10 Cities With Rising Prices Last Month

By on January 27, 2012 in Real Estate News

Exurbs © by Worker101

Here are 10 cities that saw dramatic price increases from Oct 2011 to Nov 2011. New York comes in at number 5.

1. Central Fla.-Regional Statistical Area

Month-to-month median increase: 5.63 percent

Year-over-year increase: 14.27 percent

Median list price: $169,000

 

2. Phoenix-Mesa, Ariz.

Month-to-month increase: 4.46 percent

Year-over-year increase: 10.54 percent

Median list price: $164,700

 

3. Miami, Fla.

Month-to-month increase: 3.60 percent

Year-over-year increase: 29.50 percent

Median list price: $259,000

 

4. Tampa-St. Petersburg-Clearwater, Fla.

Month-to-month increase: 3 percent

Year-over-year decrease: -2.50 percent

Median list price: $144,200

Continue Reading →

Comments { 0 }

How Do Stamford’s Property Tax Rates Compare?

By on January 24, 2012 in Education

Tax © by 401K

Compared to most town/cities in Connecticut, Stamford has fairly reasonable tax rates. Most Stamford residents pay a mill rate between 16-17. A mill is equal to $1.00 of tax for each $1,000 of assessment. To calculate the property tax, multiply the assessment of the property by the mill rate and divide by 1,000. For example, a property with a assessed value of $50,000 located in a municipality with a mill rate of 20 mills would have a property tax bill of $1,000 per year.

Who has the lowest mill rate in the state? Salisbury and Greenwich at just over 10 (although Greenwich also has some of the highest assessment values). Darien is close behind with at 12.2.  Continue Reading →

Comments { 0 }

Stamford Video

By on January 19, 2012 in Education

Want to learn more about Stamford? William Pitt Sotheby’s has put together a great video showcasing all the wonderful attributes of our city. Click here to view.

Comments { 0 }

Nearing Bottom of Price Declines?

By on January 19, 2012 in Real Estate News

Some good news surrounding housing prices in New England…

Home values in New England fell at a slower pace last year, suggesting prices may be nearing a bottom, according to the latest RE/MAX of New England Housing Market Outlook Report.

The report is cautiously optimistic since home prices are showing signs of stability.

One of the states surveyed — Vermont — noted an uptick in home values in 2011, making it the only state in the region to see an increase in home values.

The median, single-family home price in Maine edged down a slight 0.18% to $206,329 in 2011, compared to $206,697 a year ago.

Rhode Island saw home prices decline just 1.8%, with the median price hitting $266,256, compared to $271,370 last year.

Connecticut and Massachusetts also watched home prices drop slightly. In Connecticut, the median 2011 sales price hit $606,673, compared to $618,560 a year ago.

Massachusetts home prices held for the most part on a diversified economy and an active luxury home sector. Prices in the state fell a modest 0.4% to $376,925 in 2010 from $375,439 in 2011.

In New Hampshire, home values fell at a steeper rate of 4.1% from $255,493 in 2010 to $245,015.

Via HousingWire.com

However, take a look at Stamford’s median prices for the past 12 months:

Comments { 0 }

NEW LISTING: 154 COLD SPRING RD

By on January 19, 2012 in Listings

New listing to the market today, 154 Cold Spring Road. It is a 3 bedroom ranch condominium with 2 full baths at 1317 total square feet.

The listing was last on the market in Sept 2011 for $285,000 under a different brokerage. For more information on this listing, click here.

MAP OF LOCATION

Comments { 0 }

Fairfield County ranked as most expensive area for renters

By on January 18, 2012 in Real Estate News

As reported by the Westport News, Fairfield county remains one of the most expensive places to rent in the United States. For a full view of available rentals in Stamford, click here.

STAMFORD — Despite strides in affordable housing, a study has found that lower Fairfield County is the most expensive place to rent an apartment in the United States.

The annual report, issued recently by the Connecticut Housing Coalition in coordination with the National Low Income Housing Coalition, broke down rental housing costs for metropolitan areas across the country. It did not include luxury apartments.

According to its findings, a renter in lower Fairfield County must earn $34.62 an hour to pay for a modest two-bedroom apartment, without spending more than 30 percent of total household income on housing costs. Defined as the “housing wage,” the figure surpasses those of cities such as San Francisco, Honolulu, New York and Boston.

In terms of income, a family in the area must earn $72,000 a year to afford a typical two-bedroom apartment…

FULL ARTICLE

Comments { 0 }

Regis Philbin Sells Greenwich Home

By on January 17, 2012 in Uncategorized

Regis Philbin and wife © by Rubenstein

Regis Philbin recently sold his $3,000,000 Greenwich home.

More from the Zillow blog…

With retirement came a bit of real estate luck for TV personality Regis Philbin.

After trying to sell his Greenwich, CT estate on and off for the past five years, the former TV host has finally sold the home for $3 million,according to the Wall Street Journal.

The talk show host first listed the home in 2008 for $5.9 million, and hoped the 4-bedroom, 6.5 bath property would attract a buyer who appreciated the 5,919 square feet of living space on a cul-de-sac, but it did not sell.

In May 2011, Philbin re-listed the home shortly before he announced retirement from his morning talk show gig “Live With Regis and Kelly,” after almost 25 years on the air. The 79-year-old star has long been a familiar face on American television — so much that Philbin holds the Guinness World Record for the most time spent in front of a television camera.

FULL ARTICLE

Comments { 0 }
Tired of writing an essay by yourself? Professionals of SameDayEssay.com can help you! Interested? | RussiAmore.com offers you the most hot Russian brides and Russian bride for marriage.