Mumford Cove Real Estate Agent Greg BroadbentMumford Cove real estate statistics show that Mumford Cove is still recovering from the lows of the real estate market.  The data shows that there are currently 6 homes actively for sale.  The high list price is currently $2m and the low is $680k.  The average remains above the million dollar mark with the median just a little lower ($1.21m, $1.12m).  I don’t personally like the active days on the market statistics when it comes to waterfront communities because many of the homes are taken off the market for the winter months.  A home that may have been on the market for 3 years may only show 60 days on the market.  That being said, the current average active days on the market for Mumford Cove Real Estate is 142 and the median is 69 days.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 5 4.2 4,663 $2,000,000 $450.19 $0 $0 0% 330
Low 3 2.1 2,108 $680,000 $281.63 $0 $0 0% 26
Average 4 2.83 3,353 $1,210,500 $357.37 $0 $0 0% 142
Median 4 2.75 3,201 $1,122,000 $343.13 $0 $0 0% 69

 

There is only one home under deposit within Mumford Cove.  With a list price of $444,900 it is in the lower end of the Mumford Cove price range and a more entry level home.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 3 3 1,796 $444,900 $247.72 $0 $0 0% 24
Low 3 3 1,796 $444,900 $247.72 $0 $0 0% 24
Average 3 3 1,796 $444,900 $247.72 $0 $0 0% 24
Median 3 3 1,796 $444,900 $247.72 $0 $0 0% 24

 

The real estate market isn’t completely dead.  Over the last 12 months, 3 houses have sold, with prices hovering in the middle range of $515k up to $825k and an average of $828k.  Active days on the market average 115 days with the median significantly lower at 38 days.  The list price to sales price ratio, or the percentage of the list price that the home actually sold for, averaged 85% with a median higher at 90%.  This leaves a lot of room for negotiation or requires a motivated seller.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 4 3.5 3,486 $1,200,000 $678.73 $825,000 $466.63 96.5% 273
Low 4 2 1,768 $569,000 $163.22 $515,000 $147.73 68.8% 35
Average 4 2.83 2,907 $828,000 $349.4 $676,667 $271.13 85.27% 115
Median 4 3 3,467 $715,000 $206.23 $690,000 $199.02 90.5% 38

 

Mumford Cove Club remains one of the nicest beach and waterfront communities on the Connecticut coast.  If you are looking for a Mumford Cove Realtor and would like to know more about waterfront homes and beach associations, give us a call or contact us online today.  We look forward to helping you find just the right community for you.

The following statistics are based on the CTMLS as of 7/28/2014.  For updated statistics please review our community page and scroll down to Mumford Cove Statistics.