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CT home buyers see a wave of listings priced above $5 million - and not all in Greenwich
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CT home buyers see a wave of listings priced above $5 million - and not all in Greenwich
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If you wanted to rent a beach house on the Connecticut shoreline this summer, you re probably too late Prices are up and inventory is way down
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CT s booming housing market could soften with a rise in COVID-19 foreclosures
Alexander Soule
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A Godfrey Road home in Weston, Conn., listed for sale at the outset of the pandemic in 2020 and again heading into the spring of 2021, for just under $650,000. The listing could soon see price competition on nearby Ravenwood Drive, via the foreclosure auction of a home that carries a slightly lower assessed value, if the auction proceeds in March as scheduled.Alexander Soule /Hearst Connecticut Media /
As home buyers pick through Connecticut’s limited selection of properties heading into the spring market of 2021, the ugly underbelly of supply could come to bear on the market this year and next lenders seizing properties from borrowers who, due to evaporating income, health bills or other reasons, cannot keep up with payments on their mortgages.
Absolutely insanely busy: Greenwich real estate market stays hot into 2021
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Town properties are disappearing fast as sales are up and inventory is low. Realtors believe the surge that began last year when people started leaving New York City and coming to Greenwich to live during the pandemic has continued into 2021. One property still on the market is the historic mansion at 23 Khakum Wood Road in midcountry Greenwich, which is priced at $8.47 million.Photo / Courtesy of Robin Kencel Compass /
GREENWICH When COVID-19 hit last year, people started to flee New York City and headed for the Nutmeg State. As a result, Greenwich real estate sales shot through the roof in 2020.