Change in town grand list values over time

Many towns experienced an increase in their grand list between 2013 and 2014 but the vast majority are still below where they were in 2008, according to an analysis of recently released data from the Office of Policy and Management.

Only 15 towns, including Stamford and Bridgeport, have rebounded from the Great Recession and seen an increase in the aggregate valuation of taxable properties.

Click here for interactive map.

The most recent grand list data for municipalities is from 2014, but more recent data from a different study, which looks only at home values, shows that a downward trend in that category might be continuing statewide.

Home values in all other states increased between 1 and 10 percent from 2015 to 2016, but Connecticut’s decreased by half a percent, according to a recently released report from CoreLogic.

Connecticut was the only state in the country to show a valuation decline from 2015 to 2016.  Connecticut also was one of five states in the study furthest from peak home values – 20.1 percent below.

Article from Trend CT

Real Estate Values After an Election

Whether you believe that our long national nightmare has ended, is just beginning, or is somewhere in between, we can all get behind the fact that real estate values have been depressed in an election  year, historically, and therefore the years after presidential elections are good ones for value.  The attached chart shows the trend over multiple election cycles.  The most likely cause is uncertainty, which is probably why the stock market dipped right before this election and rebounded afterward, when the orderly transfer of power seemed much more assured.



Since uncertainty is bad for real estate, the opposite should be true, no matter what the certainty is.  Therefore, it wouldn't matter what opinions people held about the outcome, only that the outcome is now clear.  This leaves a window, before values likely go up next spring, when buyers should try to benefit from both the season, and the current lower prices.  The window of opportunity is apparent, so act now, before it closes.