Westchester & Fairfield County Business Journals 012819

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JANUARY 28, 2019 VOL. 55, No. 4

westfaironline.com

Connecticut’s cash capital NINE OF THE STATE’S TOP COMMUNITIES ARE IN FAIRFIELD COUNTY BY KEVIN ZIMMERMAN

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SALES IN WESTCHESTER

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BANKS HELP WORKERS

kzimmerman@westfairinc.com

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hen it comes to the wealthiest areas in Connecticut, Fairfield County is still No. 1, and looks to stay there for the foreseeable future. “Historically the wealth has been concentrated in Fairfield County,” said Joe McGee, vice president, public policy and programs at The Business Council of Fairfield County. “That’s been true for a long time, and it should continue.” The most recent data

from the U.S. Census Bureau show that in 2017 nine of the top 10 Connecticut municipalities in terms of median household income were in Fairfield County. (Woodbridge, in New Haven County, was the sole exception.) The average household income in the county was $89,773, compared with $73,781 for the state as a whole. In second place was Middlesex County at $81,673 and Tolland County was third at $81,312. The top 10 communities from 2012 remained in that category, though a few shifted within the group.

A home in Weston that was custom built in 2007.

Weston and Darien remained No. 1 and No. 2, respectively. Weston increased from $213,423 to $219,868 during the five-year period. Darien rose from $200,724 to $208,848. New Canaan fell from third to fifth while Westport rose from fifth to third. However, New Canaan went from $167,037 to $174,677. Westport moved from $152,586 to $181,360. Wilton held at No. 4 and increased from $161,906 to $180,313. The U.S. median household income in 2017 was » INCOME

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‘A GOLDEN AGE … OF REAL ESTATE DEVELOPMENT’ BY PETER KATZ pkatz@westfairinc.com “WE KEEP OUR eyes on interest rates. We keep our eyes on what’s happening in New York state. But I think on balance we’re bullish on moving forward. Real estate development is strong,” Kevin Plunkett, director of strategic initiatives for Simone Development, told the Business Journal. He was interviewed before addressing a dinner meeting of The Building & Realty Institute

of Westchester & the MidHudson Region (BRI) at the Crowne Plaza in White Plains on Jan. 17. “I think you’ll see a strong 2019 in the real estate market,” Plunkett said. He cited the health care sector as being of continuing importance for the real estate market. “There are a lot of the hospital networks that we do business with that are looking to plan even more facilities here in Westchester and in the region.” » REAL ESTATE

r Port Cheste N E NOW OP EXPERT LENDERS  COMMERCIAL & RESIDENTIAL

Port Chester – 914.908.5444 500 Westchester Avenue Port Chester, NY 10573

NMLS # 510513

Cos Cob – 203.629.8400 444 E. Putnam Avenue Cos Cob, CT 06807

Stamford – 203.413.6101 900 Summer Street Stamford, CT 06905

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