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Old 07-16-2008, 09:07 PM
 
Location: Cheshire, Conn.
2,102 posts, read 7,729,421 times
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I understand their goal, too. By creating metropolitan areas, they can release statistics for x-y-z metropolitan area for 2008 vs. 2007 vs. 2006, etc. and have numbers that illustrate trends.

With the current gas situation, many buyers are narrowing down the number of towns that they are willing to consider in order to have the shortest possible commute.

These figures for metropolitan areas become meaningless when only one or two towns are being considered. In the San Jose-to-Stamford scenario, say that the OP concludes it's going to be Stamford and Darien, the $449,000 figure becomes irrelevant.
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Old 07-16-2008, 09:11 PM
 
Location: Tolland County- Northeastern CT
4,462 posts, read 7,967,939 times
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I agree Rich

I feel the NAR has to compare 'Apples and Oranges' within a standardized metropolitan area, in order to compare all data (prices) Also by the way- the towns they use in their data are very close to those used by urban Geographers- As much as I dislike some of the press releases by the NAR regarding the Markets for real estate nationally (and we have discussed this in the past) The NAR is coming up with A median price model that certainly duplicates an entire region as defined by geographers.
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Old 07-16-2008, 09:14 PM
 
8,777 posts, read 19,766,176 times
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To the OP: There are many different sources that report average housing costs, however they all present it differently. IMO, to really get a better feel for what a respective town/city will cost, i'd suggest that a rental cost indice would give the better approximation of costs.
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Old 07-17-2008, 08:16 AM
 
Location: Connecticut
34,651 posts, read 56,437,947 times
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Quote:
Originally Posted by csw View Post
My husband will most likely take on a job in Stamford within the next couple of weeks already. That means that I have to organize our move from San Jose to Stamford without ever having been to the area.
We have to small kids (4 yrs and 8 mo) and are looking for details on the different areas. Looks like housing is as expensive as it is here.
Any advice with respect to how to start the relo process/research is highly appreciated!

Thanks!
Claudia
Claudia - First of all, welcome to Connecticut. I am sure you are going to like it here. You are in a difficult situation having to move without visiting the area first. It is hard to know where to live. First what is your price range and what do you expect to get for it. You are moving to one of the most expensive areas of the country but coming from another of the most expensive areas in the country that should not be a problem.

Stamford itself is a small city. It has many nice neighborhoods and is most affordable of the towns in the immediate area. The schools in Stamford are good but there have been some complaints on these boards and because Stamford is a city, there are some typical urban issues in the middle and high schools there. Immediately surrounding Stamford are Greenwich (to the west) and Darien and New Canaan to the east. These are wonderful upscale and pricey towns with a lot of charm and excellent schools and amenities. If you can afford to live in any of these, they are highly recommended.

Further away from Stamford are some other great upscale towns that are a little less pricey but still very nice. Wilton, Ridgefield, Redding, Westport, Weston, Fairfield and Easton are all excellent places to raise a family with excelllent schools and a lot of wonderful acitivites. I hope this helps. Good luck, Jay
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