What has been the average annual appreciation for a multi-family home in 06902 over the last 13 years? Vs Stamford and all of CT?

Asked by Marc Faubel, Stamford, CT Tue Oct 1, 2013

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Judith "Judy"…, Agent, New Canaan, CT
Tue Oct 1, 2013
Below is the Sale Price Average of multil-families by year in Stamford according to the CT-MLS. Please note this is the average and doesn't account for home improvements. The average sales price has started to rise, but overall the price of multifamilies in Stamford has decreased in the last 13 years. Many of the current multi-family sales were not updated and some were short sales or foreclosures. This accounts for the price drop.

2003 $479,824

2004 $551,148

2005 $607,391

2006 $640,267

2007 $689,960

2008 $510,781

2009 $367,426

2010 $331,438

2011 $313,493

2012 $339,813

2013 $389,763

If you are considering selling a multi-family, make sure you have current financial information for the rentals.
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Samuel Gabe, Agent, Darien, CT
Tue Oct 1, 2013
Over the last 10 years, according to Zillow, the Connecticut Multi-Family Median Sale price gained 12.1% Y-o-Y, while Stamford gained 10.6% Y-o-Y and Zip Code 06902 gained 27.0% Y-o-Y. Includes data and transactions through 08/31/2013. Hope this helps.

Best regards!
Samuel Gabe
Licensed REALTOR
Halstead Property
t: 203.656.6518 | c: 203.856.8399
sgabe@halstead.com I halstead.com
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