The State of by scott thomas
As 2022 reveals itself, so too does
Stamford's residential market
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agent of Compass Stamford. “I’ve never seen anything like it in my eighteen years of real estate.” Coming off a year in which unit sales jumped 24 percent, it was unrealistic to continue that kind of sustained run. Still, unit sales increased—in the third quarter alone, sales jumped 35 percent—and ended the year about 10 percent above 2020, according to the MLS, with an average sales price increase of 15 percent. While Stamford real estate continued its two-year winning streak, it also brought about undesirable consequences. “It was a complicated year,’’ says Barbara Hickey, an agent for William Pitt Sotheby’s International Realty. “That’s what happens when you’re dealing with so much volume. Everything moved at a rapid pace. You’re just pumping
hether it is the blackjack table at a Connecticut casino, a basketball game or even an evolving relationship, momentum is a curious thing. It starts without warning, maintains uncertain durability and seemingly loses steam as innocently as it started. There are often multiple factors in any hot streak, which can be evaluated only afterwards. Such is the case for the Stamford real estate market. The momentum that was generated in 2020 continued unabated throughout the following year. “If I had to summarize the year, I would call it unprecedented, competitive and hot,’’ says Staci Zampa, a founding
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