3Q2019 New Haven Milford CT Metro HPI Continues All Transactions Value Appreciation +2.29 points
Happy Thanksgiving!
My Metro New Haven Milford Connecticut neighborhood has continued to appreciate for thirty months since 1 Q2017. in the past 90 days our All Transactions index rose 2.29 to 190.48
It's important to note that since June 30, 2012 my market has maintained stability with appreciation, while trailing the national averages, a condition that may present deferred appreciation value. This pattern of deferred appreciation I have previously discussed can be examined in the 1991- 1997 period following the Saving and loan debacle that followed the late 1980's expansion. My observations of professional data are presented to help you gain perspective and identify potential value. There are "Multiple Values of Home Ownership" besides appreciation, since most people have to spend money for shelter.
My observations are not intended to be a statement of future value as I only report what happened in a specific market defined by time, inventory, and economy. My experience in Comparable Market Analysis enables me to integrate a multitude of value indicators to deliver an accurate present and historical representation of a specific property.
Evidence of market confidence can be seen in an increasing presence of Home Equity (HELOC) Loan advertisements, and Mortgages with no appraisal requirement.
Connecticut remains a great value for many reasons, including
250 miles of coastline
3rd Healthiest 2018 population in the USA
#4 ranked for bio science patents in the USA
#5 ranked for 2018 Pre-K education quality in the USA
#1 for 2018 College readiness in the USA with 38 colleges
100 minuet Amtrak travel to New York
Hospitable Climate
When you want to learn more contact "David Carr Ct Real Estate"
Look at my market with me free and secure app http://homesnap.com/david-carr-1
Visit my company webpage
I'm here when the time is right for you,
The foundation of your success in real estate since 1996
Note from the same 3Q2019 All Transactions index how my All Transactions HPI Metro has not fully recovered from the 2008 Black Swan peak
"New Haven-Milford, CT" 35300 2004 4 189.63 -1.23 APPRECIATION CONTINUES
"New Haven-Milford, CT" 35300 2005 1 194.35 -1.27
"New Haven-Milford, CT" 35300 2005 2 201.66 -1.31
"New Haven-Milford, CT" 35300 2005 3 208.42 -1.34
"New Haven-Milford, CT" 35300 2005 4 212.6 -1.39
"New Haven-Milford, CT" 35300 2006 1 216.07 -1.44
"New Haven-Milford, CT" 35300 2006 2 217.54 -1.43
"New Haven-Milford, CT" 35300 2006 3 217.74 -1.43
"New Haven-Milford, CT" 35300 2006 4 219.06 -1.44
"New Haven-Milford, CT" 35300 2007 1 220.38 -1.46 PEAK VALUE
"New Haven-Milford, CT" 35300 2007 2 219.7 -1.43
"New Haven-Milford, CT" 35300 2007 3 217.17 -1.41
"New Haven-Milford, CT" 35300 2007 4 215.58 -1.41
"New Haven-Milford, CT" 35300 2008 1 215.02 -1.38
"New Haven-Milford, CT" 35300 2008 2 208.68 -1.36
"New Haven-Milford, CT" 35300 2008 3 201.42 -1.34
"New Haven-Milford, CT" 35300 2008 4 200.46 -1.35
"New Haven-Milford, CT" 35300 2009 1 202.2 -1.3
"New Haven-Milford, CT" 35300 2009 2 195.03 -1.24
"New Haven-Milford, CT" 35300 2009 3 189.32 -1.24 BEGIN 190 NEGATIVE EQUITY
Property would be of equal/higher value when purchased after 3Q2009 after enduring ten years of undervaluation
"New Haven-Milford, CT" 35300 2009 4 189.69 -1.25
"New Haven-Milford, CT" 35300 2010 1 186.79 -1.25
"New Haven-Milford, CT" 35300 2010 2 185.65 -1.23
"New Haven-Milford, CT" 35300 2010 3 187.44 -1.23
"New Haven-Milford, CT" 35300 2010 4 186.91 -1.2
"New Haven-Milford, CT" 35300 2011 1 181.72 -1.22
"New Haven-Milford, CT" 35300 2011 2 177.87 -1.21
"New Haven-Milford, CT" 35300 2011 3 178.97 -1.2
"New Haven-Milford, CT" 35300 2011 4 179.74 -1.17
"New Haven-Milford, CT" 35300 2012 1 176.97 -1.17
"New Haven-Milford, CT" 35300 2012 2 174.49 -1.16 CARR VALUESHELF ESTABLISHED
"New Haven-Milford, CT" 35300 2012 3 174.77 -1.16
"New Haven-Milford, CT" 35300 2012 4 175.02 -1.16
"New Haven-Milford, CT" 35300 2013 1 174.98 -1.17
"New Haven-Milford, CT" 35300 2013 2 174.62 -1.18
"New Haven-Milford, CT" 35300 2013 3 174.28 -1.21
"New Haven-Milford, CT" 35300 2013 4 173.03 -1.29
"New Haven-Milford, CT" 35300 2014 1 171.68 -1.32
"New Haven-Milford, CT" 35300 2014 2 171.7 -1.27 TECHNICAL LOW FOR MOST
"New Haven-Milford, CT" 35300 2014 3 172.52 -1.25 APPRECIATION
"New Haven-Milford, CT" 35300 2014 4 173 -1.25
"New Haven-Milford, CT" 35300 2015 1 175.5 -1.28
"New Haven-Milford, CT" 35300 2015 2 175.86 -1.29
"New Haven-Milford, CT" 35300 2015 3 174.86 -1.31
"New Haven-Milford, CT" 35300 2015 4 175.76 -1.35
"New Haven-Milford, CT" 35300 2016 1 175.15 -1.37
"New Haven-Milford, CT" 35300 2016 2 177.04 -1.35
"New Haven-Milford, CT" 35300 2016 3 177.95 -1.3
"New Haven-Milford, CT" 35300 2016 4 178.06 -1.33
"New Haven-Milford, CT" 35300 2017 1 176.7 -1.48
"New Haven-Milford, CT" 35300 2017 2 177.48 -1.41
"New Haven-Milford, CT" 35300 2017 3 178.63 -1.42 CARR VALUESHELF EXCEEDED
"New Haven-Milford, CT" 35300 2017 4 180.66 -1.44
"New Haven-Milford, CT" 35300 2018 1 181.04 -1.59
"New Haven-Milford, CT" 35300 2018 2 180.6 -1.44
"New Haven-Milford, CT" 35300 2018 3 183.8 -1.5
"New Haven-Milford, CT" 35300 2018 4 184.45 -1.52
"New Haven-Milford, CT" 35300 2019 1 184.27 -1.62
"New Haven-Milford, CT" 35300 2019 2 188.19 -1.51
"New Haven-Milford, CT" 35300 2019 3 190.48 -1.46
As we compare the All Transactions (AT) cohort above to the “Purchase Only Not Seasonally Adjusted" (PONSA) Values below, we see Year To Date (YTD)Growth of 6.57 in my New Haven Milford CT Metro of 6.57 and a one quarter decline of 0.43.Looking back to 3 Q 2017 we see a net NSA growth of 9.71. The PONSA is a quarterly decrease in value compared t the 2.29 increase in the All Transactions (AT) data-set. Its important to understand the distinction between these two data-sets as previously discussed in my market analysis and FHFA materials.What does this mean to you? In my opinion as a real estate professional, not a statistician, this is one point of information that can be compared to other hyper local comparable values in your target market Price, Amenity, Location and Time (PALT).
NOTE_ You have to read through this text alignment it did not copy the same,
FHFA HPI PURCHASE ONLY 3Q2019 11/27/2019Not &Seasonally Adjusted NSA SAHaven- Mlford, CT" 2006 1 196.02 198.06Haven-Milford, CT" 2006 2 200.01 198.23Haven-Milford, CT" 2006 3 197.82 195.14Haven-Milford, CT" 2006 4 193.56 195.78Haven-Milford, CT" 2007 1 199.39 201.6Haven-Milford, CT" 2007 2 201.95 200.22 -----PEAK S.A.Haven-Milford, CT" 2007 3 201.13 197.82Haven-Milford, CT" 2007 4 193.55 195.98Haven-Milford, CT" 2008 1 185.58 188.11Haven-Milford, CT" 2008 2 186.69 185.03Haven-Milford, CT" 2008 3 182.58 179.04Haven-Milford, CT" 2008 4 177.15 179.27Haven-Milford, CT" 2009 1 176.84 180.16Haven-Milford, CT" 2009 2 173.31 171.56Haven-Milford, CT" 2009 3 179.01 174.94Haven-Milford, CT" 2009 4 168.73 170.78Haven-Milford, CT" 2010 1 166.24 170.04Haven-Milford, CT" 2010 2 172.54 170.65Haven-Milford, CT" 2010 3 174.46 170.09Haven-Milford, CT" 2010 4 160.37 162.26Haven-Milford, CT" 2011 1 153.85 157.84Haven-Milford, CT" 2011 2 163.18 161.3Haven-Milford, CT" 2011 3 162.24 157.98Haven-Milford, CT" 2011 4 160.71 162.68Haven-Milford, CT" 2012 1 150.79 154.67--- LOWEST POINT ON LINE ABOVE ---Haven-Milford, CT" 2012 2 158.12 156.3-----CARR NSA VALUE SHELF BEGINS ON LINE ABOVE--------Haven-Milford, CT" 2012 3 161.56 157.57Haven-Milford, CT" 2012 4 151.38 152.98Haven-Milford, CT" 2013 1 154.61 158.4Haven-Milford, CT" 2013 2 160.38 158.69Haven-Milford, CT" 2013 3 161.41 157.73Haven-Milford, CT" 2013 4 157.76 159.33Haven-Milford, CT" 2014 1 153.58 156.77Haven-Milford, CT" 2014 2 155.78 154.44Haven-Milford, CT" 2014 3 158.74 155.56Haven-Milford, CT" 2014 4 155.01 156.31Haven-Milford, CT" 2015 1 154.99 157.71Haven-Milford, CT" 2015 2 159.08 158.02Haven-Milford, CT" 2015 3 162.28 159.36Haven-Milford, CT" 2015 4 158.27 159.46Haven-Milford, CT" 2016 1 156.72 159.12Haven-Milford, CT" 2016 2 163.91 162.80-----CARR ALL TRANS VALUE SHELF ENDS ON LINE ABOVE-----Haven-Milford, CT" 2016 3 161.48 159.08Haven-Milford, CT" 2016 4 161.93 162.89Haven-Milford, CT" 2017 1 160.8 163.13Haven-Milford, CT" 2017 2 163.53 162.30--------CARR NSA VALUE SHELF ENDS ON LINE ABOVE-------Haven-Milford, CT" 2017 3 165.72 163.61 (+2.19)Haven-Milford, CT" 2017 4 165.07 166.02 (-0.65-YTD +4.27)Haven-Milford, CT" 2018 1 167.5 169.79 (+ 2.43)Haven-Milford, CT" 2018 2 169.45 167.98 (+1.95)Haven-Milford, CT" 2018 3 170.72 168.9 (+1.27)Haven-Milford, CT" 2018 4 168.88 169.8 (-1.84)(YTD +2.3 NSA)Haven-Milford, CT" 2019 1 168.86 171.07 (-0.02)Haven-Milford, CT" 2019 2 175.96 174.3 (+7.10)Haven-Milford, CT" 2019 3 175.43 173.75(-0.43)(YTD+6.57 NSA)SOURCE: https://www.fhfa.gov/DataTools/Downloads/Documents/HPI/HPI_PO_mAs we compare the All Transactions (AT) cohort at the beginning to the “Purchase Only Not Seasonally Adjusted (PONSA)” Values we see Year To Date (YTD) Growth of 6.57 in my New Haven Milford CT Metro of 6.57 and a one quarter decline of 0.43.Looking back to 3 Q 2017 we see a net NSA growth of 9.71 over two years. The 3Q2019 PONSA presents a 0.43 quarterly decrease in value compared to the 2.29 increase in the All Transactions (AT) dataset. It's important to understand the distinction between these two datasets as previously discussed in my market analysis and FHFA materials.What does this mean to you? In my opinion as a real estate professional, not a statistician, this is one point of professionally complied public information that can be compared to other hyper local comparable values in your target market Price, Amenity, Location and Time (PALT).
My observations are not intended to be a statement of future value as I only report what happened in a specific market defined by time, inventory, and economy. My experience in Comparable Market Analysis enables me to integrate a multitude of value indicators to deliver an accurate present and historical representation of a specific property.
When you want to learn more contact "David Carr Ct Real Estate" Look at my market with me free and secure app http://homesnap.com/david-carr-1 Visit my company webpage I'm here when the time is right for you, The foundation of your success in real estate since 1996
Since 1996 I, David Carr, have established licensed fiduciary relationships with buyers and sellers of real property in Connecticut. My goal is to provide exceptional needs assessment, value identification, transparent transaction management, and comparable market analysis. My experience, care for my clients, and team at Berkshire Hathaway Home Services New England (“On the Green” in Milford, CT.) add value to the quality of service I provide. For more information to schedule an appointment call 203-877-2704 x400826.
Price, Amenity, Location and Time (PALT). -CARR VALUE SHELF Copyright 2019 All Rights Reserved
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