Milford PPSF House Values Plummet 51.5% In One Year!

The price per square foot or (PPSF) value on a home is a number that has many indications, but is often the figure that resembles the "canary in the coal mine" of Real Estate.

When the PPSF takes a dive the main reason is property neglect, neglect that can occurr due to homes being sold at discount prices to compensate new owners for the additional work these homes need.

In Milford there are 78 homes in the pre-foreclosure stage, and in my neighborhood there is one bank owned home that is not even for sale. As the home sits vacant the elements and bank neglect are incurring the wrath of nature and making the "out of pocket" restoration expenses to that home increase and the PPSF to plummet.

The following report on Milford is from Trulia, and tells a chilling tale! A tale that suggests many people in our community are letting the insides and outsides of their homes fall apart to avoid or delay costly repairs.  None-the-less home inspectors are reporting these discrepancies and shoddy workmanship at alarming rates.

According to Trulia the "average price per square foot for Milford CT was $207, a decrease of 51.5% compared to the same period last year. The median sales price for homes in Milford CT for Jun 10 to Aug 10 was $277,000 based on 89 home sales. Compared to the same period one year ago, the median home sales price increased 2.6%, or $7,000, and the number of home sales decreased 36.4%. There are currently 518 resale and new homes in Milford on Trulia, including 5 open houses, as well as 78 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

The average listing price for homes for sale in Milford CT was $383,088 for the week ending Sep 22, which represents a decrease of 1.9%, or $7,288, compared to the prior week. Popular neighborhoods in Milford include Post Road North and , with average listing prices of $269,621 and $383,088."

Source Trulia.com.

This Weeks Property Transfers

65 Tulip Tree Ct, James Parker Esse and Maria Turnage to Richard and Leighann Weber, $431,000.

109 Grant St, Angelo C. and Gene A. Memoli to Melissa P. Knauert, $475,000.

12 Alana Dr Unit 12, River Brook LLC to Chris Palumbo, $250,000.

14 Beverly Rd, Stephen and Lisa Young to Calogero A. Distefano, $385,000.

58 Botsford Ave, Pierpont Russell J Jr Est and Barbara Richards to Salvatore Cappetta, $135,000.

207 Broadway, Bank Of New York and Certificate Holders Inc to Brian W. Wellington, $260,000.

75 Carmen Rd, Nationstar Mortgage LLC to Vasilia Perselis, $241,500.

77 Carriage Dr Unit 77, Edmund Doglio to Terrence J. Garrison, $157,500.

250 Chapel St, US Bk and Master Alternative Loan T to Jonathan J. and Meredith L. Trottier, $215,600.

59 Colonial Ave, Lance S. Winer to Melissa Kamen, $258,000.

14 Cooper Ave, James B. and Janet E. Turiano to Elena Martinez, $170,000.

55 Earle St, Vincenza Garcia to Wells Fargo Bk, $1.

125 Eastern Pkwy, Maria F. Rimkus to Brandon M. Adams, $226,000.

34 Elaine Rd, Un Cha Deane to Barbara S. Werner, $239,900.

20 Elder St Unit 20, Thomas A. Maguire and Janet M. Shanley to David Colasanto, $203,000.

53 Fairfield St, Deutsche Bk to Michael Braccio, $136,000.

33 Foran Rd Unit 16, Mark Pueci to Paul Smith, $144,000.

33 Forest Rd Unit C, Bank Of New York Mellon to Marilyn P. Boone, $225,900.

6 Green Meadow Rd, Karey S. and Glenn V. Maxwell to Debora M. Taylor and James F. Weaver, $379,900.

118 Gulf St Unit 12, Marcia M. Benedosso to Megan Flaherty, $170,000.

61 Hackett St, Terence Lilly to Anthony J. Pantuso, $246,000.

146 High St Unit 101, Graham Wylie to Laura Sincavage and David Mcallen, $152,000.

53 Hilltop Cir, Robert N. Morrissey to Scott J. Cweklinski, $250,000.

2 Jackson Dr Unit 2, Annette Mezzanotte to Jerome Hampton, $210,000.

88 Joyce Ct, Kar Financial LLC to Terrence W. and Stacy D. Lilly, $325,000.

3 Kensington St, Russell Davies to Laura and Fabio Marinelli, $317,000.

157-1/2 Kings Hwy Unit F, Charles T. and Eileen J. Poarch to John A. Dubac, $306,500.

19-21 Marie St, Jose R. Suarez to HSBC Bank USA, $1.

180 Melba St Unit 105, Ocean Point LLC to Colleen Ryan, $189,900.

180 Melba St Unit 112, Ocean Point LLC to Celia Gote, $299,900.

74 Midwood Rd, Theodore W. and Leslie A. Bielecki to Christopher Canavan, $350,000.

498 Naugatuck Ave Unit C, Irene M. Pataiano to Jared J. Becker, $170,000.

783 Naugatuck Ave, Frederick W. Detar to Milton Investments LLC, $175,000.

158 New Haven Ave, Deborah Snyder and Kevin J. Cusseaden to Bank Of New York and Certificate Holders, $265,200.

843 North St, Joseph M. Wicklow and Joy A. Taylor to Doreen Castigaoli, $425,000.

169 Oronoque Rd, Donald J Ritchie RET and Donald J. Ritchie to David J. Field, $360,000.

208 Point Beach Dr Unit 3, Richard J. Cottrell and Anthony N. Benedosso to Aurora Loan Svcs LLC, $145,331.

6 Rita Ln, Yongsian Su and Oi Che to Erik Wattnem, $340,000.

153 Rogers Ave, Bank Of New York and Certificate Holders Cwabs to Brendan Magnan, $369,900.

61 Sandpiper Cres Unit 61, Christian Thompson to Patricia Sabasteanski, $322,000.

23 Silver St, MTS Rentals LLC to Gary J. and Diana L. Cirillo, $120,000.

14 Springdale St, Doris Cossett to Stephanie M. Mccarhern, $165,000.

39 Stiles St, Alicia and Robert L. Guevara to Craig Corey, $360,000.

417 Swanson Cres Unit 417, Carol A. Wiencko and Debra S. Masica to Jason Parsons and Lori Mcnulty, $188,000.

50 Underhill Rd, Adam J. and Susan S. Karvosky to Robert J. Thomas and Amanda A. Sternemanow, $263,900.

30 Wilcox Rd, Michael F. King and Carol K. Salvatore to Cynthia Johansson and Juan Muniz, $242,000.

56 Windy Hill Rd, John and Marlen Ivak to Glenn and Jocelyn Porzelt, $310,000.

N/a, William E. and Genevieve M. Chase to Ryan D. and Linda James, $322,500.


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