According to the statistics that the University of Connecticut’s School of Business’s for Real Estate and Urban Economic Studies home value prices over all have fallen from their peak in 2006 in Fairfield County, Connecticut by an average of almost $244,047.
According to the report mid-tier* home values in 14 Fairfield County cities and towns have diminished since 2006 with New Canaan having the largest decrease of $533,058 and Monroe at the opposite end with accumulated decrease of $129,584. Obliviously these are reflective of the median price point of single family homes in each town. Currently in:
- New Canaan the median sold price Year to Date March 2012 is $1,080,000.
- New Canaan median sold price Year to Date 2011 was $1,971,750.
- Monroe the median sold price Year to Date March 2012 is $331,250.
- Monroe median sold price Year to Date 2011 was $378,000.