Waterfront homes have alway gone up in value more than other properties. Even with the down market now they are worth more than they were 15 years ago. What most people do not understand is that Real Estate is generally a long term high yield investment. Not a short term high yield. If you buy right, maintain the property and hold on to it, it will appreciate over time. This could not be a better time to buy. Another thing to look at is the Interest rates. In 1986 they were up as high at 18%! They are currently at 5%. That is even more important than price. Your paying it amortized daily over a long period of time. So it is price and rates that make a n item worth buying. That hold true for most things. I am a waterfront specialist. Visit http://www.milfordshorelinehomes.com for up to date Listings and pricing. I would be happy to discuss this at length. Please call my cell at 203-257-0030

Hi Michael

We have some super beach homes here on the CT Shoreline. I cover from New London to Madison. Obviously the prices have dropped and now is a good time to invest. I would be more than happy to help you see what is here in the Waterford, East Lyme/Niantic, Old Lyme, Old Saybrook, Westbrook, Clinton and Madison areas which have not only town beaches but also resident and private beach association beaches.

Please feel free to contact me if you would like me to send you some properties which are currently on the market and those which have sold for comparison.

Regards

Anne

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.