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Old 02-11-2022, 02:20 PM
 
334 posts, read 220,581 times
Reputation: 759

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Quote:
Originally Posted by SteveM85 View Post
No way. Homes are priced 750-800.
2 in Milford is direct water and very large. The CT market is hot but it's not that hot.
Thanks! That's encouraging although $750 to $800 is pretty steep. I was hoping for new construction in the low to high $400 range when I started looking pre-pandemic, but it looks like that ship has sailed.
I'll call and ask next week.
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Old 02-11-2022, 02:33 PM
 
Location: The greatest place on earth
4,971 posts, read 2,258,867 times
Reputation: 2398
Quote:
Originally Posted by PittsburghPatty View Post
Thanks! That's encouraging although $750 to $800 is pretty steep. I was hoping for new construction in the low to high $400 range when I started looking pre-pandemic, but it looks like that ship has sailed.
I'll call and ask next week.
Maybe upstate. Best of luck


Quote:
Originally Posted by SkylinePCG View Post
What’s going on with the real estate market around Ridgefield, Redding and Weston?

Our family is looking to move sometime this year, and on paper, those towns are right up our alley (btw, thank you for the contributions to previous questions on this forum!) But I’m seeing a lot of -what appear to be- pretty nice places, have been for sale for well over a year. Is something going on? Housing bubble? Pollution discovery? Political discontent?

As a buyer, it almost seems too good to be true. As an analytic, that gives me reason to pause.
Remember post#1. Don't be a post#1.
When you're in the market for a new home during a down market and homes aren't selling and dropping prices, that's when you lowball and jump in. Head first.
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Old 02-11-2022, 04:35 PM
 
Location: Near the Coast SWCT
80,557 posts, read 68,628,301 times
Reputation: 15540
Was in Milford the other day... I went down this road here to see something...





151 Hillside Avenue Sold in 2015 for $125,000. Now worth over Half Million. 984 sq feet.


The one next to it #147 sold last year for $153,000. HUH? Was it damaged?


Meanwhile #133 sold for $1,000,000


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Old 02-11-2022, 07:11 PM
 
Location: Connecticut
332 posts, read 175,542 times
Reputation: 576
I had previously bought three houses (not all at the same time) in FL using VA loans which allow you to purchase a home with no down payment. When we moved to CT early last year I quickly realized that nobody would accept an offer with a VA loan in this market. So we decided to stay in an apartment in Simsbury in the meantime. We finally managed to save enough for a down payment and we will be closing on a beautiful antique colonial in Simsbury in a few weeks. We are so happy and we think Simsbury is paradise.
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Old 02-11-2022, 08:19 PM
 
Location: Connecticut
33,011 posts, read 52,270,596 times
Reputation: 10522
Quote:
Originally Posted by PittsburghPatty View Post
Thanks! That's encouraging although $750 to $800 is pretty steep. I was hoping for new construction in the low to high $400 range when I started looking pre-pandemic, but it looks like that ship has sailed.
I'll call and ask next week.
New construction under $500,000 is early impossible these days because of high material cost. You might have to look further out, accept a lesser location, go with a smaller home or go condo. I can only think of a couple new construction homes at that price. Below are some links in that part of state. Jay

https://www.zillow.com/homedetails/3...58948712_zpid/

https://www.zillow.com/homedetails/5...96132184_zpid/

https://www.zillow.com/homedetails/7...09756735_zpid/

https://www.zillow.com/homedetails/7...41552573_zpid/

https://www.zillow.com/homedetails/3...96129680_zpid/

https://www.zillow.com/homedetails/7...74029936_zpid/

https://www.zillow.com/homedetails/4...68579446_zpid/

https://www.zillow.com/homedetails/4...66601022_zpid/

https://www.zillow.com/homedetails/1...88701158_zpid/

https://www.zillow.com/community/cha...66602377_zpid/

https://www.zillow.com/homedetails/7...67550216_zpid/

https://www.zillow.com/homedetails/4...67551542_zpid/

https://www.zillow.com/homedetails/9...57349424_zpid/
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Old 02-11-2022, 09:22 PM
 
Location: The greatest place on earth
4,971 posts, read 2,258,867 times
Reputation: 2398
Quote:
Originally Posted by Cambium View Post
Updated 3K sq footage on direct Sound for 1M is an unbelievable deal. Someone stole that house.
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Old 02-11-2022, 09:39 PM
 
21,135 posts, read 28,963,590 times
Reputation: 9027
Quote:
Originally Posted by Cambium View Post
Was in Milford the other day... I went down this road here to see something...





151 Hillside Avenue Sold in 2015 for $125,000. Now worth over Half Million. 984 sq feet.


The one next to it #147 sold last year for $153,000. HUH? Was it damaged?


Meanwhile #133 sold for $1,000,000

Absolutely hideous homes. No thank you.
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Old 02-11-2022, 10:05 PM
 
334 posts, read 220,581 times
Reputation: 759
Thanks, Jay!
I’ll look into the listings. : )
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Old 02-12-2022, 05:57 AM
 
Location: Near the Coast SWCT
80,557 posts, read 68,628,301 times
Reputation: 15540
Quote:
Originally Posted by SteveM85 View Post
Updated 3K sq footage on direct Sound for 1M is an unbelievable deal. Someone stole that house.
No land, no privacy, You can open a side window and slap five with your neighbor for a million?
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Old 02-12-2022, 09:46 AM
 
1,899 posts, read 1,850,934 times
Reputation: 965
Just checked Zillow for Fairfield... Bout what I thought would happen by this time. Many more "reasonable" properties, when you couldn't touch anything for under $550 there's a few cute but small in the $400s range. Still seems higher than it should to me at least but wondering what's going to happen soon. Little grapevine whisper around town is that many prospective sellers were waiting for the Spring selling season and could actually be many properties hitting all at once. We'll see.
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