As you can see in the table below, Prices paid (median price) for Single Family homes in Stamford (3 or 4 Bedrooms, between 1,500 and 2,000 SqFt.) in October 2002 were 70.46% over the median price paid for similar homes in October 2000 ($479,000 vs. $360,500).
Prices have decreased from $614,500 in October 2004 to $505,000 in October 2007, or a 17.81%.
Overall, prices have increased 40% between October 2000 and October 2007 which represents a great ROI. A better performance than many stocks.
In the graphs below you can see how the number of listings sold and the average number of days on market have behaved in the last 7 years.
Prepared and published by Nestor N. Romero, REALTOR.
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