Area Housing Prices Have Skyrocketed | Katonah NY Real Estate
Home values in the Northwest Corner have been skyrocketing in the past decade and more than doubled property prices in some communities, according to a new report.
Median Prices Triple
The report shows median home values in Salisbury to be up almost 160 percent from 13 years ago, followed by Sharon at 120 percent. This growth far outdistances the 80 percent average of both the rest of the county and the state.
The housing data profiles were compiled by the Partnership For Strong Community, a non-profit organization aiming to end homelessness, develop healthy neighborhoods and to create more affordable housing opportunities for workers, young professionals and families.
Data were drawn from the 2000 Census, the American Community Survey (2007-11, 2009-11 and/or 2012), 2-1-1 data from the United Way of Connecticut, population projections from the Connecticut State Data Center, foreclosure data from the Warren Group, and Affordable Housing Appeals List data collected by the Connecticut Department of Housing.
Houses in Salisbury are the most expensive, with a median value of almost $634,000, while Canaan has the lowest median home value of $234,500. The report points out that homes under $200,000 are becoming scarce.
“I am surprised about the numbers,” said Elyse Harney, a long-time realtor in Salisbury, “2007 was the peak of the market, and we are not even back up to 2007 numbers.”
Ms. Harney said this year she had her first $5 million home sale since 2007. She also said these two years have been her busiest since the housing crash in 2008, and the price was up 25 percent.
http://www.countytimes.com/articles/2013/12/20/news/doc52b38c2310761520227600.txt
Median Prices Triple
The report shows median home values in Salisbury to be up almost 160 percent from 13 years ago, followed by Sharon at 120 percent. This growth far outdistances the 80 percent average of both the rest of the county and the state.
The housing data profiles were compiled by the Partnership For Strong Community, a non-profit organization aiming to end homelessness, develop healthy neighborhoods and to create more affordable housing opportunities for workers, young professionals and families.
Data were drawn from the 2000 Census, the American Community Survey (2007-11, 2009-11 and/or 2012), 2-1-1 data from the United Way of Connecticut, population projections from the Connecticut State Data Center, foreclosure data from the Warren Group, and Affordable Housing Appeals List data collected by the Connecticut Department of Housing.
Houses in Salisbury are the most expensive, with a median value of almost $634,000, while Canaan has the lowest median home value of $234,500. The report points out that homes under $200,000 are becoming scarce.
“I am surprised about the numbers,” said Elyse Harney, a long-time realtor in Salisbury, “2007 was the peak of the market, and we are not even back up to 2007 numbers.”
Ms. Harney said this year she had her first $5 million home sale since 2007. She also said these two years have been her busiest since the housing crash in 2008, and the price was up 25 percent.
http://www.countytimes.com/articles/2013/12/20/news/doc52b38c2310761520227600.txt
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