Welcome to our captivating residential real estate blog, where dreams find their address and stories unfold! Embark on a journey with us as we dive into the fascinating world of homes, unlocking secrets, and unveiling the beauty of dwellings that go far beyond mere bricks and mortar.

Curiosity beckons as we peel back the layers, exploring the tapestry of neighborhoods and the hidden gems they hold. Discover enchanting tales of architecture, where timeless craftsmanship meets innovative design, breathing life into spaces that inspire and ignite the imagination.

Indulge in the stories of captivating communities, each with its unique allure, and immerse yourself in the pulse of these vibrant residential landscapes. From bustling city streets to serene suburban enclaves, we navigate the diverse tapestry of residential living, painting vivid portraits of the lifestyles and cultures that thrive within each distinct backdrop.

But it doesn't end there. Our blog is your treasure map, guiding you through the maze of home buying and selling, empowering you with expert advice, insightful tips, and market trends that arm you with knowledge in this ever-evolving real estate landscape. Uncover the art of negotiation, master the art of staging, and learn the secrets of maximizing your investment, all within these virtual pages.

Whether you're a first-time homebuyer, a seasoned investor, or simply an enthusiast of the extraordinary, our blog invites you to explore the realm of residential real estate like never before. Join us as we unravel the stories, celebrate the triumphs, and showcase the exceptional properties that turn dreams into reality.

Prepare to be captivated, inspired, and enchanted. Welcome to our residential real estate blog, where every word, every image, and every insight is designed to ignite your imagination and awaken your sense of possibility. Let the journey begin!

The recent revaluation of real estate in Old Lyme has sparked concerns among residents about potential increases in property taxes. However, the relationship between property values and taxes is more nuanced than it may appear at first glance. Let’s break it down.

What is Property Revaluation?

Revaluation is the process by which towns adjust property assessments to reflect current market values. In Connecticut, properties are assessed at 70% of their appraised value. This means if your home is appraised at $600,000, your assessment will be $420,000.

Revaluation is done periodically to ensure fairness. Over time, real estate markets change, and some properties may appreciate faster than others. Without revaluation, some taxpayers might pay…

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The real estate market in Connecticut has been on a rollercoaster ride over the past few years, with home prices soaring in some areas while others experience more modest growth. As a homeowner, buyer, or investor, understanding these trends is crucial for making informed decisions. But how do you know if your town is thriving or if it's on the brink of a bubble? At Seaport Real Estate Services, we’ve developed an interactive map that offers real-time insights into the market dynamics of every town in Connecticut. In this blog, we'll dive into how this tool can help you navigate the complexities of the current market and what it could mean for your real estate decisions.

The Power of Real-Time Data:

One of the biggest challenges in real…

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Connecticut's real estate taxes can vary greatly depending on the municipality and districts within them.  The graphic above illustrates the base rates for each town. Additional rates are applied to specific locations where services are provided.  These services can include public water, sewer, trash removal,  police services, or a firehouse.  A town or district with a lower Mill rate may not offer these services.  Your real estate agent will be able to help you to determine the services offered and their importance to you when purchasing real estate. The average property tax rate in CT for 2024 is $28.93, with the highest being Hartford at $68.95 and the lowest being Salisbury at $11. 

2024 Mill Rates CT

How to Calculate Connecticut Property Taxes

The…

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I’m Andrew O’Reilly from Seaport Real Estate. Today, I’m not just a real estate professional, but also a fellow homeowner sharing my personal experiences and insights into the unique challenges of Connecticut’s real estate market.

 Our Family's Dream and the Market Reality

My family, like many in Connecticut, dreams of a new home – closer to the beach, with a bigger yard, a more spacious primary bath, and a walk-in closet. However, the current market makes this dream a complex decision. Our story reflects a widespread dilemma affecting homeowners throughout the state.

Interest rates have risen sharply, making new mortgages considerably more expensive than just a few years ago. We secured a mortgage at an incredibly low rate of 2.5%…

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Coastal Town

In the span of over two decades, Connecticut's coastal towns have painted a picturesque scene of New England charm and scenic waterfronts. However, beneath the surface of these idyllic communities lies a growing concern: the rising tide of housing prices, surging far faster than their residents' incomes.

#ConnecticutCoast #HousingMarket #EconomicTrends

Over the last 23 years, data reveals a trend that could reshape the fabric of towns like Stonington, Darien, and New Haven. While median household incomes have seen modest growth, median selling prices for homes have soared, in some cases, to more than double the income growth percentage.

#AffordableHousing #IncomeGrowth #RealEstateTrends

In Stonington, for example, incomes have risen by…

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Property Insurance

The growing ferocity and frequency of extreme weather events, tied intrinsically to the rapidly changing climate, have sent shockwaves through sectors that once thrived on predictability and historical data – notably, the insurance and housing markets. Jacob Bogage’s recent Washington Post article encapsulates the urgency and gravity of the situation, focusing on how major insurers are pulling away from covering the very natural disasters that are increasing in frequency.

Insurance companies, at their core, are in the business of evaluating and pricing risk. Historically, they've spread these risks across various geographies and disaster types, ensuring that catastrophic payouts in one region are balanced by calmer conditions elsewhere. However, as…

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Crafted by an acclaimed housewright using the highest quality materials and bespoke finishes throughout, this remarkable estate is tucked away amidst the pristine wilderness that borders the tranquil Lieutenant River. It offers an unparalleled level of privacy and tranquility, with a rich tapestry of birdlife. The meticulously maintained grounds comprise formal gardens enveloped by woodlands, with no other signs of human habitation in sight – save for the occasional kayaker drifting by.

While this estate provides a haven for wildlife enthusiasts, its location is also convenient, being a mere seven-minute drive to grocery stores and I95 Exit 70, making it the perfect choice for commuters or city residents seeking the security of a second home. The…

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NL County Appreciation

Investing in real estate is a significant decision, and understanding how property values have appreciated over time is crucial for both buyers and sellers. In this blog, we delve into 24 years of data from various towns in New London County, revealing average sales, typical home sizes, sales prices, and yearly appreciation rates. Join us on this insightful journey as we explore the real estate landscape of New London County.

1. Analyzing Appreciation Rates: Appreciation rates are a key indicator of a town's growth and desirability. Let's explore some noteworthy findings.

  • Stonington: With a staggering 9.89% average yearly appreciation rate, Stonington has been a lucrative market for homeowners and investors alike. Its charm and natural beauty…

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