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Shelton Home Values Down in Q2

In the second quarter, the value of a "mid-tier" single-family home in Shelton fell 7.4 percent, though values in Trumbull increased, analysts say.

According to new data from the School of Business’s Center for Real Estate and Urban Economic Studies, the value of a single-family home Shelton fell 7.4 percent in the second quarter of 2012.

The year-over-year drop—from $341,643 to $316,294 for a so-called “mid-tier” home—marks a continuing trend in Shelton. According to the Uconn center, Shelton since the fourth quarter of 2011.

The center defines a “mid-tier” home in Shelton as 28 years old and with 1,786 square feet. Each quarter, the center produces “constant quality indices” that track the changing value of homes in Connecticut towns by minimizing variables such as inflation and seasonality, as well as the effect a low-volume sales quarter has on average prices.

The declines in Redding and Weston aren't isolated in Fairfield County.

Among 18 towns in the county whose data is tracked by the center, just five municipalities—Bridgeport, Darien, Greenwich, Stamford and Trumbull—saw single-family home values increase

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Use the search form above to track the change in estimated values of a mid-range home quarter by quarter since 2000. Interested in all things Shelton? Join us to discuss town matters with your neighbors, rate local businesses, and "like" us on Facebook and follow us on Twitter!

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year-over-year for Q2. On average, the value of single-family homes in those 18 towns fell 4.8 percent from 2011 to 2012 in the second quarter, according to the center.

Join a local conversation on real estate value: A , and each story includes a narrative summary of second quarter data.

Jeff July 30, 2012 at 12:24 PM
Didn' t we go through a "Recovery Summer" in 2010? Or was it 2009? Or was it 2011? Or don't unicorns fly over rainbows? Wait, this just in: it's Bush's fault, Haliburton's fault, the Tea Party's fault, those evil millionaire and billionaires fault. Feel better now? Then let them eat cake.

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