Fab Real Estate Blog

This morning, we in New Fairfield, Connecticut, finally woke up to our first "real" snow of the winter season.

Sure, we've had two other recent snow storms, but they were mostly mixed with sleet and freezing rain.  This morning we awoke to nearly 5 inches of soft, white, fluffy snow.  No sleet mixed in.  No freezing rain mixed in.  Just beautiful, white snow.

The trees were covered.  The lawns were covered.  And the kids finally got to go outside and play in the snow!  Of course, schools were closed, so I just had to go out to play in the snow with them.  I couldn't let them be out there all alone...what fun would that be for my boys?

Today was grey.  The skies were grey.  Even the snow-covered trees looked grey, as you can see by these photos I took in my yard.  But it was beautiful.  It was winter in New England.  It was something we've been missing.

Here in Connecticut, we're about to set the record for the least amount of snow in a winter season.  I don't think today's storm has put us over the top yet.  But, we're expecting another inch overnight, and perhaps some more by the end of the week.  We'll see...

Don Fabrizio-Garcia
REALTOR
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

It's been a week since our last snow storm.  Yet, just yesterday when I was showing homes to buyer clients of mine, we encountered a home that has not shoveled their driveway, the walkway to the front door, nor the front steps.

This home is on a narrow "country" road, so parking in front of the home created an obstacle course for neighbors to get around our cars.  Not a great way to create neighborhood unity.

Given the last storm was a mixture of sleet, freezing rain and snow, and that we've experienced mostly sub-freezing temperatures since then (with the wonderful exception of portions of yesterday and today), the front steps were piled about six inches high of solid ice.  We could open the front door just enough to squeeze through.  And, we had to help each other up the steps, holding each other's hands and the railings, while pulling each other up the stairs and into the home.  Getting out and back down the steps was even more fun...I wish we had a video camera.

Of course, the back deck was not shoveled, either, and we could not open the back door to venture out there.

Granted, this home is vacant.  But it is still in the seller's interests to maintain the home while it is being marketed, and the make the home possible to view.  Buyers who were not as game to brave the icy steps would have bypassed this home altogether.  Not to mention the liability issues if someone falls and hurts themselves while trying to view your home.

Sellers, be sure to maintain your home - and the snow - even if you are no longer living there.  It's not only for the safety of those viewing your home, but a well-maintained home gives the appearance of a loved and cared for home...things that buyers want to see.

Don Fabrizio-Garcia
REALTOR
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

New Fairfield, Connecticut's First Selectman John Hodge called earlier today to inform me that due to the recent inclement weather, the date to move the historic Parsonage and Hubble Houses has been rescheduled to Sunday, March 4, 2007, at 12:00 noon. 

Of course, future inclement weather may delay the move again, but Mr. Hodge believes at this time that this March 4 date should be a go.

It is anticipated that Route 37 will be closed approximately 4 hours on the day of the move, starting around noon; traffic will be re-routed. 

A viewing area will be set up for residents to watch the homes as they are moved 1 mile down the road to their new location next to the new senior center site on Route 37.

The historic Parsonage and Hubble Houses will be retrofitted into museums of local history.  Funding for the operation of the museums is bring provided by Preserve New Fairfield.

Don Fabrizio-Garcia
REALTOR
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

SOLD 

New Milford, Connecticut Real Estate For Sale 

1 Maplewood Drive, New Milford, CT 
$479,900 - SOLD  

• Beautiful Colonial Home 
• 4 Bedrooms including 2 Master Suites 
• 3.5 Baths 
• 2,783 +/- Square Feet 
• Spacious Kitchen with Granite Counters and Stainless Steel Appliances 
• Screened-in Porch 

Enjoy this beautiful colonial home with spacious rooms and two master suites. 

Don't miss this great New Milford home! 

View the Virtual Tour Today! 

Contact Don Fabrizio-Garcia today for your private showing 
203.746.1199 
don@FabRealEstate.com 
www.FabRealEstate.com 

New Milford, Connecticut Real Estate

We were originally expecting 12-18 inches of the white fluffy stuff we've seen so rarely this winter.  Instead, we've woken up to about 1-2 inches of a mixture of snow, sleet and freezing rain.  It's nasty outside, and last I heard, we can expect this to continue all day.

The kids are off from school today (NBC30 reports 658 closings or delays as of this writing).  I can't see the road from my house, so I have no idea if the roads are clear or safe.  But with the continuing sleet falling and the winds blowing, I figure it's best if we stay home and enjoy the day with the kids (and, even though my driveway was plowed earlier this morning, it is covered with this white mix of what actually look like icy "snow pellets", so I don't know if I could safely make it up to the road in my car).  Hopefully it will change back to snow later today so we can take the kids outside to play.

However, it is expected that there will be ice build-up (from the sleet and freezing rain) on trees and power lines.  This could result in downed power lines and power outages.

Since many of us obtain our water for our houses from private wells, if there is a power outage, we lose the ability to pump additional water from the well.  While this is not exactly a favorite topic of mine, no water means that once we use up the reserve water already pumped from the well, we then are unable to wash our hands or flush out toilets.

But, there is a solution!  Fill a bathtub with water this morning.  Water from the tub can then be used to wash your hands.  And, by filling a bucket with water from the tub, you can pour that water into the toilet and the toilet will flush.  No mess.  It's as easy as that.

This won't help you keep warm if the power goes out, but I figure that's what the fireplace is for.  Maybe next year we'll buy a generator...

The "sleet drift" outside my front door this morning.

UPDATE:  While we ended up with only about 4 inches of snow/sleet mixture on the ground by the time the storm was done, by 4:00 pm, this "sleet drift" grew to 4 feet high.  I would have taken another picture, but it was frozen to the front door, and I wasn't going to take my camera outdoors in this weather!

It was announced by New Fairfield, Connecticut's First Selectman John Hodge that, weather permitting, the historic Parsonage and Hubble House and is scheduled to take place on Sunday, February 25 at noon.

This is, of course, assuming that the weather permits the completion of the preparation of the homes to be moved, and also that the weather cooperates on the day of the move.  A recorded message with updated information will be available on the weekend of February 25 by calling the Selectman's Office at 203.312.5600.

It is anticipated that Route 37 will be closed from approximately 12:00 noon until 4:00 pm on the day of the move and that traffic will be re-routed. 

Mr. Hodge has suggested that the town will set up a viewing area for residents to watch the homes as they are moved 1 mile down the road to their future location next to the new senior center site on Route 37.

These homes will be retrofitted into museums of local history.  Funding for the operation of the museums is bring provided by Preserve New Fairfield.

UPDATE 2/20/07:  The scheduled date to move these historic houses has been changed to Sunday, March 4, 2007.  More information can be viewed at  New Fairfield, CT to Move Historic Houses - Moving Date Rescheduled

Don Fabrizio-Garcia
REALTOR
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

The New Fairfield, Connecticut school superintendent is seeking $109 Million to fund repairs in three district schools:  Meeting House Hill School, New Fairfield Middle School and New Fairfield High School.

It is estimated that after state contributions, the amount of money required by the town will be more than $78 Million.  The superintendent plans to finance the project through bonding over the next 20 years.

This bond would then be paid over the next 20 years by the homeowners of New Fairfield.  For a home with an assessed value of $300,000, this proposal would add between $900 and $1,300 per year on top of residents' current property taxes. 

Based on New Fairfield's current mill (property tax) rate of 19.07, the homeowner of the above-mentioned residence assessed at $300,000 pays $5,721 in annual property taxes.  Adding another $1,000 on top of that equates to a more than 17% increase in property taxes for the next 20 years.

The school district's director of buildings and grounds stated that these repairs would sustain the schools for the next twenty years, which is the same length of time as the bonding.  It has not been disclosed if the plan is to then request another bond for new renovations at that time, making these additional taxes basically permanent.

A public hearing on this issue is scheduled for Tuesday, February 13, 2007, at 7:00 pm in the New Fairfield High School library.  Final plans must be submitted to the state by June 30 for possible state aid.

Don Fabrizio-Garcia
REALTOR
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

Connecticut's Governor recently released her proposed budget for the state.  Included are additional monies to fund education.  The plan calls for an additional $1.1 Billion to be given to towns and cities over the next five years to help pay for school costs.

Funding for these expenses will be derived from an increase in the state income tax of .25% in 2008 and another .25% in 2009.

While town leaders are pleased with the possibility of receiving additional funds to defray education costs, they are concerned that the final state budget will be probably be approved in June, which is after the local municipal budgets (which determine homeowners' property tax rates) are finalized.  As such, town mayors and selectmen must determine whether or not to account for these anticipated state funds when planning their local budgets.

Newtown, Connecticut's First Selectman has stated that his town will move ahead with their budget under the assumption that they will receive the additional funds from the state.  Should the extra state funds not be passed, then the town of Newtown - and its residents - may be faced with a budget shortfall.

Ridgefield, Connecticut's First Selectman does not expect to add the anticipated state funds into next year's budget.  It is undetermined what affect on future years' property taxes these funds will then have if they are received - will they be used to reduce taxes in the next fiscal year, or will the town government utilize them for other expenses?

Danbury, Connecticut's Mayor expects the additional funds to lower town residents' property taxes.

As proposed, local Connecticut towns can expect the following increases over the current 2006-2007 numbers:

Bethel:             2006-2007:  $7,372,181      2007-2008:  $7,743,113     2008-2009:  $7,992,825
Brookfield:        2006-2007:  $1,202,507     2007-2008:  $1,555,651     2008-2009:  $1,793,389
Danbury:          2006-2007:  $17,588,819    2007-2008:  $23,078,118   2008-2009:  $26,773,527
New Fairfield:    2006-2007:  $4,017,911      2007-2008:  $4,144,518     2008-2009:  $4,268,854
New Milford:      2006-2007:  $10,741,407    2007-2008:  $11,999,340   2008-2009:  $12,846,183
Redding:          2006-2007:  $466,523        2007-2008:  $723,556        2008-2009:  $896,592
Ridgefield:       2006-2007:  $1,381,767      2007-2008:  $2,188,710     2008-2009:  $2,731,946
Sherman:         2006-2007:  $162,023        2007-2008:  $259,975        2008-2009:  $325,916

Unfortunately, it was not disclosed as to why each town would receive a different percentage increase in funds for education.  From the current tax year to the 2007-2008 tax year, Danbury would receive a 31% increase in education funds form the state, while New Fairfield would only receive a 3% increase.  Hopefully, additional information explaining these discrepancies in funding will be forthcoming from the governor.

The Bethel, Connecticut property revaluation is currently taking place, as per state law that requires towns to revaluate all property every five years.

Tyler Technologies/CLT has been hired to perform the revaluation of all 6,900+ parcels of real estate in Bethel.  Commercial property inspections have already begun, and residential inspections will begin this week.  It is expected that the revaluation will be completed by the end of May, 2007, but the inspectors must visit every home and business in town before completion in order to determine its current market value.

Information about the current revaluation, including a Q&A, can be found on the Town of Bethel, CT website.

In Connecticut, property taxes are based on an assessed value of 70% of what the revaluation process determines to be the property's market value.  This assessed value is then multiplied by the mill (tax) rate, which is set annually by town vote on the town and school budgets, to determine the property taxes owed.

Danbury, Connecticut Real Estate For Sale 

8 Rose Lane, Danbury, CT 
$254,000 
SOLD - $252,000 - March 15, 2007 

• Beautiful Townhouse with Open Floor Plan 
• 2 Bedrooms plus Office Area 
• 1.5 Baths 
• 1,222 +/- Square Feet 
• Spacious Updated Kitchen 
• Low Common Charges of only $200 per month 
• Close to Danbury Candlewood Park 

Enjoy this wonderful townhome with spacious kitchen with breakfast bar, open to living and dining rooms.  Den/office area for your flexible needs. 

Don't miss this great Danbury home! 

View the Virtual Tour Today! 

Contact Don Fabrizio-Garcia today for your private showing 
203.746.1199 
don@FabRealEstate.com 
www.FabRealEstate.com 

Danbury Connecticut Real Estate

SOLD 

Danbury, Connecticut Real Estate For Sale 

26 Flintlock Drive, Danbury, CT 
$434,900 - SOLD  

• Spectacular Contemporary with Spacious Open Floor Plan 
• 3 Bedrooms and 3 Full Baths 
• 2,254 +/- Square Feet on 1.27 +/- Acres 
• Two Master Suites 
• Spacious Open Floor Plan Perfect for Entertaining  
• Situated on a Cul-de-Sac of Beautiful Homes 

Enter this lovely home and enjoy its spacious, open floor plan with a modern flair.  Beautifully updated with three full bathrooms and two master suites.  Multiple porches.  Beautiful level lawns with large deck and patio. 

Don't miss this beautiful Westside Danbury home! 

View the Virtual Tour Today! 

Contact Don Fabrizio-Garcia today for your private showing 
203.746.1199 
don@FabRealEstate.com 
www.FabRealEstate.com 

Danbury Connecticut Real Estate

This past Friday evening, here in western Connecticut we finally had our first "real" snow of the winter.  Of course, we're now also in a bitter cold snap with wind chills below zero.

But, on the bright side, we're finally enjoying the winter landscape.  Snow on the ground, bright sun shining down and reflecting off the snow and illuminating the world, and cheery blue skies.  Skaters, fishers and the adventurous are enjoying frozen Candlewood Lake and the various ponds throughout the area.  Children - and adults - can be seen flying down hills on their plastic sleds.  One of the true charms of living in New England is the enjoyment we get from each of the seasons.

Sure, winter can be cold.  The winds can be brutal and, well, devastating to your skin.   Summers can be hot and humid.  But these extremes typically pass quickly, allowing us to truly enjoy the beauty - and the multitude of recreational options - that each season has to offer.

Yesterday, my son and I went around town taking photos of what is winter in New Fairfield, Connecticut.

View our Photo Tour to get a sense of why we live where we live...

Don Fabrizio-Garcia
REALTOR
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

Since 2003, home sellers in Connecticut have been paying an increased home sale conveyance tax.  This tax increase, imposed only on home sellers, was created as a temporary - two year - tax to supplement state and local coffers during the 2003 state budget crisis.  In 2005, this tax was extended for another two years.

Currently, this tax increase is set to expire on June 30, 2007.  This tax increase, typically paid by the seller in a home sale transaction, costs the seller an additional $140 for each $100,000 of the sales price.  (For a $500,000 home sale, the seller would pay an additional $700, on top of the standard state conveyance tax).

Connecticut's town mayors and selectmen are arguing for another extension on this tax, as they stand to lose revenue if the tax expires.  (This additional tax goes to the town, to replace funds that the state is no longer providing to the town).

Opponents of the tax argue that home owners are already paying property taxes to the town, and should not continue to be burdened with this additional - and planned temporary - tax when they sell their home.  Local mayors and selectmen claim that if the conveyance tax is allowed to expire, they would be forced to raise property taxes and reduce or eliminate some town services.

While we can all agree that the towns do need the financial resources to provide town services, the question is this:  Why has the state government, given the current state budget surplus, not restored local funding to the 2003 levels?

More information on this Connecticut home seller conveyance tax can be viewed at www.InvisibleTax.com.

Don Fabrizio-Garcia
REALTOR
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

New Milford, Connecticut Real Estate Update
January 2007

Closed home sales in New Milford, Connecticut:

Single Family Homes:
In January of 2007, there were 22 single family home sales closed in New Milford, CT.
List Prices ranged from $300,000 - $1,775,000.
Closed Sales Prices ranged from $290,000 - $1,652,500.

The average closed real estate sales price for single family homes in New Milford for the month of January was $432,000.
On average, these homes sold for 96% of their list price.
Days on Market ranged from 22 - 305 days, with the average being 155 days of market time.

This compares to 22 single family homes closed in January, 2006, with an average closed sales price of $461,000.

Condos:
In January of 2007, there were 7 condominium sales closed in New Milford, CT.
List Prices ranged from $80,000 - $518,000.
Closed Sales Prices ranged from $80,000 - $668,000.  (The highest priced sold condo was a new unit.  The large difference between the list price and the closed price is due to upgrades added to the list price by the buyers)

The average closed real estate sales price for condos in New Milford for the month of January was $289,000.
On average, these homes sold for 98% of their list price (not including the new nit with the extensive upgrades).
Days on Market ranged from 90 - 315 days, with the average being 189 days of market time.

This compares to 9 condos closed in January, 2006, with an average closed sales price of $189,000.

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 234 single family homes for sale in New Milford, CT.
List Prices range from $195,000 for a one-bedroom antique colonial home to $3,200,000 for a 20 acre estate with an 8,000 square foot main home and four additional detached residences.

1 Bedroom Homes:  There are 3 available from $195,000 - $339,000
2 Bedroom Homes:  There are 18 available from $245,000 - $1,500,000 for a home on an island in the Housatonic River.
3 Bedroom Homes:  There are 92 available from $250,000 for an antique colonial to $1,590,000 for a spacious golf course home in a Candlewood Lake community.
4+ Bedroom Homes:  There are 121 available from $250,000 to $3,200,000. 

Condos:
Currently, there are 67 condos available for sale in New Milford, CT.
Studios:  There are 2 available for $70,000 - $121,500.
1 Bedrooms:  There are 17 available from $99,000 - $228,000
2 Bedrooms:  There are 44 available from $114,000 - $564,000
3 Bedrooms:  There are 4 available from $300,000 - $400,000

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.

This Market Report prepared by:
Don Fabrizio-Garcia
REALTOR
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

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

Brookfield, Connecticut Real Estate Update
January 2007

Closed home sales in Brookfield, Connecticut:

Single Family Homes:
In January of 2007, there were 8 single family home sales closed in Brookfield, CT.
List Prices ranged from $280,000 - $800,000.
Closed Sales Prices ranged from $270,000 - $787,000.

The average closed real estate sales price for single family homes in Brookfield for the month of January was $426,000.
On average, these homes sold for 97% of their list price.
Days on Market ranged from 1 - 370 days, with the average being 235 days of market time.

This compares to 12 closed sales in January, 2006, with an average sales price of $480,000.

Condos:
In January of 2007, there were 5 condominium sales closed in Brookfield, CT.
List Prices ranged from $240,000 - $300,000.
Closed Sales Prices ranged from $232,000 - $300,000.

The average closed real estate sales price for condos in Brookfield for the month of January was $278,000.
On average, these homes sold for 98% of their list price.
Days on Market ranged from 87 - 209 days, with the average being 142 days of market time.

This compares to 4 closed sales in January, 2006, with an average sales price of $270,000.

Currently available homes for sale in Brookfield, Connecticut:

Single Family Homes:
Currently, there are 121 single family homes for sale in Brookfield, CT.
List Prices range from $250,000 for a small hi-ranch to $2,249,000 for a Candlewood Lake waterfront home.

2 Bedroom Homes:  There are 3 available from $250,000 $400,000.
3 Bedroom Homes:  There are 37 available from $260,000 for a small ranch in a lake community to $2,249,000.
4+ Bedroom Homes:  There are 81 available from $350,000 for a ranch in need of updating to $1,950,000 for a spacious Candlewood Lake waterfront contemporary home. 

Condos:
Currently, there are 21 condos for sale in Brookfield, CT.  List prices range from $192,000 - $540,000.

1 Bedroom:  There are 4 available from $192,000 - $295,000.
2 Bedrooms:  There are 12 available from $224,000 - $509,000 for a luxury townhome in an Active Adult community.
3 Bedrooms:  There are 5 available from $354,000 - $540,000 for a luxury townhome in an Active Adult community.



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
Prudential Connecticut 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
January 2007

Closed home sales in Sherman, Connecticut:

In January of 2007, there were 5 home sales closed in Sherman, CT.
List Prices ranged from $300,000 - $2,795,000.
Closed Sales Prices ranged from $290,000 for a smaller ranch in a Candlewood Lake community to $2,690,000 for a 6,500 square foot home on 2 Candlewood Lake waterfront acres.

The average closed sales price was $936,000.

On average, these homes sold for 96% of their list price.
Days on Market ranged from 43 - 484 days, with the average being 184 days of market time.

This compares to 9 homes that closed sale in January, 2006 with an average sales price of $731,000.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 52 homes for sale in Sherman, CT.
List Prices range from $300,000 for a former church currently used as a home to $2,750,000 for spacious chateau style estate on nearly 10 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
Prudential Connecticut 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
January 2007

Closed home sales in Danbury, Connecticut:

Single Family Homes:
In January of 2007, there were 25 single family home sales closed in Danbury, CT.
List Prices ranged from $160,000 - $725,000.
Closed Sales Prices ranged from $128,000 - $715,000.

The average closed real estate sales price for single family homes in Danbury for the month of January was $375,000.
On average, these homes sold for 96% of their list price.
Days on Market ranged from 36 - 460 days, with the average being 153 days of market time.

However, homes that were priced correctly for the market sold for 97% - 100% of their list price.

This compares with 30 closed sales in January, 2006, with an average sales price of $393,000.

Condos:
In January of 2007, there were 30 condominium sales closed in Danbury, CT.
List Prices ranged from $110,000 - $497,000.
Closed Sales Prices ranged from $110,000 - $484,000.

The average closed real estate sales price for condos in Danbury for the month of January was $264,000.
On average, these homes sold for 97% of their list price.
Days on Market ranged from 38 - 475 days, with the average being 131 days of market time.

This compares with 40 closed sales in January, 2006, with an average sales price of $273,000.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 210 single family homes for sale in Danbury, CT.
List Prices range from $215,000 - $3,300,000.

2 Bedroom Homes:  There are seventeen available from $225,000 for a small ranch to $500,000 for a home with water frontage on a small lake.
3 Bedroom Homes:  There are 104 available from $215,000 for a bank-owned fixer property to $3,300,000 for a contemporary home with level, direct frontage on Candlewood Lake.
4+ Bedroom Homes:  There are 89 available from $280,000 for a small hi-ranch to $1,400,000 for an antique stone colonial in a Candlewood Lake community. 

Condos:
Currently, there are 222 condos available for sale in Danbury, CT.
List prices range from $85,000 - $735,000.

Studios:  There are 3 available for $85,000 - $90,000.
1 Bedroom:  There are 15 available from $130,000 - $500,000 for a new unit under construction.
2 Bedrooms:  There are 158 available from $174,000 - $735,000 for a unit in a new Candlewood Lake community.
3 Bedrooms:  There are 42 available from $245,000 - $638,000 for a new unit currently under construction.
4 Bedrooms:  There are 4 available from $350,000 - $520,000.


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
Prudential Connecticut Realty
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
January 2007

Closed home sales in New Fairfield, Connecticut:

In January of 2007, there were 12 home sales closed in New Fairfield, CT.
List Prices ranged from $329,999 - $1,299,000.
Closed Sales Prices ranged from $289,350 - $1,250,000.

The average closed real estate sales price for New Fairfield for the month of January was $610,000.
On average, these homes sold for 94% of their list price.
Days on Market ranged from 50 - 382 days, with the average being 155 days of market time.

However, homes that were priced correctly for the market sold for 96% - 100% of their list price.

This compares with 3 closed sales in January, 2006, with an average sales price of $290,000.


Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 88 homes for sale in New Fairfield, CT.
List Prices range from $150,000 - $5,500,000.

1 Bedroom Cottages:  There are three available from $200,000 - $300,000
2 Bedroom Homes:  There are twenty available from $215,000 for a small ranch to $850,000 for a home with Candlewood Lake water frontage.
3 Bedroom Homes:  There are twenty-six available from $265,000 - $1,500,000 for a home with level, direct frontage on Candlewood Lake.
4+ Bedroom Homes:  There are twenty-nine available from $350,000 for a remodeled cape to $5,500,000 for a palatial, gated home with more than 17 acres of Candlewood Lake water frontage. 

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
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

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