[ProudFairfielder]

Originally Posted by whome224

Isn't that area called The Gold Coast?

Yea, in general. The Gold Coast has varying definitions on the northeast end - a few bring it all the way up to Milford (all Merritt Parkway towns), while some say it ends at Westport. Most call it the Greenwich to Fairfield stretch though and may exclude the urban cores of Stamford/Norwalk and far eastern Fairfield.

[JayCT]

Originally Posted by WildChicken

Looking in Milford and most stuff is under contract in a couple days.

What's the attraction to living in places like easton / weston / ridgefield? Seems these towns are far from anything with nothing to do but sit in your big house.

Ridgefield is not remote at all. It has a very nice town center, a lot f shopping and restaurants, entertainment and is close to one of our state’s best malls. Plus it’s schools are among the best in the state.

Towns like Easton and Weston are popular with people that value nature and privacy. Their large lot zoning assures they will not change significantly and they have a nice small town feel. With today’s Covid crisis, people are beginning to realize that being on top of other people is not necessarily a good thing and those big homes on big lots look mightily enticing. Plus, if you have kids, you almost never have enough room to accommodate them and their activities. Makes life a little easier. Jay

[SteveM85]

Originally Posted by whome224

Isn't that area called The Gold Coast?

Yes, an old school term with varying degrees of boundries. It's all open to interpretation.

The Stub is more defined.

[Mr_250]

Originally Posted by SteveM85

Yes, an old school term with varying degrees of boundries. It's all open to interpretation.

The Stub is more defined.

Every time I read “stub” my toe hurts.

[SteveM85]

Originally Posted by Mr_250

Every time I read “stub” my toe hurts.

I don't want to step on any so I'll go with Panhandle or Gold Cost here on out.

[JayCT]

So I am seeing an interesting trend in the towns I follow. I am seeing new listings coming on the market at obviously much lower asking prices than they should be.

A family friend just put their parents modest home on the market and it is clearly about 15% under what it should be listed at and 10% under what it should sell for. I base this on what another friend got for a very similar home a month ago. A family member said they did this deliberately to solicit interest, sell quickly and get multiple offers to drive up the price. Apparently it worked because the house went under contract in a couple days with multiple offers. I’m not sure yet how successful they were at getting a higher price.

I just saw another home in my town that is also clearly underpriced. It appears to be a minimum of 20% under what the listing price should be and 15% under what the selling price should be. It will be interesting to see what happens with this home. I’ve seen a couple other recent listings I thought looked low but thought maybe I missed something. Now I wonder. Anyone else noticing this? Jay

[Stepfordct]

Think homes coming on market in FFlD county are coming on higher. As are rents.

[Stylo]

Originally Posted by JayCT

So I am seeing an interesting trend in the towns I follow. I am seeing new listings coming on the market at obviously much lower asking prices than they should be.

A family friend just put their parents modest home on the market and it is clearly about 15% under what it should be listed at and 10% under what it should sell for. I base this on what another friend got for a very similar home a month ago. A family member said they did this deliberately to solicit interest, sell quickly and get multiple offers to drive up the price. Apparently it worked because the house went under contract in a couple days with multiple offers. I’m not sure yet how successful they were at getting a higher price.

I just saw another home in my town that is also clearly underpriced. It appears to be a minimum of 20% under what the listing price should be and 15% under what the selling price should be. It will be interesting to see what happens with this home. I’ve seen a couple other recent listings I thought looked low but thought maybe I missed something. Now I wonder. Anyone else noticing this? Jay

Not so much here. If it's slightly under listed it does tend to go to bidding war quickly, but most seem to be priced appropriately.

I've seen some houses listed recently that are stretching IMO. If they are able to sell, more power to them.

[SteveM85]

No, i'm seeing price jacks in the bottom west coast corner

[jdhall1]

Properties are getting bid up in the Greater Danbury area and have gone within days. Need more reasonably priced homes on the market