Kathleen Packer, Realtor® Call (203) 258-3290

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Welcome to Bridgeport!

Connecticut's largest city is home to over 140,000 residents. Located on the coastline between New Haven and Stamford, Bridgeport is undergoing a revitalization. Lofts and condominiums are being built in the downtown area.

CNNMoney.com October 2006: 

Top 10 Cities: Where to Buy Now

3. Bridgeport, CT
63% Projected gain in home prices (5-year)*
Median home price Median home price
2006: $480,000
2011: $784,000
Population Population
2006: 910,000
2011: 934,000
Per capita income Per capita income
2006: $70,000
2011: $87,000
*Metro region statistics


The last place you'd expect to find undervalued real estate is in tony Fairfield County, home to ultra-exclusive towns like Greenwich and Darien, where the Masters of the Universe retreat after a tough day on Wall Street.

But a mere 20 miles up the coast lies the hardscrabble city of Bridgeport, which has long suffered from sleazy politics and urban decay but is finally cleaning up its act. The average home price is severely depressed - $280,000, compared with $840,000 in the county's other large urban setting, Stamford.

But the wealth is starting to spread: As more businesses have left New York for Greenwich and Stamford, more middle-class workers - entry-level professionals, executive assistants, and so on--have come too, and they're keen to take advantage of bargain prices.

"Bridgeport has fixed the corruption," says Norman Feinstein, a principal with New Jersey-based Hampshire Funds. "The local government is pro-development, and buildings are being rehabbed."

CAUTION: The new demand is not organically driven by Bridgeport's economy. If the New York business climate starts to slip, all bets are off.

 

 
 
 
 
 
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www.TrumbullAreaRealEstate.com

 

Kathleen Packer, Realtor,© William Raveis Real Estate, 945 White Plains Road, Trumbull Connecticut, 06611. Contact me: (203) 258-3290. Email: packerk@raveisre.com  Specializing in real estate and homes for sale in Trumbull Connecticut, including Tashua, Long Hill, Nichols, Trumbull Center and Trumbull Town Hall areas. Also Fairfield, Southport, Fairfield Beach, Stratfield, Greenfield Hill, Fairfield Center, Monroe, Easton, Stratford, Oronoque Village, Lordship, Bridgeport, Black Rock, Heritage Village, Aspetuck Village, Shelton, Huntington, and surrounding towns in Fairfield County Connecticut.
Licensed in Connecticut

Be sure to visit my other website:
ConnecticutCondosOnline.com

 

         

 

                

 


                                                                       

 

 

 


 

 

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