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05-22-2007, 08:36 AM
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Real Estate Agent
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Join Date: Oct 2006
Location: Cheshire, Conn.
1,763 posts, read 1,699,986 times
Reputation: 320
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Quote:
Originally Posted by JayCT
Rich Lee - Thanks for the information. Looks like real estate in CT is still hanging in there (no bursting bubble like other portions of the country). Jay
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Luckily, it didn't rise double or triple digits in a short period of time. Generally speaking, we experienced 1-percent-per-month appreciation for about 24 - 30 months depending on the market. The time period referenced is 01/2004 - 06/2006.
Some middle-segment and lower-end markets saw their prices continue to appreciate after the higher-end markets reached their plateaus. This residual effect by the lower-end markets was basically an effort to "close the gap" that the higher-end markets created by moving upward. |
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05-22-2007, 11:35 AM
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Moderator
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Join Date: Apr 2007
Location: Connecticut
5,292 posts, read 4,682,034 times
Reputation: 782
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I guess I can confirm this. I just found out that the house behind me, which went on the market last week, is already under deposit. It was well priced. I thought it could have been listed higher. I believe their strategy was to price it under its value and sell it fast at or above asking price. Two friends of ours also just sold their homes and both were not on the market long and got near asking price. Again, well priced to sell quickly. Another house up the street is sitting but the price is too high for the market. Plus the decor is dated (looks very 80's) even though it is a newer home. Anyway, thnaks for the update. Jay
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05-25-2007, 08:27 AM
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Liberal is a dirty word!
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Join Date: Nov 2006
Location: NC and CT USA
1,387 posts, read 750,165 times
Reputation: 500
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JayCT,
What town is that in? We are still planning on moving back to CT, however it just may take longer than anticipated.
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05-25-2007, 12:30 PM
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Moderator
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Join Date: Apr 2007
Location: Connecticut
5,292 posts, read 4,682,034 times
Reputation: 782
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Quote:
Originally Posted by BigHouse9
JayCT,
What town is that in? We are still planning on moving back to CT, however it just may take longer than anticipated.
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Glastonbury - We are an upscale suburb of Hartford about 8 miles southeast of downtown. Great location with access to I-91, I-84 and Route 2. Excellent schools, nice shops and restaurants. We are very happy here. Jay |
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05-25-2007, 12:39 PM
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Liberal is a dirty word!
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Join Date: Nov 2006
Location: NC and CT USA
1,387 posts, read 750,165 times
Reputation: 500
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JayCT - Lived there for 13 years. LOVED it. Has to be one of the nicest places to raise a family. Great school systems and just wonderful friendly people. Lots to do around there and so convenient and pretty.
Can't wait to get back there. Seems like it will never happen.
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05-25-2007, 01:55 PM
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Moderator
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Join Date: Apr 2007
Location: Connecticut
5,292 posts, read 4,682,034 times
Reputation: 782
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Quote:
Originally Posted by BigHouse9
JayCT - Lived there for 13 years. LOVED it. Has to be one of the nicest places to raise a family. Great school systems and just wonderful friendly people. Lots to do around there and so convenient and pretty.
Can't wait to get back there. Seems like it will never happen.
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Come on back! We would be happy to have you. |
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05-29-2007, 08:06 AM
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Member
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Join Date: Feb 2007
67 posts, read 58,999 times
Reputation: 14
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If you don't want fairfield county try Madison, Guilford or Essex along the river. They are beutifull areas and you get to enjoy the coast as well. Stonington is picturesque if you want to be that far east.
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05-31-2007, 12:25 PM
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Member
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Join Date: Apr 2007
Location: Milford, CT
85 posts, read 101,549 times
Reputation: 26
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09-23-2007, 05:00 PM
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Member
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Join Date: Jul 2007
14 posts, read 13,417 times
Reputation: 10
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I wanted to bump up this topic, as we are possibly relocating to CT. I thought we could afford Greenwich... 
I'm looking at Tolland and it seems a bit more reasonable. Is it a rural town? |
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09-23-2007, 05:17 PM
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Moderator
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Join Date: Apr 2007
Location: Connecticut
5,292 posts, read 4,682,034 times
Reputation: 782
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Greenwich to Tolland! Talk about extremes. Jay
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