Categorized | Madison Connecticut

Madison Real Estate Market

sheila-tinn-murphyMadison, Connecticut is a jewel in the shoreline and this unique town has something to offer for everyone. It is a wonderful seaside community with sandy beaches overlooking Long Island Sound, local farms, woodlands, hiking trails of the Rockland Preserve, and two state parks; Hammonasset State Beach and Park with over 930 acres and 558 campsites, and the Cockaponset State Forest in the northern portion of the town. The town has a charming New England Green lined with historic homes and a beautiful church. The main street boasts a cinema, the Scranton Memorial Library, a finely appointed Inn and restaurant, an award winning bookshop, multiple coffee shops, hair salons, gift, clothing and jewelry boutiques. The town has a population of over 18,000. The school system has been awarded a silver ranking by Newsweek for its educational quality and also has been received accolades from Sports Illustrated for its wonderful sports programs. Madison also boasts a newcomers club with many activities to help a new resident meet people with like interests. It is a place known for its small town charm with the annual Fourth of July Parade with fireworks, concerts on the green, antique shows, farmers market and tag sales that offer something for every taste. The Shoreline East train offers services from New London to Stamford and an easy transfer to New York City or north to Boston. New Haven is the closest major city and it is known for not only Yale University and Yale- New Haven Hospital, but for its wonderful museums, shopping and dining. The Madison housing market has seen a decrease in the median sales price from $542,000 in 2007 to a median price of $465,000 in 2008. Sales saw a 29% decline. The waterfront prices have continued to climb and recently a waterfront home closed at over 3.4 million dollars. The entry price in Madison has also changed and there are many homes priced in the $200,000-$300,000 range. Mortgage rates are at a 25-30 year low making Madison affordable to many qualified buyers. This wonderful thriving community has a lot to offer and with so many homes to choose from, and affordable financing, it is certainly a great time to be a Madison buyer. Sheila Tinn-Murphy, Realtor, SRES, Fine Homes Specialist Chairman’s Circle, Top 3% nationally, Excellence Award. Cell 203-915-7530

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