The state’s housing market appears slowly to be on the mend, though it still has a ways to go.
So, how much is a 4-bedroom, 2-bathroom housing going for in Connecticut?
Greenwich tops the state at $1.1 million and, at the other end of spectrum, Waterbury comes in as the most affordable, at $146,490, according to a new report from Coldwell Banker.
Nationally, two Connecticut towns made the top 25 most expensive markets for a 4-bedroom, 2-bathroom house. Greenwich came in at No. 15 among the 1,997 towns and cities surveyed for the report, and Westport was ranked No. 24, at $966,582. (Greenwich slipped from No. 8 in Coldwell Banker’s 2011 report on most expensive markets.)
Malibu, Calif. was the most expensive market nationally, at $2.15 million.
By contrast, Waterbury — the least expensive Connecticut market — was ranked the 126th most affordable market nationally in the survey.
The report, released today, is based on Coldwell Banker for-sale listings, not final selling prices, between January and June of this year. Average prices, rather than median prices are used, meaning the total for any market could be skewed by an extraordinary listing.
In addition, only towns and cities with at least 10, 4-bedroom, 2-bathroom listings were included in the survey. As a result, only 66 towns and cities in Connecticut were included in today’s report.
See the list of 66 towns here.
Statewide, the average was $399,844, far higher than the national average of $301,414. Connecticut was ranked the fifth highest state in the nation.