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Market Conditions in Bridgeport : Real Estate Advice

  • All119
  • Local Info13
  • Home Buying56
  • Home Selling8
  • Market Conditions1

Activity 12
Sun Nov 1, 2015
Daniel D. Thomas answered:
Hi Paula, Thank you for the question, and it is a good one (highly debated!). Though Bridgeport has a higher Mill Rate (figure used to calculate taxes), than the surrounding towns, you'd be surprised to know that the actual dollar figure per square footage isn't much different than the towns in the area, and most times are comparable or less than surrounding towns. If you look at a 1,500sqft home in one of Bridgeport's prime neighborhoods and compare to a 1,500sqft home in Stratford, the dollar figure per year would be similar. 1,500sqft in Fairfield will actually give you a higher yearly tax number. The difference is that the property value in surrounding towns are much higher so their Mill Rates are lower. Where in Bridgeport the property values are lower than the surrounding towns, making the Mill Rate higher. Because Bridgeport is Connecticut's largest city, surrounded by some of the countries most affluent towns, there some times is a negative contributed to the Mill Rate. However, inside the property taxes of Bridgeport are some positives. For example: In Bridgeport, the weekly garbage collection is a part of the property tax system (in Fairfield, it's paid separate). In Bridgeport, the public school system offers free breakfast and lunch for students (in surrounding towns, it's an added expense). In Bridgeport, there is no charge to compete in high school sports (some surrounding towns have fees), and there are other similar examples. Bridgeport also houses a bigger infrastructure than surrounding towns (police, fire department, etc...). I will contest that you will hear many different cases, however, I hope the above shines some light! ... more
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Wed Aug 20, 2014
Jennifer asked:
This question was asked from http://www.trulia.com/rental/3142557874-50-Milne-St-1R-Bridgeport-CT-06604
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Sun Jul 27, 2014
Pradeepvennamaneni asked:
This question was asked from http://www.trulia.com/rental-community/9000055334/Benham-Apartments-335-Benham-Ave-Bridgeport-CT-06604/
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Sat May 17, 2014
Daniel D. Thomas answered:
Hi Julie, per our MLS data system, the monthly fees on the unit in question are $480 per month. Please let me know if you'd like to schedule a showing or if I can help you in your search for something similar. All the best, -Daniel D. Thomas ... more
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Mon Mar 3, 2014
Gloria and Steven Lage answered:
I was born and raised in Bridgeport and as long as I can remember it has always gotten a bad rap as a dangerous place. As with any city there are areas of higher crime but overall it is a great city and a wonderful place to live. ... more
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Tue Feb 25, 2014
Daniel D. Thomas answered:
Hi Hauzmen,

Thank you for your question. The 06606 zip code is a highly desirable location for Multi-Family buyers in Bridgeport. Not only is the area one of the most sought after for families, but it also demands one of the highest rental rates per sqft of the city. With that said, quality multi-families in the area sell fairly quickly leaving a low inventory. In today’s current market where interest rates are low, and prices increased, we have a higher demand than supply. The key is to aggressively watch the market and be ready to purchase as soon as something that fits your criteria becomes available. Feel free to contact me should you need any help in the process.

Daniel D. Thomas (203) 520-7390
... more
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Sun Feb 9, 2014
Selina Aggudey answered:
If you are looking, there is a lovely 3 bedroom single family home listed for 1800. email me at sallyrealtor01@gmail.com
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Mon Oct 21, 2013
Helen asked:
This question was asked from http://www.trulia.com/property/3128691943-541-Gregory-St-Bridgeport-CT-06604
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Fri Sep 6, 2013
karina-hawari asked:
This question was asked from http://www.trulia.com/property/3081252994-132-Bennett-St-101-Bridgeport-CT-06605
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Tue Apr 9, 2013
Jeffrey Charles answered:
Hi Lyn:

This is a very nice part of Bridgeport, I live in Whiskey Hill. You are close to everything and the nights are quite. It would be hard to give you an exact price without visiting the property (never rely on pictures!) but from what I can see it looks to be in great shape. Depending on what you see on your walk through and the feedback from your inspections, you should expect to pay between $120,000 to $135,000. Remember to get a Realtor to represent you and work as your advocate. JC. ... more
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Wed Sep 5, 2012
Mary Philippe asked:
This question was asked from http://www.trulia.com/homes/Connecticut/Bridgeport/sold/21155121-128-Atlantic-St-Bridgeport-CT-06604
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Fri Jul 24, 2009
Michael Tetreau answered:
There have been 121 Sales in the Zip Code in the first six months of the year or 21 per month. There are 181 Single Family Homes for sale...this translates into just under an Average Market time of 9 months.

Let me know if I can help in any other ways, Mike

email: fcremike@aol.com
... more
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