highlights from the August 2024 Market Report
Luxury Inventory vs. Sales
- Total Inventory: 504 homes
- Total Sales: 234 homes
- Sales Ratio: 46%, indicating a Seller’s Market.
- Luxury Benchmark Price: $1,100,000
Median Data Overview
- Median Luxury Sales Price: $1,701,000
- Homes sold for a median of 100.05% of the list price, showcasing strong demand.
- Most Active Price Band: $1,100,000 – $1,199,999, with a robust 76% sales ratio.
- Homes moved quickly, with a median of 16 days on the market, down from 24 days in August 2023.
Coastal Connecticut Market Trends
- Total Inventory: 484 homes (up 4% from August 2023)
- Total Sales: 234 homes (up 2%)
- Median Sales Price: $1.68 million (up 2%)
- Days on Market: 16 days (down from 24 days in August 2023)
- Sale to List Price Ratio: 100.05%, indicating buyers are paying close to or above asking prices.
The Value of Working with Steve Schappert
Navigating the luxury real estate market requires a trusted expert by your side. Here’s why working with Steve Schappert can enhance your real estate journey:
- Extensive Market Knowledge: Steve’s deep understanding of the Coastal Connecticut market enables him to provide valuable insights and strategies tailored to your unique needs, whether you’re buying or selling.
- Proven Track Record: With years of experience in the luxury segment, Steve has successfully guided clients through transactions, leveraging his negotiation skills to secure the best possible outcomes.
- Personalized Approach: Every client receives tailored attention. Steve takes the time to understand your goals and challenges, ensuring a smooth and informed real estate experience.
- Innovative Marketing Techniques: Utilizing cutting-edge marketing strategies, Steve maximizes your property’s exposure, reaching potential buyers effectively and efficiently.
Take Action Today!
The current Coastal Connecticut luxury market is thriving, and there’s no better time to make your move. Whether you’re looking to buy your dream home or sell your property at top dollar, Steve Schappert is here to help you every step of the way.
Contact Steve Schappert today at Connecticut Real Estate Brokerage LLC to leverage his expertise and take advantage of the market’s potential. Let him help you navigate the complexities of real estate with confidence.
Call us at 203-994-3950 to schedule your consultation. Your dream home or profitable sale is just a call away—don’t wait to make your real estate goals a reality!