Bridgeport’s Housing Boom A Magnet For New Yorkers

Daddy Warbucks, Little Orphan Annie:

Ah Smell that. Marvelous. Fifth Avenue bus fumes. There’s no air like the air of New York. And you don’t realize how much you miss it – The whole damn city – Until you’ve been away from it for a while. Like the man says, “After New York, every place else is Bridgeport.”

The line from Little Orphan Annie (sometimes Buffalo slipped in) is a back-handed compliment to the Park City’s theater and pageantry back in the day.

Well, times have changed and the air in Bridgeport is smelling mighty nice to New Yorkers these days, particularly the smell of a new home.

Check this out, from Brian Lockhart, CT Post:

Charles Scott Sr., president of Tri-State Realty, did not need to be told how four-years worth of data shows the city’s Mill Hill and Hollow neighborhoods experienced some of the largest statewide spikes in home values.

“As we’re speaking I’m sitting right here in the middle of Mill Hill,” Scott said by phone from his car this past week. “I just took a deposit on a house.”

He said the property had been on the market for just 30 days and the new owners are from New York.

Neither of those details would be revelatory to anyone who has been paying attention to Bridgeport housing since the COVID-19 pandemic reached here in 2020. The combination of resultant low interest rates, a desire to move out of the denser New York City and Bridgeport’s then-more modest prices created a residential real estate boom in Connecticut’s largest municipality that Scott and others said continues.

Full story here

 

 

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