Trumbull Yearend Update 2007
Sales of Single Family Homes
Trumbull has always been known for value. Just one town past the "last" commuter town of Fairfield, buyers have always found a lot for their money. So there is the dilemma - either pay of larger mortgage payment in Fairfield or have a longer commute each day to the high paying jobs in Stamford, Westchester County and New York City.
Trumbull is seeing a similar trend to its neighboring towns. Unit Sales are off almost 20% from 2005. This represents a small decline from a slow 2006. Both Median and Average Selling prices have continued at a stable to up a bit pace. Homes in Trumbull are getting larger and moving up in price. Thirteen Homes sold in this past year for $1 Million or more.
Trumbull Update | |||||
Year to Date Sales of Single Family Homes | |||||
As of December 31 | |||||
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| 2007 | 2006 | 07 vs 06 | 2005 | 07 vs 05 |
Closes | 376 | 385 | -2% | 462 | -19% |
Median Price | $473,691 | $460,000 | 3% | $461,500 | 3% |
Avg Selling Price | $520,948 | $507,615 | 3% | $508,799 | 2% |
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Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate | |||||
Or visit my web site at: www.tetreau.com
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