Branford, Connecticut: Where life revolves around water

What you will pay The market moves so quickly these days that most homes are bought as soon as they are listed, Ms. Welch said. The tow...

The market moves so quickly these days that most homes are bought as soon as they are listed, Ms. Welch said. The town is particularly popular with Yale University employees, about 20 minutes away.

“I listed five houses last week,” she said, referring to the last week of August. “All four are on deposit, and I get an offer today for the fifth.”

As of August 30, the median selling price of a single-family home was $ 407,000, up from $ 375,000 in 2020, according to data provided by Ms. Welch. That median price typically buys a colonial-style three-bedroom, two-and-a-half-bath house in a cul-de-sac, she said.

At the end of August, around 65 single-family homes were put up for sale. The cheapest, at $ 199,900, was an 870-square-foot two-bedroom Cape within walking distance of downtown. The most expensive, at $ 4.9 million, was a farm property in the Stony Creek area, with a seven-bedroom house and four plots totaling 63 acres.

Mr Piscitelli, the agent for Coldwell Banker, said the average list price for the Branford waterfront properties he specializes in is around $ 1.4 million. This market has been the busiest for at least a decade, he said, with so many shoppers “coming from the metro area in search of waterside retreats.”

Branford has some 3,600 condominiums spread across 49 complexes, most of them in the city’s northwest, Welch said. The median selling price of a two-bedroom condominium is around $ 200,000, up from $ 183,000 in 2020. The eight units listed at the end of August were selling for between $ 199,000 and $ 349,900.

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Newsrust - US Top News: Branford, Connecticut: Where life revolves around water
Branford, Connecticut: Where life revolves around water
Newsrust - US Top News
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