[jesse_f]

Originally Posted by JayCT

I am truly amazed at the home prices being paid in Fairfield these days. I have been following the market there for a couple of years and noticed that prices have noticeably gone up in the past couple of months and sales seem to be increasing. We will see. Jay

See back to my earlier comment re: Fairfield being the sweet spot for people moving from NYC, Westchester, and Stamford. Jesse doesn't lie :-)

[Raider111]

Originally Posted by Lintu

Homes are absolutely flying off the market. The one we bought was on the market for a week. I just saw one go under contract on its second day.

I just posted these results in the Wilton thread regarding current FC listings by town (per Listingbook).
There are currently over 80 homes in Fairfield under contract, however a whopping 500 total on the market, far more than any other city/town in the county.

[Mike 75]

I'm pretty surprised at the lack of activity in Westport, New Canaan and Greenwich. I was thinking that prices were too high, but Darien seems to be doing just fine.

[Mr_250]

Originally Posted by Raider111

I just posted these results in the Wilton thread regarding current FC listings by town (per Listingbook).
There are currently over 80 homes in Fairfield under contract, however a whopping 500 total on the market, far more than any other city/town in the county.

Do you have this for other Towns/Counties? I'm interested to see what Hartford looks like.

I noticed in my town (just doing some snooping on Realtor) is that a lot of homes that were put on the market in 2012-2013 and didn't sell are back on the market for 10-20% less. Which is understandable, but a lot of homes are priced below their 2012 purchase price.

[Raider111]

Originally Posted by Mr_250

Do you have this for other Towns/Counties? I'm interested to see what Hartford looks like.

I noticed in my town (just doing some snooping on Realtor) is that a lot of homes that were put on the market in 2012-2013 and didn't sell are back on the market for 10-20% less. Which is understandable, but a lot of homes are priced below their 2012 purchase price.

Sorry, only have access for Fairfield County

[HeadedWest]

Here's the pricing graph for Newtown:

[newerabuzz]

In an economic recovery, housing prices usually do not rise for several years. We gained many jobs in Connecticut, 1997-98- but housing prices did not begin to rise until 2002. Prices peaked in 2007, just before the onset of the 'Great Recession'. In Connecticut however prices where not as out of control as they where in the late 1980s- mainly because of demographic differences. And while housing prices where high in the state in 2007, prices where still more restrained in their rise then in California, Nevada, AZ Florida and other states.

[Mr_250]

Homes sales surged 14% in Connecticut!! That is incredible.

Connecticut Home Sale Report Mixed For February - Hartford Courant

Prices declines 5% but the fact that home sales have surged so much is a positive sign.

[FutureTown]

Wow, Newtown crossed 400k for median prices this year? I'm appalled, lol!

[BPt111]

WFSB



As tax season prepares to wrap up, a new survey said Connecticut has one of the highest real estate and vehicle property taxes in the country.
The website WalletHub.com ranked Connecticut at 46 for real estate taxes 47 for vehicle property taxes.
The site surveyed all 50 states and the District of Columbia.
In its report, WalletHub said on average, a Connecticut resident pays $3,301 in real estate taxes. Only Texas, Wisconsin, New Hampshire, Illinois and New Jersey are higher.
Hawaii and Alabama have the lowest.
The average vehicle owner in the state shells out $630. Drivers in Mississippi, Kansas, Virginia and Rhode Island pay more. Alaska and Texas tied for the lowest.
WalletHub said the average American household spends $2,089 on real estate property taxes each year. They also tack on another $423 for vehicle property taxes.
As a result, roughly $15 billion worth of homes are foreclosed upon due to tax delinquencies, according to a 2012 study by the National Tax Lien Association.
WalletHub said in addition to researching taxes, it also consulted a panel of leading property tax experts for insights.


As tax season wraps, CT remains among the highest - WFSB 3 Connecticut

2015’s States with the Highest and Lowest Property Taxes | WalletHub®