About Chris McClave
2011 Year-End Connecticut Market Report
Coming off a strong 2010, residential sales in 2011 fluctuated widely by market as well as by quarter to end the year on a slightly lower note. But strong fourth-quarter pending sales numbers point to a solid opening for 2012.
For all the information you need on your local market, to read the entire 2011 Year-End Connecticut Market Report.
10 Cities With Rising Prices Last Month
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
How Do Stamford’s Property Tax Rates Compare?
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 →
Stamford Video
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.
Nearing Bottom of Price Declines?
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.
However, take a look at Stamford’s median prices for the past 12 months:
NEW LISTING: 154 COLD SPRING RD
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, .
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