Because I'm a residential . . .(rather than commercial) agent, the investment properties I deal with are primarily two and three family homes. New Haven has an abundant supply of such properties, many of them built between 1880 and 1920. With its large student population New Haven has traditionally had a robust rental market.

Along with the rest of the market . . . prices of these properties have soared in recent years. The multi-family segment has outpaced single family homes and condos, more than doubling in value since 2001.

Three-family homes . . . with their greater income potential, have been particularly affected by this trend. I believe that in the current declining market, many of them tend to be seriously overvalued by their owners.

Asking prices for many currently listed three-family properties . . . are simply not supported by the income they generate.

Closing prices for two-familys have risen as well.

For now . . . multi-family properties in New Haven are holding their value better than single family homes or condominiums.

Click here to view price & volume graphs graphs for 2 and 3-family properties in New Haven.