As a local Realtor, who lives and works in this area, I can provide comparables to show you where the market is now and also recent history to show trends.- predicting the future is out of my realm.
I can tell you that in the 13 years I have been doing this and also as a home owner for even longer the markets tend to go up and down regularly. The $8000 home buyer credit and the programs available through FHA have opened the doors for many first time home buyers.
My listing on Grove Place went on deposit in 14 days because a) condition-- immaculate and well maintanined and b) priced right. One of the draws was its proximity to the beach and its ocean views.
Milford is comparable to West Haven in that homes are priced a little higher but the taxes are lower. Both towns offer great beaches, easy access to stores and major high ways so they also draw young buyers from Fairfield County who can't afford Fairfield County prices but the convenience of the Milford train station make it very doable. In this month's issue of Connecticut Magazine, Milford CT ranked 5th ( preceeded by Fairfield, Greenwich, West Hartford and Stamford.
If you would like to discuss this further, feel free to contact me. - Sat Oct 24 2009, 13:18