Moving from New York City to Connecticut in a Pandemic

According to data recently reported by the New York Times, as many as 10,000 or more people fled New York City for the Connecticut suburbs in search of safety in the form of more space. The current pandemic that we are living through has forced many city residents to cut their time in NYC short and make the decision to buy a house a little earlier than maybe they had planned to. The situation has been especially hard on families with young children at home, where trying to balance working from home with the entire family sharing a small city apartment space has been challenging.

With the exodus from NYC to CT that began in Spring 2020, many people are evaluating the various communities and towns Connecticut has to offer. The further away from NYC you get, the more affordable and spacious housing becomes. Stamford, Greenwich and Darien are generally a 40-50 minute commute into Grand Central on Metro North which is one reason housing is so expensive in those towns. Further out, Westport becomes a great option for families, as this town offers some of the highest rated school systems in the entire country.

Choosing a community to live in is usually based on budget range and also what one is willing to compromise on. It’s no surprise that the Fairfield County towns with the best school systems close to New York City will have the most expensive homes. There are some bargains to be found within a reasonable commuting distance however, in towns like Fairfield and Stratford.

Stratford is currently the most affordable town in Fairfield County, though home prices are rising fast here too due to the small supply of available homes for sale. To read more about the state of the Connecticut housing market in Fairfield County, read our recent report here.

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Consider looking at our suggested reading here.

192 Reed Street, Stratford, CT 06614

This wonderful Cape is situated on one of the best streets in all of Paradise Green: Reed Street. This quiet north-end street has seen a lot of buying and selling activity this year, with homes in the area selling extremely fast. According to public records this home last sold for $269,000 in 2018 and appears to have since undergone a serious amount of renovation. The home was listed in September 2020 at $349,900 and appears to have gone under contract in contingency within 3 or 4 days – very fast!

This picture-perfect 1940 home was built during World War II and features 3 bedrooms and 2 bathrooms featuring 1,373 square feet of living space. This corner lot is surrounded by mature trees and sits on the corner of Reed street and Woodland ave. It’s just a short 5 minute drive to Metro North Stratford station and a 5 minute drive to catch the Merritt Parkway – an ideal convenient location for commuters yet offers all of the peace and quiet of Paradise Green.

Directly neighboring this home on the adjacent corner is 91 Woodland Ave, which is also currently for sale. This neighboring home is a cute 1920 ranch bungalow with 1,181 square feet of living space. It was initially listed for $259,750 but after a price drop is now $235,000. Incredibly, this home was last sold in November 2016 for only $110,000 which was an incredible buy for this neighborhood.

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Information posted is merely the opinion of Time or Space for entertainment purposes only. All information published can be found in Town Records which is made available to the Public.

Suggested Reading:

How to Be a Real Estate Investor

Atomic Habits

Time or Space

Making a purchase decision on a home and what town that home is located in certainly presents a myriad of variables to consider. Though, despite the complexity of this analysis, it often boils down to this one simple choice: time or space.

You can choose a home much closer to your work place, saving time commuting. Time is fleeting, it’s the only thing we can’t create more of. To save time, space is often substantially compromised. One less bedroom, one less bathroom, less privacy, increased population density. Maybe a smaller home is more affordable and you won’t need to work as much to afford it. That means time saved, too.

Alternatively, by trading time for a longer commute, you will almost always gain more space. That big bonus room, an extra acre or two, more privacy, lower population density.

The name of this blog, Time or Space, is a nod to this concept.

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