Monroe, Conn.: A ‘Family-centric’ Community With a Small-Town Feel

Mike Korchinski, a branch vice president at Coldwell Banker Realty, cited a 16 per cent boost in Monroe household rates final calendar year, and another 4 per cent boost in the course of the first quarter of 2022. “We are on speed for an yearly enhance of 12 per cent for 2022,” he stated. “It’s astronomical.”

But that hasn’t stopped customers. Jane Ferro, a profits affiliate with the Levinson Ferro Staff at Coldwell Banker, claimed sellers are receiving numerous offers within just days of listing their properties. “Inventory is reduced, purchasers are coming in droves and anything is going around inquiring.”

Dependent on information and facts delivered to and compiled by SmartMLS, Inc., as of Could 17 there were 18 one-relatives houses on the current market, from a 1,568-square-foot, three-bedroom colonial created in 1955 on .23 acres and listed for $190,000, to a 6,942-square-foot, 6-bedroom ­­­colonial developed in 1993 on 2.86 acres and listed for $1.749 million. There were being 10 condominiums for sale, from a 1,671-square-foot two-bedroom developed in 1994 and stated for $350,000, to a 2,456-square-foot, two-bedroom constructed in 2022 and mentioned for $579,900. There was one particular multifamily residence on the current market, a 3,591-sq.-foot five-bedroom outlined for $539,900.

The median sale selling price for a one-family members house all through the 12-thirty day period period ending May possibly 17 was $485,000, up from $440,800 through the preceding 12 months. For multifamily residences, the median price tag was $429,500, down from $470,000 during the preceding 12 months. For condominiums, the median price tag was $302,500, up from $235,000.