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Six panelists at Westfair Communications’ Commercial & Residential Real Estate Forecast event offered their views on the regional real estate market.
"In a state like Connecticut, finding an affordable home can be a challenge," said Karl Kilduff, CHFA’s executive director.
The proposal calls for the existing building, dating from the late 1920s, to be replaced with a structure containing 170 apartments and about 2,000 square feet of retail space.
The average size of a luxury sale has shrunk annually for four of the past five quarters.
Last month marked the lowest number of February single-family home sales since 2015.
Sistrunk has also been president and chairman of the board of directors of Danbury Housing Development Corp. since 2016.
The county’s residential brokers are pinning the slow year on a mix of factors.
October marked the third consecutive month that single-family homes sales in Connecticut have declined year-over-year.
Average sales prices in Fairfield County’s single-family, condo and luxury housing markets during the third saw declines on a quarter-over-quarter and year-over-year measurement, according to new data released by Douglas Elliman Real Estate.
The average estimated property value in Fairfield County of those projected to sell in the third quarter is $521,346.
The median sale price of condominiums rose 3.7 percent in July on a year-over-year basis to $175,000, a four-year high.
Last month’s figures found 201 permits issued for single-family homes and 190 approved for apartment complexes with at least five units.
While reverse mortgages still have a negative connotation for many, those fears are mostly misplaced, according to Nick Buscaglia, senior vice president for residential mortgage at M&T Bank.
As a social services agency dealing with the homeless, we are seeing more deaths from drug overdoses.