Fab Real Estate Blog

New Milford, Connecticut Real Estate Update
December, 2007

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 8 single family home sales closed in New Milford, CT.
List Prices ranged from $209,900 - $825,000.
Closed Sales Prices ranged from $220,000 - $780,000.

The average closed real estate sales price for single family homes in New Milford was $490,197.
The median closed sales price was $466,250.
On average, these homes sold for 96.6.8% of their final list price.
Days on Market ranged from 36 - 750 days, with the average being 234 days of market time.

This compares to 27 single family homes closed in December, 2006, with an average closed sales price of $433,501 and a median closed sales price of $350,000.

Condos:
There were 10 condominium sales closed in New Milford, CT.

The average closed real estate sales price for condos in New Milford was $188,440.
The median closed sales price was $152,500.
On average, these homes sold for 95.6% of their list price.

This compares to 9 condos closed in December, 2006, with an average closed sales price of $179,738 and a median closed sales price of $184,900.

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 239 single family homes for sale in New Milford, CT.
List Prices range from $172,500 for a small fixer to $4,200,000 for a restored 1800's home on 65 acres.

Condos:
Currently, there are 75 condos available for sale in New Milford, CT.
List prices range from $69,500 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
December, 2007

Closed home sales in Brookfield, Connecticut:

Single Family Homes:
There were 9 single family home sales closed in Brookfield, CT.
List Prices ranged from $274,999  - $1,675,000.
Closed Sales Prices ranged from $270,000 - $1,644,000.

The average closed real estate sales price for single family homes in Brookfield was $661,500.
The median closed sales price was $570,000.
On average, these homes sold for 94.6% of their final list price.
Days on Market ranged from 13 - 767 days, with the average being 246 days of market time. 

This compares to 11 closed sales in December, 2006, with an average sales price of $385,772 and a median closed sales price of $360,000.

Condos:
There were 3 condominium sales closed in Brookfield, CT.
The average closed real estate sales price for condos in Brookfield was $205,500.
The median closed sales price was $192,,000.
On average, these homes sold for 97.6% of their final list price.

This compares to 7 closed sales in December, 2006, with an average sales price of $324,485 and a median sales price of $265,500.

Currently available homes for sale in Brookfield, Connecticut:

Single Family Homes:
Currently, there are 122 single family homes for sale in Brookfield, CT.
List Prices range from $225,900 for a small 2 bedroom home to $1,799,000 for an 18th century colonial on 5 acres.

Condos:
Currently, there are 29 condos for sale in Brookfield, CT.  List prices range from $192,000 for a one bedroom unit to $639,900 for a newer 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
December, 2007

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 31 single family home sales closed in Danbury, CT.
List Prices ranged from $213,000 - $895,000.
Closed Sales Prices ranged from $209,000 - $820,000.

The average closed real estate sales price for single family homes in Danbury was $392,391. 
The median closed real estate sales price was $325,000.
On average, these homes sold for 95.2% of their most recent list price.
Days on Market ranged from 10 - 437 days, with the average being 134 days of market time. 

This compares with 38 closed sales in December, 2006, with an average closed sales price of $399,707 and a median closed sales price of $351,750.

Condos:
There were 22 condominium sales closed in Danbury, CT.
The average closed real estate sales price for condos in Danbury was $289,618.
The median closed sales price was $275,750.
On average, these homes sold for 96.7% of their most recent list price.

This compares with 34 closed sales in December, 2006, with an average closed sales price of $266,182 and a median closed sales price of $258,000.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 190 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 238 condos available for sale in Danbury, CT.
List prices range from $85,000 - $885,000.

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
December, 2007

Closed home sales in Sherman, Connecticut:

There were 2 home sales closed in Sherman, CT.
List Prices were $370,000 (reduced from $529,000) and $2,175,000 (reduced from $2,375,000).
Closed Sales Prices were $410,000 and $2,060,000.

One home was on the market for only 231 days, while the other was on the market for 864 days.  That home sold for only 77.5% of its original list price - once again, we see how overpricing can ruin a home's sale.  There is no need for a home to be on the market for nearly three years. 

This compares with 3 closed sales in December, 2006, with an average sales price of $646,333 and a median sales price of $680,000.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 39 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
December, 2007

Closed home sales in New Fairfield, Connecticut:

There were 3 home sales closed in New Fairfield, CT.
List Prices ranged from $365,000 - $549,000.
Closed Sales Prices ranged from $365,000 - $535,000.

The average closed real estate sales price for New Fairfield was $446,666.
The median closed real estate sales price for New Fairfield was $440,000.
On average, these homes sold for 97.2% of their final list price.
Days on Market ranged from 69 - 143 days, with the average being 109 days of market time.

This compares with 20 closed sales in December, 2006, with an average sales price of $411,062 and a median sales price of $352,500.


Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 93 homes for sale in New Fairfield, CT.
List Prices range from $179,900 for a bank-owned two-bedroom home  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

New Fairfield, Connecticut Real Estate For Sale 

48 Inglenook Road, New Fairfield, CT 
$455,000 
***  SOLD June, 2008*** 

• Spectacular Great Room Contemporary Home 
• 4 Bedrooms 
• 3.5 Baths 
• Great Room with Wall of Glass 
• Finished Lower Level for Possible In-Law Suite 
• Master Suite with Gas Fireplace 
• Wooded Views of Squantz Pond 
• Wrap-Around Deck 
• 2,352 +/- Square Feet PLUS Finished Lower Level 
• Private Community with Beach Rights 

Enjoy this open floor plan contemporary home overlooking Squantz Pond with beach rights to a private community beach. 


Don't miss this great New Fairfield home! 

Contact Don Fabrizio-Garcia today for your private showing 
203.746.1199 

Keller Williams CT Realty 
don@FabRealEstate.com 
www.FabRealEstate.com 

Danbury, Connecticut Real Estate

As per Connecticut law, landlords must pay interest on the security deposits they receive from their residential tenants.

For the 2008 calendar year, this interest rate has been set at 1.5%, which is unchanged from 2007.  It should be noted that 1.5% is the lowest interest rate for security deposits allowed by state statute.

Landlords in Connecticut are allowed to require up to the equivalent of two months' rent as a security deposit, including any "pet deposits" or "last month's rent."  For tenants aged 62 or over, landlords may only require the equivalent of one month's rent as a security deposit.  Landlords may not commingle security deposit funds with their personal funds.

Upon the tenant vacating the property, the landlord has up to 30 days (or 30 days from the date the tenant provides a forwarding address, whichever is longer) to provide the former tenant with the security deposit refund, plus interest, or a statement detailing funds retained along with a check for the balance of the deposit.

 
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