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Stratford Market Report September 2021
Market Overview
Stratford experienced another decrease in home values in August. The median sales price fell 3.72% from $362,500 in July to $349,000. Even with this decrease, home values are still up by 6.56% since January. The highest month of the year was June where home values reached $373,000. More houses were sold in August compared to the previous month, although fewer sellers put their homes on the market. The number of new listings in August was 52 (compared to 96 in July) and the number of active listings was 135 (compared to 168 in July). With fewer houses on the market, Stratford still continues to be solidly in sellers’ market territory, a trend continuing since August 2019. The months of supply dropped from 2.7 to 2.2 months, a shift more favorable to sellers. Even with a lower overall median sales price, sellers still received above asking price offers overall. The % of list price to sales price was 102.9%. The last month below 100% was June 2020. Interest rates are still very favorable for buyers. The 30 year fixed rate continued its sub 3% trend. By months end, the rate was 2.87%. Buyers continue to find Stratford a great town to consider. For anyone considering a move, this is still a great time to sell a house in Stratford. Do you know anyone looking for more information about their real estate market? I’d be happy to help.
12 Month Sales Activity
Housing Stats
(change from previous month)
| Median Sale Price: | $349,000 |
| change: | -3.72% |
| YTD change: | 6.56% |
| Units Sold: | 70 |
| change: | 9.38% |
| Active Listings: | 135 |
| change: | -19.64% |
| New Listings: | 52 |
| change: | -45.83% |
| Days on Market: | 17 |
| change: | -34.62% |
| Months of Supply: | 2.20 (Seller's Market) |
| change: | -18.52% |
Interest Rates
Market Temperature
Local Real Estate Price Trends
| 21-Jul | 21-Aug | Change | |
| Bethel | $500,000 | $440,000 | -12.00% |
| Bridgeport | $325,000 | $297,000 | -8.62% |
| Brookfield | $437,500 | $450,000 | 2.86% |
| Danbury | $400,000 | $440,000 | 10.00% |
| Easton | $682,000 | $775,000 | 13.64% |
| Fairfield | $706,500 | $776,000 | 9.84% |
| Milford | $404,500 | $422,500 | 4.45% |
| Monroe | $511,000 | $479,150 | -6.23% |
| Newtown | $500,000 | $515,000 | 3.00% |
| N. Haven | $438,500 | $375,250 | -14.42% |
| Orange | $500,000 | $405,000 | -19.00% |
| Oxford | $510,000 | $460,000 | -9.80% |
| Redding | $640,000 | $625,464 | -2.27% |
| Ridgefield | $875,000 | $835,000 | -4.57% |
| Seymour | $325,000 | $302,500 | -6.92% |
| Shelton | $442,500 | $432,500 | -2.26% |
| Stratford | $362,500 | $349,900 | -3.48% |
| Trumbull | $505,000 | $500,000 | -0.99% |
| Weston | $1,145,500 | $1,025,000 | -10.52% |
| Westport | $1,557,500 | $1,750,000 | 12.36% |
Tips
Why Living Simply Is Good For The Planet
Those who embrace a minimalist lifestyle are frequently motivated by the mental and emotional benefits of consuming less. As another unexpected benefit, they’re living a lifestyle that is also good for the environment. Others who seek a zero-waste lifestyle are driven by their positive impact on the planet. Both philosophies embrace choosing products that last and resisting mindless consumerism.
Once you understand the personal benefits of living with less, you can begin to make small changes one step at a time to lead you down a path of significant impact. Here are five ways to help you start incorporating sustainable practices into your daily life.
- Repair or repurpose broken items instead of tossing them out. When it’s time to replace, search for high-quality products that last.
- Buy items secondhand from thrift stores or online retailers like thredUP or Poshmark. Companies like Patagonia and REI also offer used apparel.
- Slow down so you can make mindful purchases. Consider disabling the “one-click” buying option from online retailers, and institute a waiting period before making large purchases to curtail impulse spending.
- As you use them up, replace disposable products with reusable items when possible. For example, plastic bags can be replaced with silicone options and dish sponges swapped out for compostable bamboo brushes.
- Look for companies with sustainable labels like USDA Organic, Certified B Corporation or Fair Trade Certified. Additionally, try to seek out organizations that offer extended warranties and free repair programs.
Maximize Your Workouts
Give these healthy habits a try to enhance your workouts.
Eat Before and After.
Eating a small snack an hour before exercising can help you stay energized during your workout, while eating within two hours after a workout supports muscle recovery.
Set a Time Limit.
Research shows that workouts are more efficient when done with higher intensity over a shorter period of time. Try keeping your workouts around 30-40 minutes at maximum effort.
Compound It.
If you don’t have a lot of time for exercise, incorporating compound movements — where multiple muscle groups are worked at once — can be more effective than single exercises. Popular compound movements include squats, push-ups, deadlifts, and rows.
Real Estate Headlines
New Listings Jump 5.1%; Price Adjustments Moderate: More homeowners are listing their homes for sale, which is opening up options for anxious home buyers who have faced fierce competition the last few months over a limited housing stock. New listings rose 5.1% in the 50 largest metros. Also, as more inventory and new listings arrived on the market in August, the rate of sellers making price adjustments has also begun to approach more normal levels, realtor.com® notes.
Property Taxes Are About to Rise: Skyrocketing home prices over the last year may soon hit current homeowners in the form of property taxes. Housing experts are predicting property taxes nationwide to climb higher in 2021 than the 4% uptick in 2020. according to realAppeal, property taxes nationwide are expected to increase by about 6.5% in 2021. The 2020 housing boom may take a couple years to fully translate into dramatically higher property tax bills because counties usually reassess property values every few years.
Home Equity Hits Record High: Housing equity surged nearly 40% compared to a year ago and is at a record high, according to a new report from Black Knight, Inc. The average mortgage holder now has $173,000 in equity.
Mortgage Demand Hits Two-Month Low: Another sign the housing market may be cooling: Loan applications for home purchases—a gauge of housing demand—are now 18% lower than a year ago, the Mortgage Bankers Association reported Wednesday. More listings are coming on the market, offering home buyers more choices. But some potential buyers are still getting priced out. Home prices are nearly 18% higher than a year ago, according to the National Association of REALTORS®.
Owners Turn to Appliance Upgrades to Boost Home Value: Three out of four homeowners would rather fix or replace appliances than accept a lower offer when selling their home, according to a new survey of about 1,000 consumers from Cinch Home Services. On average, homeowners believe upgrading their home’s appliances will increase their home’s value by $13,668.
Building Material Costs Continue to Surge: A recent decline in lumber prices is helping to mitigate building costs, but that effect is being offset by numerous increases in other building materials that are surpassing records. Home building materials have climbed by up to 19% over the past year, according to the Bureau of Labor Statistics Producer Price Index. Building materials that have seen the largest increases include: steel mill products, asphalt, plastic water pipe, fertilizer, veneer lumber, concrete, copper pipe.
Home Repairs Lead to Couple Spats: Many couples who live together admit to fighting over household repairs—some even breaking up over them, according to a new survey from Cinch Home Services, a home warranty company. Nearly 52% of about 1,000 respondents said they fought with their partner over home repairs.
It’s Apple Season In Connecticut
Fall is just about upon us, which means it’s time to pull out the sweaters, pack up the kids and head off to one of Connecticut’s famous apple orchards. Nothing beats a crisp sunny Autumn weekend filled with hand-picked apples, fresh pressed cider and of course, cider donuts for the ride home. As well as apples, preserves and baked goods, many of CT’s orchards offer time honored activities such as hayrides, straw maze’s and petting zoos. September and October are the perfect months to get outside, take a drive and explore the wonders that CT’s orchards have to offer.
Upcoming Events
Welcome Fall! Connecticut’s event schedule is packed with outdoor concerts, plays, festivals, craft shows and more. So grab the family, hit the road and enjoy some of the area’s great fun filled events.
Sales Trends: January - August
August Single-Family Home Sales
(OLP: original list price • LP: list price • SP: sale price • DOM: days on market)
| Address | Style | sq ft | BR | BA (f/h) | OLP | LP | SP | SP/OLP | DOM |
| 40 Laughlin Rd E. | Colonial | 1,218 | 2 | 1/0 | $289,000 | $289,000 | $285,000 | 99% | 13 |
| 60 Circle Dr | Raised Ranch | 1,132 | 3 | 1/1 | $340,000 | $330,000 | $326,000 | 96% | 14 |
| 505 Birdseye St | Cape Cod | 1,360 | 3 | 3/0 | $329,900 | $329,900 | $334,500 | 101% | 69 |
| 760 Nichols Ave | Ranch | 1,152 | 5 | 2/0 | $335,000 | $335,000 | $340,000 | 101% | 54 |
| 136 General St | Colonial | 1,600 | 3 | 2/1 | $359,000 | $359,000 | $371,000 | 103% | 4 |
| 28 Edmund St | Colonial | 1,913 | 3 | 3/0 | $349,999 | $349,999 | $375,000 | 107% | 13 |
| 82 Cutspring Rd | Cape Cod | 2,898 | 3 | 2/1 | $429,500 | $429,500 | $475,000 | 111% | 30 |
| 177 Anson St | Colonial | 2,200 | 3 | 2/1 | $449,900 | $449,900 | $520,000 | 116% | 64 |
| 280 Larkin Ct | Half Duplex | 1,252 | 2 | 1/0 | $200,000 | $190,000 | $182,000 | 91% | 26 |
| 35 Sulik Ter | Cape Cod | 1,367 | 3 | 1/0 | $220,000 | $220,000 | $256,100 | 116% | 2 |
| 33 Vine St | Colonial | 1,768 | 2 | 1/0 | $289,000 | $289,000 | $289,000 | 100% | 73 |
| 140 Claudia Dr | Cape Cod | 1,287 | 3 | 1/0 | $319,900 | $299,900 | $299,900 | 94% | 17 |
| 320 Keating Dr | Ranch | 3,093 | 3 | 3/0 | $479,000 | $469,000 | $480,000 | 100% | 49 |
| 77 King St | Colonial, Half Duplex | 2,128 | 3 | 2/0 | $299,900 | $299,900 | $312,500 | 104% | 66 |
| 200 Quenby Pl | Ranch | 1,218 | 2 | 1/0 | $345,000 | $345,000 | $350,000 | 101% | 29 |
| 1655 James Farm Rd | Colonial | 2,030 | 3 | 2/1 | $350,000 | $350,000 | $350,000 | 100% | 98 |
| 36 Sultan St | Colonial | 1,422 | 3 | 1/1 | $375,000 | $375,000 | $355,000 | 95% | 14 |
| 85 Paradise Ct | Raised Ranch | 2,060 | 3 | 2/1 | $380,000 | $380,000 | $425,000 | 112% | 7 |
| 385 Cutspring Rd | Colonial | 2,800 | 4 | 2/1 | $629,000 | $629,000 | $629,000 | 100% | 1 |
| 148 Henry Ave | Cape Cod | 1,210 | 3 | 1/1 | $210,000 | $210,000 | $222,000 | 106% | 42 |
| 101 Legion Ave | Cape Cod | 1,432 | 4 | 2/0 | $260,000 | $260,000 | $240,000 | 92% | 9 |
| 110 Ann Ter | Ranch | 1,194 | 3 | 1/0 | $349,000 | $349,000 | $370,000 | 106% | 64 |
| 1840 James Farm Rd | Colonial | 3,060 | 4 | 2/1 | $499,000 | $499,000 | $522,000 | 105% | 32 |
| 923 Academy Hill Rd | Colonial | 2,306 | 4 | 2/1 | $535,000 | $535,000 | $535,000 | 100% | 3 |
| 820 E. Main St | Colonial, Antique | 2,364 | 5 | 2/0 | $399,000 | $325,000 | $305,000 | 76% | 152 |
| 459 California St | Ranch, Cottage | 1,089 | 2 | 1/0 | $287,900 | $287,900 | $310,000 | 108% | 17 |
| 120 Milford Ave | Cape Cod | 1,291 | 3 | 1/1 | $289,900 | $289,900 | $310,000 | 107% | 5 |
| 142 McKinley Ave | Half Duplex | 1,316 | 3 | 1/1 | $210,000 | $210,000 | $210,000 | 100% | 18 |
| 39 Grove St | Ranch | 1,118 | 2 | 1/0 | $325,000 | $325,000 | $321,500 | 99% | 5 |
| 181 Captains Walk | Colonial | 2,344 | 3 | 3/0 | $364,900 | $364,900 | $380,000 | 104% | 33 |
| 80 Bunnyview Dr | Ranch | 1,344 | 3 | 2/0 | $379,000 | $379,000 | $400,000 | 106% | 3 |
| 143 Hamilton Ave | Ranch | 960 | 3 | 1/0 | $269,900 | $269,900 | $300,000 | 111% | 68 |
| 118 Marcroft St | Cape Cod | 1,859 | 3 | 1/1 | $315,000 | $315,000 | $365,000 | 116% | 66 |
| 140 Pumpkin Ground Rd | Split Level | 1,198 | 3 | 1/1 | $375,000 | $375,000 | $386,500 | 103% | 7 |
| 75 Fairfax Dr | Ranch | 2,802 | 4 | 3/0 | $375,000 | $375,000 | $390,000 | 104% | 3 |
| 1045 Chapel St | Cape Cod | 2,966 | 4 | 3/1 | $459,900 | $459,900 | $425,000 | 92% | 28 |
| 105 Sanford Pl | Cape Cod | 2,224 | 4 | 2/0 | $474,900 | $474,900 | $450,000 | 95% | 47 |
| 30 Burr Pl | Colonial | 1,528 | 3 | 1/1 | $329,900 | $329,900 | $305,000 | 92% | 4 |
| 209 Glenfield Ave | Cape Cod | 1,732 | 3 | 2/0 | $449,999 | $449,999 | $445,000 | 99% | 71 |
| 695 Connors Ln | Ranch | 1,392 | 3 | 1/0 | $325,000 | $325,000 | $353,500 | 109% | 4 |
| 134 Cedar Knoll Dr | Ranch | 2,400 | 5 | 2/0 | $375,000 | $375,000 | $385,000 | 103% | 15 |
| 344 Connors Ln | Raised Ranch | 1,922 | 3 | 1/1 | $369,000 | $369,000 | $400,000 | 108% | 10 |
| 383 McKinley Ave | Half Duplex | 952 | 2 | 1/0 | $110,000 | $110,000 | $110,000 | 100% | 9 |
| 250 Larkin Ct | Half Duplex | 1,328 | 3 | 2/0 | $180,000 | $180,000 | $180,000 | 100% | 8 |
| 100 Green Valley Rd | Cape Cod, Ranch | 1,373 | 2 | 1/0 | $349,900 | $349,900 | $349,900 | 100% | 43 |
| 170 Dahl Ave | Cape Cod | 1,146 | 4 | 1/0 | $370,000 | $370,000 | $360,000 | 97% | 10 |
| 95 Rustown Dr | Ranch | 1,196 | 3 | 1/0 | $299,000 | $299,000 | $300,000 | 100% | 4 |
| 194 Rockland Ave | Cottage | 1,224 | 2 | 1/1 | $299,000 | $299,000 | $320,000 | 107% | 48 |
| 1983 Nichols Ave | Cape Cod | 1,440 | 3 | 1/0 | $325,000 | $325,000 | $345,000 | 106% | 33 |
| 95 Elizabeth Ter | Colonial | 1,398 | 3 | 1/1 | $299,900 | $299,900 | $330,000 | 110% | 6 |
| 965 Riverton Ter | Colonial | 1,590 | 3 | 1/1 | $315,000 | $315,000 | $335,000 | 106% | 8 |
| 10 Creston Rd | Cape Cod | 1,134 | 3 | 1/0 | $349,900 | $349,900 | $349,900 | 100% | 2 |
| 50 Glenwood Ave | Colonial | 1,658 | 3 | 1/1 | $349,900 | $339,900 | $352,400 | 101% | 31 |
| 226 Parkway Dr | Colonial | 2,194 | 4 | 2/0 | $399,000 | $465,000 | $465,000 | 117% | 28 |
| 1160 South Ave | Colonial | 2,243 | 3 | 1/0 | $330,000 | $330,000 | $323,000 | 98% | 42 |
| 57 Woodend Rd | Half Duplex | 1,224 | 3 | 1/1 | $169,900 | $169,900 | $150,000 | 88% | 209 |
| 1285 E. Main St | Colonial | 1,900 | 3 | 1/1 | $349,900 | $349,900 | $375,000 | 107% | 67 |
| 40 Motil Pl | Ranch | 3,800 | 3 | 3/0 | $435,000 | $435,000 | $425,000 | 98% | 76 |
| 1980 Cutspring Rd | Colonial | 3,185 | 4 | 2/1 | $494,900 | $494,900 | $521,500 | 105% | 4 |
| 85 Sheffield Dr | Raised Ranch | 2,194 | 3 | 2/0 | $449,000 | $449,900 | $472,000 | 105% | 5 |
| 665 Wilcoxson Ave | Cape Cod | 1,147 | 2 | 1/0 | $275,000 | $275,000 | $289,000 | 105% | 16 |
| 218 Henry Ave | Colonial | 1,110 | 2 | 1/1 | $268,218 | $268,218 | $300,000 | 112% | 16 |
| 1156 Wells Pl | Colonial | 1,408 | 3 | 1/1 | $299,900 | $299,900 | $319,000 | 106% | 12 |
| 130 Grove St | Colonial | 1,510 | 4 | 2/0 | $449,000 | $449,000 | $449,000 | 100% | 45 |
| 2777 Broadbridge Ave | Colonial, Half Duplex | 1,296 | 3 | 1/1 | $249,000 | $249,000 | $270,000 | 108% | 5 |
| 1795 Broadbridge Ave | Cape Cod | 2,026 | 4 | 2/0 | $309,900 | $309,900 | $320,000 | 103% | 71 |
| 50 Ripton Parish | Contemporary, Raised Ranch | 2,033 | 3 | 3/0 | $495,000 | $495,000 | $480,000 | 97% | 76 |
| 231 Nichols Ave | Colonial | 1,200 | 3 | 1/0 | $169,900 | $169,900 | $233,500 | 137% | 14 |
| 113 Temple St | Colonial | 1,177 | 3 | 2/0 | $319,000 | $309,000 | $295,000 | 92% | 101 |
| 1087 Nichols Ave | Ranch | 1,236 | 3 | 1/0 | $339,000 | $329,000 | $360,000 | 106% | 17 |
| Units Sold: 70 | $339,500 | $330,000 | $349,900 | 103% | 17 |
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