here’s where the wealthiest connecticut residents moved in the pandemic

/
here’s where the wealthiest connecticut residents moved in the pandemic

In Connecticut, the wealthiest movers on average came from Fairfield County and moved to Palm Beach County, Fla. Palm Beach County is home to popular coastal cities like Palm Beach, West Palm Beach and Boca Raton. The data showed that 418 different families totaling 778 people filed their 2019 taxes in Fairfield County and their 2020 taxes in Palm Beach County. That means over $327 million in income moved from Connecticut down to Florida, making the average income per person just over $421,000.

Read More

fairfield county’s Q2 housing market records easing in sales price acceleration

/
fairfield county’s Q2 housing market records easing in sales price acceleration

The average sales price for a Fairfield County residence in the second quarter was $970,396, up by 18.6% from the $818,477 price in the first quarter and up 2.4% from the $947,230 price from one year earlier. The second quarter’s median sales price of $600,000 was up by 22.4% from the first quarter’s $490,000 and up 5.3% from the $570,000 in the second quarter of 2021.

Read More

ct offers up to $25,000 in homeowners' assistance to 1st-time home buyers in this city

/
ct offers up to $25,000 in homeowners' assistance to 1st-time home buyers in this city

A new state program in Connecticut is helping residents achieve their dreams of being first-time homebuyers by providing up to a $25,000 forgivable loan for down payment assistance in purchasing a home in Bridgeport.

Read More

cities with the fastest-growing home prices in connecticut

/
cities with the fastest-growing home prices in connecticut

In Connecticut’s collegiate New Haven, where the median asking price for a home rose significantly over the Stacker compiled a list of cities with the fastest-growing home prices in Connecticut using real estate data from Zillow.

Read More

homes for sale in westchester and connecticut

/
homes for sale in westchester and connecticut

In Weston, Conn.: a three-bedroom, four-and-a-half-bath, 5,864-square-foot home with three fireplaces, a living room and dining room that have two-story windows and attractive wood ceilings, a new kitchen, a family room with a wall of windows, a primary suite that has a large bath with heated floors, a finished lower level that has a second family room, office and gym, a detached two-car garage, a heated in-ground pool with a stone patio, and a tennis court, on 5.36 acres.

Read More

the odds of a home price correction just spiked—this interactive chart shows if your local housing market is at risk

/
the odds of a home price correction just spiked—this interactive chart shows if your local housing market is at risk

We're already seeing the U.S. housing market slow down in the face of spiking mortgage rates. Mortgage applications are declining, fewer listings are getting multiple offers, and inventory levels are rising again. However, that's a deceleration—meaning prices are going up at a more modest rate—not a price correction.

Read More

in one town, 50 offers for a house — but CT real estate bidding wars finally flattening

/
in one town, 50 offers for a house — but CT real estate bidding wars finally flattening

As Connecticut’s spring real estate market nears the finish line, in some towns half of the houses sold in May went to contract in five days or less — and in a few select locales, in the span of a weekend.

Read More

fairfield county home listings fall to record lows

/
fairfield county home listings fall to record lows

In Fairfield County, single-family listings have dropped to their lowest level on record, according to appraisal firm Miller Samuel for Douglas Elliman. Listing inventory in the quarter was 898 homes, a 46.4 percent drop from the third quarter and a 38.8 percent drop year-over-year, marking the fastest-moving market in 17 years.

Read More

deep dive: where things stand now for real estate in connecticut heading into 2022

/
deep dive: where things stand now for real estate in connecticut heading into 2022

"Real estate prices climbed across the country up 20% year over year but especially in some markets," says Caleb Silver with Investopedia. "In Connecticut, we saw Litchfield County up at 20.8% just above the national average but as you go down state, New Haven up 17.8%, Fairfield 16.4% and Hartford only up 15.5% year over year."

Read More