Real Estate Market Update for Branford, CT

Video: Real Estate Community Tour for Branford, CT

See Real estate community tour for Branford, CT
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 20% from one year earlier, and down 6% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 350-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 13%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 230-thousand dollars. The number of units sold increased 28% year-over-year, and increased 67% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Branford, CT
Area Information for Branford, CT
  • Population: 28,181
  • Median Age: 46.5 yr
  • Median Commute Time: 20.66 mins
  • Educational Climate*: 5
  • Sales Tax: 6.35%
  • Population Density: 1,291/sq mi
  • Population Change Since 2000: -1.82%
  • Closest Airport: Tweed-new Haven
  • Closest College: Yale University-school Of Medicine
  • Closest Jr. College: Gateway Community College
  • Median Household Income: $71,374
  • Annual Residential Turnover: 13.04%
  • Median Years in Residence: 4.5 yr
  • Median Home Sales Price: $223,600
  • Closest Major Sports Team: New Britain Rock Cats
  • Change Avg. Household Income Since 2000: 23%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Branford, CT
Median Age: 46.5 Married: 38% Number of Households: 12,917 Households with Children: 2,908
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Branford, CT

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Branford High School 0.3 mi Public 9-12 3-5 4
      Mary R. Tisko School 0.5 mi Public PRESCHOOL-4 5 5
      Francis Walsh Intermediate School 0.9 mi Public 5-8 3 3
      John B. Sliney School 0.9 mi Public PRESCHOOL-4 3 4
      St Mary School 0.9 mi Catholic PRESCHOOL-8 0 4
      Mary T. Murphy School 1.3 mi Public PRESCHOOL-4 2 4
      Indian Neck School 1.3 mi Public PRESCHOOL-PRESCHOOL 0 0
      Shoreline School Of Montessori 2.5 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Branford, CT
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.