Fairfield County Homes for Sale: Why Bridgeport is Number 3 on Best Places to Invest

Why Bridgeport is Number 3 on Best Places to Invest

In Rick & Ine's blog on the Strongest Real Estate Markets they mentioned Bridgeport, CT came in #3 according to Business 2.0's article The New Rules of Real Estate: The Best Places to (Still) Invest with a projected increase in value of 63% over the next five years.  One person commented that they were surprised Bridgeport made the list. 

Well I've lived here for 27 years now and I'm not surprised.  What surprises me is how long the value of properties in this city have been supressed.  This city is in one of the wealthiest counties in the U.S., Fairfield County, home to Greenwich and Darien, Connecticut.  It is within commuting distance  of Manhattan. I worked in the corporate world and commuted to Manhattan for many years before "retiring" to my real estate career.

Bridgeport was once a vibrant, wealthy industrial center and the architecture of both the commercial and residential buildings reflects this.  It has the largest sandy beach park in an urban area in Connecticut.  Seaside Park has 325 acres of lawns, shady groves of trees for picnics, sports fields, and a long white beach with Fayerweather Lighthouse at the end of the jetty. 

Seaside Park

It has been the focus of a tremendous amount of interest by developers lately.  Here are some of the recently completed and proposed development projects in Bridgeport:

Development in Downtown Bridgeport

Why is this happening?  Location and natural resources.  Bridgeport is 60 minutes from Manhattan.  It is a transportation hub with I-95, 10 Amtrak stops daily, and 87 local trains to and from Manhattan.  It has a 40 acre deep water harbor and may soon be home to a high speed ferry service to Manhattan.  It already has ferry service to Long Island.

Downtown Bridgeport is just beginning its turnaround, but it's already got a number of cultural attractions and good restaurants, so you can see the potential for a vibrant nightlife.  No it's not there yet, that's why you can still get a good value on real estate in Bridgeport!

My area of Bridgeport is called Black Rock.  It is on the border of Fairfield and will probably rise in value faster than the other areas of Bridgeport for three reasons:

(1) Black Rock train station (to be completed in 2009 -- first new stop on Metro North line in 40 years)

(2) the natural beauty of our community, bordered on one side by Long Island Sound and on another side by the Ash Creek tidal estuary  

 Ash Creek Soft

(3) our ability to attract talented, creative people, such as writers, artists, musicians, academics, and performing artists (last night we went to the Black Rock Arts Center to see a former star of the London stage perform her cabaret act, she now lives two blocks from me) and tonight we went to the opening reception for an art exhibit by a local artist at Harborview Market (an espresso cafe).  Check out our vibrant cultural life in Black Rock on our community blog

I know I'm biased, but I can see the changes occurring and the excitement in this city.  There are solid reasons for this turnaround.  I hope others can now see why Bridgeport is #3 on the list.

 

 

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Comment balloon 8 commentsGail Robinson • March 04 2007 12:36AM

Comments

Love it Gail!  very informative and love the aerial photos.  Thanks for the information about Bridgeport - sounds like a great place to invest - now you need to show us some photos of the art exhibits, would love to see them!

Ines

Posted by Rick & Ines - Miami Beach Real Estate (Majestic Properties) over 11 years ago

Rick & Ines, 

Great idea.  Here are a few, I don't have many as I just started the community blog on January 19.

John Bygott, a Black Rock artist held an Opening Reception for an exhibit of 19 oil paintings last night (14 of them sold).  An upcoming exhibit of Black Rock's one and only pencil sculptor, Dalton Ghetti.  (Note: links have been lost)

Posted by Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT (William Raveis Real Estate) over 11 years ago
Gail, wow, I understand why I would love to come live here.  Great post, nice information and just beautiful pictures, thank you.
Posted by Bob Sloop, Consultant, Indianapolis, IN (RS Mortgage Consulting) over 11 years ago
Great stuff Gail - I love to do posts on individual restaurants or places I visit.  Just yesterday Rick visited a Cuban restaurant in South Miami that had a sign that read:  "Best Cuban Food this side of Georgia" - it was sooo funny that I'll write a post on the restaurant.  It gives people something to look for when they visit your blog.  Great work! (Dalton's pencil sculptures are incredible).  BTW - it's me (Ines) that does the blogging and commenting, Rick is my silent partner when it comes to our blog.
Posted by Rick & Ines - Miami Beach Real Estate (Majestic Properties) over 11 years ago

Bob, Thanks.  Now you've all really got me going.  Here are a few photos of one the last remaining pristine tidal estuaries in an urban area...in the Black Rock section of Bridgeport, of course.

Ash Creek 1 from ACCA WebsiteAsh Creek 2 from ACCA Website

This is a photo of St. Mary's-by-the-Sea, an exclusive area of Black Rock where there are homes with panoramic views of Long Island Sound selling for less than $2 million.  Can't find views like that for those prices within commuting distance of Manhattan!  One home with views of the harbor and with a sandy beach just sold for $600,000. 

St. Mary's by the Sea 1 from ACCA Website

Posted by Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT (William Raveis Real Estate) over 11 years ago

Ines,  You are a great blogger!  I enjoy every one of your posts.  I will keeping reading good blogging posts and eventually, I'll get the hang of this.  Thanks for your support.  As a newbie, I appreciate it!  (We must have been posting at the same time.  I didn't see your post until after my post went up.

Posted by Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT (William Raveis Real Estate) over 11 years ago
I am truly flattered Gail - a group of us did book reviews that you should take a look at -(In the Realty Blogging Book Club Group) it really made a difference with our posts, especially finding our voice and not being afraid to put your personality out there.  I look forward to reading your stuff.
Posted by Rick & Ines - Miami Beach Real Estate (Majestic Properties) over 11 years ago

Ines, Thanks, I'll take a look at the Realty Blogging Book Club group.  You've been so helpful to me.  I really appreciate it!

Posted by Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT (William Raveis Real Estate) over 11 years ago

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