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Orange CT Market Report for August 2007
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Orange CT
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August 2007 Closed Sales |
Avg. SqFT |
Avg. Price Sold |
Minimum |
Maximum |
Median |
DOM
AVG. |
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1 Bedroom Home |
0 |
|
|
|
|
|
|
|
2 Bedroom Home |
3 |
1,042 |
202,833 |
19,500 |
319,900 |
299,900 |
103 |
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3 Bedroom Home |
5 |
1,693 |
396,780 |
327,000 |
524,900 |
365,000 |
29 |
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4 Bedroom Home & up |
3 |
2,624 |
637,500 |
425,000 |
930,000 |
557,500 |
95 |
In the two bedrooms home category a Mobile Home on the Post Road which sold for 19,000 brought the average down.
There are currently 81 Single Family Homes Active in Orange CT at this time (9/6/07) 21 of these were new listings in August 2007
14 Homes Expired in Orange in August 2007
11 Homes closed in Orange in August 2007
The Average Sales price for the month of August is down to 425,618 from the July average of 458,807, but again the 19,000 dollar sale will bring this down for the month.
Total Listings Closed in August: 11
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Located in New Haven County, Connecticut, Orange is a small town that sits north of Interstate 95. The town is rural and suburban and there is a constant struggle over additional suburban development. However, Orange is moving right along, and despite the desire by many to reduce urbanization, Orange, Connecticut is growing slowly but surely.
History of Orange, Connecticut
The town is named after the Prince of Orange who was King William III. Originally, the Paguesset people lived in the area of this small town. However, it was settled by English colonists and was just a district of Milford. Growth continued and then in 1921 another split occurred. This time West Haven split off from the city of Orange and what was left was very rural. It took some time, but Orange began growing once again and urbanizing.
Roads played a big role in the growth of Orange, Connecticut. Boston Road Post, which is Route 1, and the Derby Turnpike, Route 34, were the early roads. Then a railroad ran through the town, which was followed by a trolley. Afterwards larger highways like the Wilbur Cross Parkway and Interstate 95 came through and led the way for more roads and new development.
Orange Real Estate
Orange, Connecticut real estate really peaked in 2002 when 60 single family home permits were issued at an average price of $247,200. After that the number of permits issued began decreasing each year. In 2003 only 19 permits were issued at an average cost of $224,800. The year 2004 saw 10 permits at an average of $219,000, and in 2005 seven permits were issued at an average cost of $298,000. Although the number of homes built has gone down over the last few years, the average price of Orange real estate has gone up significantly.
Nearby Towns
Buying Orange real estate is a great idea if you enjoy a small town atmosphere yet want all the comforts of the big city. The closest big city is West Haven at only four miles away. However, if you need an even bigger city atmosphere, Brookhaven, New York is only 35 miles away. The biggest city of them all, New York, New York, is just 73 miles away. Smaller neighboring towns to Orange include Milford, Woodmont, and Derby.
Education
Students in Orange, Connecticut attend Amity High School, which is shared by nearby Woodbridge and Bethany. The public primary and middle schools located in Orange included Peck Place School, Race Brook School, Turkey Hill School, Mary L. Tracy School, and Homebound.
Closeby universities include the University of New Haven, Southern Connecticut State University, Gateway Community College, Yale University, Sacred Heart University, Fairfield University, and Quinnipiac University.
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