Waterford, CT

Waterford is a charming town located in the southwestern corner of Connecticut. The town was first settled in 1660 and has been home to many distinguished families, including the Morses, the Howards, and the Ladds. Waterford is known for its beautiful architecture, including many historic homes and churches. The town also has a rich history with regards to real estate.

The early history of Waterford's real estate market can be traced back to 1701 when John Howard purchased land in the area. Howard was a wealthy merchant who made his fortune during the colonial period. He was one of Waterford's earliest settlers and played an important role in developing the town's economy. In 1725, Howard granted land to Daniel Ladd for use as a millpond. This grant led to the development of Laddville, which is now one of Waterford's most popular neighborhoods.

During the 18th century, Waterford experienced rapid growth due to its strategic location on major transportation routes. This growth led to an increase in real estate prices and an influx of wealthy residents into the town. One notable example of this growth is Jonathan Morse's purchase of land near what is now downtown Waterford in 1769 for use as a plantation. Morse was one of Connecticut's wealthiest men and played an important role in developing both Waterford and its surrounding areas.

Waterford's real estate market continued to grow throughout the 19th century thanks largely to continued economic prosperity and population growth within the town limits. One notable event that helped spur this growth was construction of The Great Western Turnpike (now Route 8) between Hartford and Springfield in 1806-07 which passed through Waterford on its way from north to south. This road dramatically increased trade activity within Connecticut and led to an increase in housing construction within commuting distance of major businesses and markets."

"In 1872, Daniel Ladd donated 320 acres along Lake Memphremagog (now known as Lake Memphremagog State Park) for use as a public park which helped spur further development along that area of town."

"Throughout much of recent history (the 20th century), water rates have been among Connecticut's highest making it difficult for developers or homeowners interested in purchasing or selling property within state borders."

"However, since 2000 there has been significant redevelopment activity taking place within downtown Waterburg which has led to increased demand for residential properties."