March 12, 2019

man with foreclosure letter

West Haven, CT Real Estate Market Report: Like much of the state, West Haven has enjoyed rising home values for the last few years in a row. 2019 is starting off strong, but surprisingly sales of foreclosed homes rose sharply with the start of the new year!

West Haven median home sales prices are off to a good start, at a 5 year high of $195,000:

graph of riding home ale prices in west haven

Surprisingly, the rate of distress sales also sharply climbed so far  in 2019, with short sales remaining at 2% of all sold homes, but foreclosures jumping to 24%:

graph of west haven short sales and foreclosures

Even in today's improving market, one in every four home sales in West Haven is still a foreclosure or short sale.

Recovery in West Haven has been very slow, still leaving many with negative equity. There are options for those who need to sell, but still owe more than their homes are worth.

Last Updated on March 12, 2019 by Minna Reid

About the author 

Minna Reid

Minna Reid is The Broker - Owner of Reid Real Estate Group. Reid Real Estate Group is a full-service Connecticut residential real estate brokerage, specializing in helping homeowners with legal and financial challenges including short sales, probate sales and tax lien complications.

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