Fab Real Estate Blog

New Milford, Connecticut Real Estate Update
October, 2007

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 15 single family home sales closed in New Milford, CT.
List Prices ranged from $179,900 - $995,000.
Closed Sales Prices ranged from $165,000 - $962,500.

The average closed real estate sales price for single family homes in New Milford was $445,820.
The median closed sales price was $379,900.
On average, these homes sold for 95.4% of their final list price.
Days on Market ranged from 62 - 475 days, with the average being 272 days of market time.

This compares to 23 single family homes closed in October, 2006, with an average closed sales price of $386,508 and a median closed sales price of $336,000.

Condos:
There were 5 condominium sales closed in New Milford, CT.

The average closed real estate sales price for condos in New Milford was $183,000.
The median closed sales price was $180,000.
On average, these homes sold for 96.8% of their list price.

This compares to 9 condos closed in October, 2006, with an average closed sales price of $200,133 and a median closed sales price of $196,000.

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 268 single family homes for sale in New Milford, CT.
List Prices range from $181,500 for a small fixer to $4,200,000 for a restored 1800's home on 65 acres.

Condos:
Currently, there are 94 condos available for sale in New Milford, CT.
List prices range from $74,900 for a studio unit to $539,900 for a detached unit in an active-adult community.

New Milford, Connecticut, is the southernmost town in Litchfield County and is known as The Gateway to Litchfield County.  The town borders the northeastern shores of Candlewood Lake.  Several lake communities surround its Candlewood Lake shores, and typically offer a private beach for residents, boat docks and other amenities.  New Milford enjoys a population of about 28,000 residents.

Brookfield, Connecticut Real Estate Update
October, 2007

Closed home sales in Brookfield, Connecticut:

Single Family Homes:
There were 8 single family home sales closed in Brookfield, CT.
List Prices ranged from $414,900  - $1,185,000.
Closed Sales Prices ranged from $410,000 - $1,060,000.

The average closed real estate sales price for single family homes in Brookfield was $594,000.
The median closed sales price was $532,500.
On average, these homes sold for 92.5% of their final list price.
Days on Market ranged from 57 - 717 days, with the average being 265 days of market time. 

This compares to 23 closed sales in October, 2006, with an average sales price of $552,865 and a median closed sales price of $500,000.

Condos:
There were 4 condominium sales closed in Brookfield, CT.
The average closed real estate sales price for condos in Brookfield was $266,225.
The median closed sales price was $259,450.
On average, these homes sold for 97.8% of their final list price.

This compares to 6 closed sales in October, 2006, with an average sales price of $284,250 and a median sales price of $219,000.

Currently available homes for sale in Brookfield, Connecticut:

Single Family Homes:
Currently, there are 152 single family homes for sale in Brookfield, CT.
List Prices range from $240,000 for a circa 1800 fixer in need of a total renovation to $1,799,000 for an 18th century colonial on 5 acres.

Condos:
Currently, there are 26 condos for sale in Brookfield, CT.  List prices range from $174,900 for a one bedroom unit to $639,900 for a new detached unit.




Brookfield, Connecticut, is located between Candlewood Lake and Lake Lillinonah, creating a multitude of water recreation opportunities in the town.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  Brookfield enjoys a population of about 16,000 residents.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Consolidated MLS and believed to be accurate.

Danbury, Connecticut Real Estate Update
October, 2007

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 20 single family home sales closed in Danbury, CT.
List Prices ranged from $209,900 - $719,000.
Closed Sales Prices ranged from $216,000 - $700,000.

The average closed real estate sales price for single family homes in Danbury was $390,021. 
The median closed real estate sales price was $342,750.
On average, these homes sold for 96.2% of their most recent list price.
Days on Market ranged from 8 - 404 days, with the average being 130 days of market time. 

This compares with 37 closed sales in October, 2006, with an average closed sales price of $435,505 and a median closed sales price of $413,000.

Condos:
There were 38 condominium sales closed in Danbury, CT.
List Prices ranged from $89,900 - $574,900.
Closed Sales Prices ranged from $83,000 - $559,000.

The average closed real estate sales price for condos in Danbury was $264,031.
The median closed sales price was $252,000.
On average, these homes sold for 96.4% of their most recent list price.

This compares with 50 closed sales in October, 2006, with an average closed sales price of $250,223 and a median closed sales price of $201,5.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 261 single family homes for sale in Danbury, CT.
List Prices range from $79,000 for a summer-only as-is cottage in a lake community to $4,400,000 for an 1840's home on 55 acres.

Condos:
Currently, there are 253 condos available for sale in Danbury, CT.
List prices range from $115,900 - $865,000.

Danbury, Connecticut, a former military depot during the American Revolution, is a diverse community of about 78,000 residents that borders New York State to the west and the southern shores of Candlewood Lake.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  Danbury enjoys a convenient commute location to lower Fairfield County and Westchester County, New York.  Danbury is situated just about an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Consolidated MLS and believed to be accurate.

Sherman, Connecticut Real Estate Update
October, 2007

Closed home sales in Sherman, Connecticut:

There were 6 home sales closed in Sherman, CT.
List Prices ranged from $399,000 - $1,195,000.
Closed Sales Prices ranged from $380,000 and $1,090,000.

The average closed real estate sales price was $658,333. 
The median closed real estate sales price was $680,000.
On average, these homes sold for 93.8% of their most recent list price.
Days on Market ranged from 40 - 203 days, with the average being 142 days of market time. 

This compares to 2 homes that closed sale in October, 2006.  The average and median sales price was $415,002.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 51 homes for sale in Sherman, CT.
List Prices range from $329,000 for a circa 1900 farmhouse to $3,250,000 for an 18th century colonial on 37 acres.

Sherman, Connecticut is a small semi-rural community of about 4,000 residents that borders New York State to the west, New Fairfield to the south and hugs the northwestern shores of Candlewood Lake.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  The northernmost town in Fairfield County, Sherman is often cited as being the fastest growing town in Connecticut per capita, yet still retains its rural roots and charm.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Consolidated MLS and believed to be accurate.

New Fairfield, Connecticut Real Estate Update
October, 2007

Closed home sales in New Fairfield, Connecticut:

There were 22 home sales closed in New Fairfield, CT.
List Prices ranged from $180,000 - $995,000.
Closed Sales Prices ranged from $170,000 - $898,000.

The average closed real estate sales price for New Fairfield was $458,336.
The median closed real estate sales price for New Fairfield was $470,000.
On average, these homes sold for 94.7% of their final list price.
Days on Market ranged from 17 - 496 days, with the average being 138 days of market time.

This compares with 19 closed sales in October, 2006, with an average sales price of $461,784 and a median sales price of $420,000.


Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 114 homes for sale in New Fairfield, CT.
List Prices range from $129,900 for a two0bedroom fixer  to $3,660,000 for a two-home waterfront compound.

New Fairfield, Connecticut is a small community of about 14,000 residents that borders New York State to the west and Candlewood Lake to the east.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  New Fairfield enjoys a convenient commute location to lower Fairfield County and Westchester County, New York.  New Fairfield is situated just over an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Consolidated MLS and believed to be accurate.

In most real estate transactions, after a buyer has had their home inspections completed, they return to the seller with a list of repairs they want completed prior to closing.

Sellers then tend to go into a bit of shock.  They were unaware that the oil boiler is on its last legs, or that the window in the guest bedroom doesn't close properly.  Or worse...that their septic system is in need of major repairs.

The repair negotiations begin...and sellers end up scrambling to find not who can do the best job at a fair price, but who can do the job now, so we can still close the sale on time.

Most of these issues can be averted if the sellers have a pre-sale home inspection done...before placing their home on the market.

We can list your home today, but not place it on the market for a few weeks.  During this period we can then:

• Have any needed pre-sale inspections (house inspection, septic inspection, pest inspection if deemed necessary)
• Take the time to call in professionals to perform repairs at your convenience.
• As a bonus, begin the marketing of your home, so all marketing is ready to go and make a big splash right as your home hits the market.

This will save sellers much stress, and possibly even money.
Buyers may also have their own inspections done, but they will be much more amenable to making an offer on a home they know has already been inspected. And, we can expect minimal, if any, repair issues to arise during the transaction.

It's a win-win situation for all parties.

Sellers - have your home pre-inspected before the first buyer walks through your door.

Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

I was reviewing some listings for a client earlier today.  Agents really need to proofread what they enter into their listings:

"Updates include Furn."  They updated the furniture?  Does the furniture stay?  OK...OK...I know they meant furnace, but it took me a bit to figure this one out. 

"Walking closet."  Will it keep walking away from me while I'm trying to hang up my clothes?  Gee, putting away the laundry could be tiring.

Just reinforces the need to proofread...

Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

I was so looking forward to an extra hour of sleep last night.
I even put my book down a little early and went to sleep at a respectable hour.

But, no one told my kids they were expected to sleep in for an extra hour this morning.  The dogs didn't realize this, either.

Oh, well.

Off to my Open House at Wishing Well Mews...

Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

This Saturday night, before you go to bed, be sure to set your clocks back one hour, as we end Daylight Savings Time.  Enjoy that extra hour of sleep!

While you're at it, take this opportunity to replace the batteries in your smoke detectors.  Replacing the smoke detector batteries twice each year - coinciding with when we change our clocks - ensures that you will be protected in your home in the event of fire.

Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale