As the 2018 year came to a close, Bridgeport’s year-end statistics displayed shocking numbers. The median home sale price in the city increased by 26% over the last five years. Additionally, the amount of foreclosed homes that had been scheduled for sale upped by 36% in the same time period.
Connecticut Bankruptcy Law Blog
Branford’s 2018 year end statistics show an alarming rise in homes lost to foreclosure in the last five years. At a devastating 240% increase of lost homes and an upsetting 90% increase in foreclosed homes being scheduled for sale in the last year, hardworking Branford homeowners are in dire need of affordable financial solutions.
As the 2018 year came to a close, Ansonia saw a 2017 to 2018 increase, not only in the median home sale price by 10%, but also in the amount of foreclosed homes that had been scheduled for sale and about to be lost by Ansonia residents. This number has increased by an astounding 31%.
In the fourth quarters of the last five years, Windsor has seen staggering increases in the number of homes lost to foreclosure. While the median home sale price soared by 30%, the number of foreclosed homes headed to auction has increased by a whopping 89% and the number of homes completely lost to foreclosure has upped by 8%.
Four less homes in West Haven have fallen into foreclosure in the final quarter of 2018 than in that of the previous year. While this is seemingly fortunate, there has been a devastating rise in the number of homes completely lost to foreclosure. From the fourth quarter of 2017 to the fourth quarter of 2018, the amount of foreclosed and lost homes in West Haven has increased by a staggering 38%.
Along with Wallingford’s median home sale price increasing by 11% from the fourth quarter of 2017 to that of 2018 and steadily by 11% over the past five years, the number of foreclosed homes that are about to be lost to foreclosure by Wallingford homeowners, has increased by an enormous 120%. It is clear that Wallingford homeowners need home retention options offered by dedicated experts in foreclosure defense.
The final quarter of 2018 in Vernon has brought unwanted increases in foreclosed homes that have been scheduled for sale. The number of homes that are facing loss through foreclosure auction has risen by 25% between the fourth quarter of 2017 and that of 2018, and upped by a whopping 67% in the fourth quarters of the last five years. This fluctuation clearly shows how necessary it is for Vernon homeowners to become financially educated and legally assisted.
In the fourth quarter of 2018, Trumbull has seen some staggering increases. On top of the median home sale price steadily increasing by 10% over the last five years, the amount of foreclosures between the final quarter of 2017 and that of 2018 has risen by 35%.
In the fourth and final quarter of 2018, Torrington has seen some unfortunate financial trends. The number of Torrington foreclosures has increased by 46% from the fourth quarter of the previous year meaning 35 homes in the town have fallen into foreclosure within the short, 90-day period.
The amount of foreclosures in Southington has fallen by 32% between the fourth quarter of 2017 and that of 2018, and has also fallen by 32% over the last five years’ final quarters. However, comparing 2017’s and 2018’s final quarters, the number of foreclosed homes that have been scheduled for foreclosure by sale has increased by a whopping 100% as well as increasing by 100% in the past five years. Despite seemingly promising drops in Southington foreclosures, it is clear that homeowners still need to get educated and seek legal representation.