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Milford Home Values Hold in Q2

In the second quarter, the value of a "mid-tier" single-family home in Milford increased minimally in Q2, besting a downward trend in southwestern CT, analysts say.

According to new data from the School of Business’s Center for Real Estate and Urban Economic Studies, the value of a single-family home Milford held in the second quarter of 2012.

The year-over-year slight uptick—from $232,155 to $232,739 for a so-called “mid-tier” home—marks a change in Milford, which hadn't seen a rise in home values since the second quarter of 2010, according to the UConn center.

The center defines a “mid-tier” home in Milford as 49 years old and with 1,288 square feet. Each quarter, the center produces “constant quality indices” that track the changing value of homes in Connecticut towns by minimizing variables such as inflation and seasonality, as well as the effect a low-volume sales quarter has on average prices.

The rise in Milford compares to an overall downward trend just to the south, in Fairfield County.

Among 18 towns in the county whose data is tracked by the center, just five municipalities—Bridgeport, Darien, Greenwich, Stamford and Trumbull—saw single-family home values increase

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Use the search form above to track the change in estimated values of a mid-range home quarter by quarter since 2000. Interested in all things Milford? Join us to discuss town matters with your neighbors, rate local businesses, and "like" us on Facebook and follow us on Twitter!

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year-over-year for Q2. On average, the value of single-family homes in those 18 towns fell 4.8 percent from 2011 to 2012 in the second quarter, according to the center.

Ryan Sartor (Editor) July 30, 2012 at 05:37 PM
How does the Milford real estate market look from your perspective?
arkay July 31, 2012 at 02:29 AM
I think part of this is the favorable position Milford is in: optimal commute location for many job centers, coastal, Metro North access, good schools, lots of shopping/restaurants/nightlife/recreation, and affordable real estate. I expect that Milford may outpace many of its peers in the upcoming years and is a town that is continually gentrifying.
CT. PROPERTY APPRAISERS July 31, 2012 at 03:23 PM
I hate to burst everyones bubble but according the Commercial Record/Warren Report which records all sales throughout Connecticut the median sales price of all real estate sold in Milford over the past 6 mos is down 13.05% from 2011. Single family sales price is down 17.71% from $279,500 last year to $230,000 this year. The number of closed sales is also down from 275 in 2011 to 132 this year with single family sales at 89 compared to 186 last year. We can only hope that it will improve
arkay August 01, 2012 at 02:14 PM
Bummer. I still contest that Milford is a solid investment, moreso than other towns in the area, and fully expect it to appreciate at a greater rate once the overall market revives.

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