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Market Conditions in Stamford : Real Estate Advice

  • All216
  • Local Info29
  • Home Buying63
  • Home Selling8
  • Market Conditions7

Activity 9
Mon Dec 2, 2013
Kim Benedict answered:
Wed Jun 8, 2011
Laura Feghali answered:
Hello Matrix,
The South End/Waterside area of Stamford is undergoing redevelopment. Numerous projects have been planned and some are already built and in operation. A couple of luxury rental communities have been completed and doing well. Office buildings, a 5 star hotel, condominiums, and a park are in the plans.
The area is targeting the middle to upper end of the rental and condominium market. Currently, the rental market is very brisk and will probably continue to be for awhile in this economy while the condo market is sluggish.
Check out these links for more information about Stamford's Master Plan and the developments in the works:

http://www.ci.stamford.ct.us/content/25/52/138/164/202/88493.aspx

http://harborpt.com/

Hope you find this useful.

Laura Feghali
Prudential Connecticut Realty
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Wed May 18, 2011
Albert Lee answered:
I think it's all boils down to what actual costs(expenses) are associated with the property. Condos are usually restricted heavier than the townhouses with their own HOA(Home Owner's Asso) and maintenance fees and etc.. If you could get higher rental payments if the Condo is in a "hot area" than having those extra fees and dues could be justifiable. On the other side of the hand, owning a Townhouse may require you to do your own maintenance to keep up the appearance of the property.

Once again, it usually boils down to Income vs. Expenses to bottom line your ROI.

One thing for sure, you're in a great market to acquire a property so go ahead, do your home work with one of your local agent then build your Real Estate Portfolio!

Albert
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Sun Mar 13, 2011
Ellen Christian answered:
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Sat Feb 5, 2011
Robin Silverberg answered:
If you are planning to take out a mortgage on the property, what you may want to look at is what percentage you plan to put down, and what kind of rate of return you would get based on purchase price, interest rate, loan size, etc. If you can get a 4 unit that is inexpensive enough, a large down payment and higher rate on multi-unit investment properties. Generally the higher the rent, the higher the purchase price, so you might want to see what makes the most sense. ... more
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Tue Feb 22, 2011
Victoria Lorusso answered:
Breaking out the 06905 zip code, my data shows that we have had a 19% increase in vlaue of homes sold since Jan 09. However, there is clearly a 10.7% decrease in price of actively available homes in the same time period. There are alot of different factors that should be added depending on the particular neighborhood or condo complex that could greatly shift these numbers. Call me if you would like further information. ... more
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Mon Oct 25, 2010
Sean Dawes answered:
Are the buyers paying the closing costs? If they plan to how about seeing if they can go conventional and then you assist the closing costs into the mortgage?

It might be a long shot but worth taking a minute of your time to find out. Post up what happens or drop me an email sean.dawes@lnf.com as I hope everything works out.



Sean Dawes
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Thu Oct 17, 2013
Charles Nedder answered:
Hello Trottolino,
The answer to this question will be relative to the style of home and finishes you choose. It can be compounded by the improvements needed for the vacant land. If you look at a selection of new construction homes currently available for sale in Stamford CT, you will see a range between $400sqft - $900sqft.
I hope this helps,
Charlie Nedder Realtor
Weichert Capital Properties
Stamford CT Real Estate
203-524-4303
WWW.CNEDDER.COM
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Fri Jul 3, 2009
Emily Erekuff answered:
Hi Valerie,

Check out the link below. Trulia has information for over 420 condo sales that occurred in the last nine months. You can refine the list by bedrooms and square-feet using the filters on the left side of the page.

Best Wishes,

Emily Gibson
Customer Service Representative
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