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redding

Redding's topography is dominated by three ridges, running north to south, with intervening valleys featuring steep slopes and rocky ledges in some sections. The highest elevation is about 830 feet above sea level, on Sunset Hill in the northeast part of the town; and the low elevation is about 290 feet above sea level at the Saugatuck Reservoir along the southern border.

Four streams flow south through Redding toward Long Island Sound: the Aspetuck River, the Little River, the Norwalk River and the Saugatuck River. The Saugatuck River flows through the Saugatuck Reservoir, Redding's largest body of water which stretches south into Weston. The reservoir was created in 1938 through the flooding of a portion of the Saugatuck River Valley.

Redding Lifecare, which in 2001 opened a retirement community called Meadow Ridge, was Redding's largest private-sector employer as of 2013 with 325 workers; and the largest property holder as ranked by property taxes paid, according to data published by the Connecticut Economic Resource Center (CERC). As of 2013, the town's next largest organizational taxpayers were Northeast Utilities subsidiary Connecticut Light & Power, which in 2015 became known as Eversource Energy; the Redding Country Club; and Aquarion Water Co. In 2013, 260 organizations in Redding employed 1,678 people, according to the most recent data posted by CERC. Retail sales tax revenue totaled $75.3 million from 433 entities that reported receipts, according to the Connecticut Department of Revenue Services.


info stats

LAST MONTH’S DATA COMPARED TO PREVIOUS TWO YEARS

  • The industry considers Median Sales Price a more accurate look at home prices than average because it eliminates the outliers that can skew data.

  • Low inventory (new & active listings) can lead to a sellers market, especially if pending & sold listings are up. The opposite, high inventory and low sales will lead to a buyers market.

  • Months of inventory reflects an estimate of the amount of time it would take to sell all of the current listings in a given area.  Six months is considered a ‘balanced’ market. Anything under 6 months is considered a sellers market and anything above is a buyers market.


market reports

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