Thinking about buying a home in Stamford, Connecticut? Well, you're going to need more than a road map and a bank account if you want to make sure you get the best possible deal. You'll need to stop spending so much time tending the garden in your Scarborough residential properties home and buckle down to do some research. Among the most important things to familiarize yourself with during this process is the current real estate market conditions for Stamford. You can start by reading this page, which is accurate to the first week of October of 2009.

Unless you've been living in a cave for the past two years, you've probably heard that we in the United States are in the middle of a recession coupled with a sub-prime mortgage crisis that has bottomed out the markets in many cities. Canada is experiencing a similar, but not as severe, situation, where Mississauga condos have dropped in value but not at the same rate. Some cities have begun to recover, but Stamford is still registering a drop of about 15% since last year.

What does this mean? It means there's a buyer's market in Stamford right now. Sellers are having trouble getting a profit or just breaking even on the homes that they bought several years ago. Buyers have their choice of properties, from homes in Brampton to condos in Stamford. They have the option of offering less than the listing price and a good chance of this lowered price being accepted because the seller may be suffering from a lack of other buyers who are interested in the property. It's a great time to buy, especially if you don't have to rely on the resale value of your old home to afford the new one.

Having said that, however, prices are probably still higher in Stamford than what you're used to if you've been browsing the Mississauga listings in Ontario. Stamford is one of the more expensive suburbs of New York and even in this depressed market, houses are still listing for an average of $743,000, although the average sales price is closer to $420,000. This makes the price per square foot on a Stamford home around $272.

These are averages, of course. In actuality, prices vary considerably between neighborhoods. For instance, North Stamford is listing at just over one million dollars, while a few miles away the neighborhood of Springdale is listing at less than half of this value, around $450,000. Listing prices for other popular neighborhoods in Stamford are between these values, about on par with Toronto Beaches real estate. Turn of River is at $774,000, Shippan at $802,000, and Waterside and the South End are at $927,000.