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Old 05-06-2014, 12:38 PM
 
Location: Texas
2,394 posts, read 3,103,155 times
Reputation: 1380

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Quote:
Originally Posted by SeaDoo342 View Post
Thats not true and is a major exaggeration.
Not typical probably, but if that $400K number was a 2006 price, it could happen.
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Old 05-06-2014, 12:49 PM
 
Location: Coastal Connecticut
13,116 posts, read 15,679,009 times
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Quote:
Originally Posted by SeaDoo342 View Post
Thats not true and is a major exaggeration.
It's not exagerrated.

Example:

62 Birch Hill Rd, Newtown, CT 06470 - Zillow
Sold for $285,000
Peak Zestimate in 2006 $521,000
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Old 05-06-2014, 12:50 PM
 
1,710 posts, read 1,024,301 times
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Quote:
Originally Posted by HeadedWest View Post
Not typical probably, but if that $400K number was a 2006 price, it could happen.
Depends on the house, but even in 2006 I don't think there would be a $150,000 difference in a house. I'm not an expert but I still find it to be over the top..
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Old 05-06-2014, 12:54 PM
 
1,710 posts, read 1,024,301 times
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Quote:
Originally Posted by Stylo View Post
It's not exagerrated.

Example:

62 Birch Hill Rd, Newtown, CT 06470 - Zillow
Sold for $285,000
Peak Zestimate in 2006 $521,000

Nah, if you look at the house there are major ups and downs in its value. That could mean anything...subdividing, major work, all that. Most houses are gradual when you look at the chart.

You cant cherry pick 1 house, that has extreme dips and peaks, and make a determination based on that...
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Old 05-06-2014, 01:17 PM
 
Location: Coastal Connecticut
13,116 posts, read 15,679,009 times
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Well I didn't cherry pick. It was completely random. Here's another random pick:

26 Tunnel Rd, Newtown, CT 06470 - Zillow

The foreclosures are worse, but I avoided those.
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Old 05-06-2014, 01:38 PM
 
2,645 posts, read 1,625,923 times
Reputation: 1722
Quote:
Originally Posted by SeaDoo342 View Post
Thats not true and is a major exaggeration.
I don't know. My sister is shopping for a home in Newtown and I'm floored by how many houses are in the mid $200,000 range.
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Old 05-06-2014, 01:59 PM
 
1,710 posts, read 1,024,301 times
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Quote:
Originally Posted by AMSS View Post
I don't know. My sister is shopping for a home in Newtown and I'm floored by how many houses are in the mid $200,000 range.
There are only 12 houses on the market between 200-300,000 in Newtown... the huge majority are over 300,000
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Old 05-06-2014, 02:02 PM
 
2,645 posts, read 1,625,923 times
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Quote:
Originally Posted by SeaDoo342 View Post
There are only 12 houses on the market between 200-300,000 in Newtown... the huge majority are over 300,000
And I'm quite sure those houses would have went for over $400,000 a few years ago.
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Old 05-06-2014, 02:12 PM
 
1,710 posts, read 1,024,301 times
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Quote:
Originally Posted by AMSS View Post
And I'm quite sure those houses would have went for over $400,000 a few years ago.
My reply to you is that there aren't that many houses in Newtown between 200-300,000... 12 is not a lot. Definitely not enough to be "floored"...
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Old 05-06-2014, 03:37 PM
 
Location: Coastal Connecticut
13,116 posts, read 15,679,009 times
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Quote:
Originally Posted by SeaDoo342 View Post
My reply to you is that there aren't that many houses in Newtown between 200-300,000... 12 is not a lot. Definitely not enough to be "floored"...
You mean 70?

Newtown Real Estate - Newtown, CT Homes for Sale - realtor.com®

There's 76 between $300k-$400k for comparison.

There's also 56 under $200k.
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