Real State

Branford, Conn.: Where Life Revolves Around the Water

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

“I listed five homes last week,” she said, referring to the last week of August. “All four are under deposit, and I’m getting an offer today on the fifth.”

As of Aug. 30, the median sale price for 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 three-bedroom, two-and-a-half-bathroom colonial-style home on a cul-de-sac, she said.

In late August, about 65 single-family homes were listed for sale. The least expensive, 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 parcels totaling 63 acres.

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

Branford has some 3,600 condominiums distributed among 49 complexes, most in the northwestern end of town, Ms. Welch said. The median sale price for a two-bedroom condominium is around $200,000, up from $183,000 in 2020. The eight units listed as of the end of August were priced from $199,000 to $349,900.

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