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Home Sales Down, Prices Up Along Fairfield County's Gold Coast
Home sales are down and prices are up along Fairfield County's Gold Coast due to a lack of inventory over the past few years.
The areas most affected by the challenges included Darien, New Canaan, and Rowayton markets, according to Houlihan Lawrence Real Estate Brokerage.
A report released on Tuesday, Jan. 9, said despite the sales decline, median sale prices increased in all three markets by nine percent on average, offering sellers favorable returns.
“Amidst the inventory scarcity, we continue to benefit from the diverse offerings of recreation, cultural amenities, and vibrant …
These Zip Codes In Northeast Among Top 10 Most Expensive In US, New Report Says
Four zip codes in the Northeast rank in the Top 10 for most expensive in the United States, according to a brand-new report.
The rankings, published by CNBC, were determined by median home sale prices.
Three of those four zip codes are on the east end of Long Island, led by No. 2 Sagaponack (11962), which the report says has a median home sale price of $6,972,500, behind only No. 1 Atherton, California (94027), which is $9 million.
The other zip codes in the Hamptons making the Top 10 were Water Mill (11976) and Bridgehampton (11932).
The other Northeast zip code on th…
Fairfield County Ranks As 'Undervalued' For Home Prices, New Report Says
Homes in some regions in Connecticut are being considered “undervalued” amid the current housing bubble, according to a new Fortune Magazine report.
Fortune studied home price growth, which is wildly outpacing income growth across the country, with areas in Connecticut considered “overvalued" or “undervalued.”
Specifically, in Fairfield County, Bridgeport, Stamford, and Norwalk were considered undervalued.
Also undervalued for housing are Hartford, East Hartford, and Middletown, the report said.
New Haven County and Milford were rated as “normal,” with no other areas highlighted by the …
