I was sharing with one of my friends the other day why now is a great time to buy in Meriden.
Let me share some statistics with you:
The median sale price of a residential home in Meriden is $181,300 as of Sept 3, 2008!
The average seller is still getting within 4% of asking price with 90 days of placing it on the market!
Let's talk about what that means:
Principal and Interest with a 1st time home buyer program is only $1,226 per month!
Average mortgage (including principal, interest, taxes and insurance) on a home within that price range is $1,600
In order to qualify for this mortgage the average buyer needs to make approx. $70,000 per year!
The interesting thing is that the median family income in Meriden is $57,122 making Meriden a very affordable place to live!
Currently there are 94 house on the market between $150,000 and $200,000!
Call me TODAY so I can show you some of these gorgeous homes like the one listed at $164,900. It's a colonial built in 2005 with 1477 sq. feet 1 car garage located off of the Chamberlin Highway.
Call my Direct Line: (203) 599-2910 or email me at your21realtor@aol.com
Comments(0)