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.
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
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:
As reported by the , 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 in coordination with the , 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…
A look at projected 2012 Greenwich home sales from …
GREENWICH, Conn. – Although smaller homes and lower prices are trending in Greenwich, megamansions are still being sold, says RE/MAX Heritage broker Judy Szablak. She projects that 2012 is looking to be a good year for home sales in Greenwich.
“Generally in Greenwich, $2 million to $3 million is where the majority of properties are selling over the past seven years,” says Szablak, who researches realty and writes for . She said the next biggest price pocket is $1 million to $1.5 million.
Overall during 2011, 524 homes were sold in Greenwich, compared with 482 units sold in 2010, according to Szablak’s research. On average, homes stay on the market for about 211 days….
A quick look at Stamford’s inventory vs median price for the past year. Inventory has dropped this winter (as expected) but there has been a steady climb in median price. (graph only show single family homes)
Median price in Stamford continues to rise as the typical surge in Summer inventory begins. Yet, median price has a long ways to go to get to 7/2010 levels…
Chris McClave: My bad, I corrected the typo. The house is located...
George: This is not the South End of Stamford. It's the ...
Dora: Personally, I am really disappointed. I know that...
Chris McClave: I will take lower taxes over Fireworks any day. Lo...
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