Powered by SecureRights 
|
|
Connecticut real estate has been somewhat affected by the national slowdown. However, it all depends on location. Actually, the closer you are to NYC, the higher the cost of living and prices in general. Generally, Connecticut has a nice growth pattern in appreciation rates which were over 15% beating the nation’s average in year 2005. Just to get an idea on the prices in the state, the single family home in Hartford will go for $300,000, but the lowest price would probably be $195,000 and will even go as high as $1,000,000 anywhere in the state. Despite the plunge in Connecticut mortgage demand across the county, prices for housing in New London County rose 6.25 percent. The median price rose from $240,000 in October 2005 to $255,000 in October 2006. Despite that drop, median condo prices rose by a modest 4 percent, from $182,750 to $190,140. But you can still see why they may be a more affordable purchase for those looking for a mortgage loan in the area. Submitted By: Sally Megan
| 
