Fab Real Estate Blog

Ridgefield, Connecticut Real Estate Update
October, 2008

Closed home sales in Ridgefield, Connecticut:

There were 19 home sales closed in Ridgefield, CT.

The average closed sales price in Ridgefield was $905,473.
The median closed sales price in Ridgefield was $680,000.

On average, these homes sold for 92.8% of their final list price.

Marketing time averaged 139 days on market.

This compares with 20 closed sales in October, 2007, with an average sales price of $1,178,825 and a median sales price of $922,500.

Currently available homes for sale in Ridgefield, Connecticut:

Currently, there are 241 homes for sale in Ridgefield, CT.
List Prices range from $229,900 for a small one-bedroom ranch to $10,000,000 for a 16,000 square foot contemporary showpiece.

Ridgefield, Connecticut is a wonderful New England town bordering New York's Westchester County. It is popular with those commuting to lower Fairfield County, Westchester County 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 Greater Fairfield County MLS and believed to be accurate.

Bethel, Connecticut Real Estate Update
October, 2008

Closed home sales in Bethel, Connecticut:

There were 6 home sales closed in Bethel, CT.

The average closed sales price in Bethel was $353,000.
The median closed sales price in Bethel was $332,500.

On average, these homes sold for 94.4% of their final list price.

Marketing time averaged 228 days on market.

This compares with 5 closed sales in October, 2007, with an average sales price of $436,700 and a median sales price of $400,000.

Currently available homes for sale in Bethel, Connecticut:

Currently, there are 115 homes for sale in Bethel, CT.
List Prices range from $109,900 for a bank-owned fixer property to $998,900 for a Georgian-style colonial.

Bethel, Connecticut is a quaint New England town with a wonderful pedestrian-friendly downtown area with plenty of shops. Bethel borders Danbury to the west, Brookfield to the north and Redding to the south.

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 Greater Fairfield County MLS and believed to be accurate.

New Milford, Connecticut Real Estate Update
October, 2008

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 17 single family home sales closed in New Milford, CT.

The average closed real estate sales price for single family homes in New Milford was $317,188.
The median closed sales price was $330,000.
On average, these homes sold for 96.2% of their final list price.

Days on Market averaged 215 days of market time.

This compares to 16 single family homes closed in October, 2007, with an average closed sales price of $436,331 and a median closed sales price of $377,450.

Condos:
There were 9 condominium sales closed in New Milford, CT.

The average closed real estate sales price for condos in New Milford was $217,780.
The median closed sales price was $170,000.
On average, these homes sold for 95.5% of their list price.

This compares to 5 condos closed in October, 2007, with an average closed sales price of $183,000 and a median closed sales price of $180,000.

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 265 single family homes for sale in New Milford, CT.
List Prices range from $150,000 for an historic fixer to $2,295,000 for an antique home on nearly 100 acres.

Condos:
Currently, there are 64 condos available for sale in New Milford, CT.
List prices range from $82,000 for a one-bedroom 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.

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

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Brookfield, Connecticut Real Estate Update
October, 2008

Closed home sales in Brookfield, Connecticut:

Single Family Homes:
There were 11 single family home sales closed in Brookfield, CT.

The average closed real estate sales price for single family homes in Brookfield was $501,409.
The median closed sales price was $348,000.
On average, these homes sold for 95.7% of their final list price.
Days on Market average 251 days of market time.

This compares to 8 closed sales in October, 2007, with an average sales price of $594,000 and a median closed sales price of $532,500.

Condos:
There were 5 condominium sales closed in Brookfield, CT.
The average sales price was $349,474.
The median sales price was $285,000.
These units sold for 96.2% of the most recent list price.


This compares to 7 closed sales in October, 2007 with an average sales price of $383,768 and a median sales price of $326,000.

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 $238,900 for a bank-owned ranch to $2,375,000 for a newer Candlewood Lake waterfront home.

Condos:
Currently, there are 39 condos for sale in Brookfield, CT. List prices range from $175,000 for a newer two-bedroom, affordable-housing-designated unit to $629,900 for a newer detached 3-bedroom 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
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Danbury, Connecticut Real Estate Update
October, 2008

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 20 single family home sales closed in Danbury, CT.

The average closed real estate sales price for single family homes in Danbury was $365,105. 
The median closed real estate sales price was $333,000.

On average, these homes sold for 95.2% of their most recent list price.
Days on Market averaged 149 days of market time. 

This compares with 21 closed sales in october, 2007, with an average closed sales price of $383,353 and a median closed sales price of $322,500.

Condos:
There were 17 condominium sales closed in Danbury, CT.
The average closed real estate sales price for condos in Danbury was $228,642.
The median closed sales price was $195,000.
On average, these homes sold for 96.9% of their most recent list price.

This compares with 39 closed sales in October, 2007, with an average closed sales price of $261,979 and a median closed sales price of $244,000.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 305 single family homes for sale in Danbury, CT.
List Prices range from $79,900 for a small cottage to $3,499,000 for a renovated 1920's colonial on nearly 9 acres.

Condos:
Currently, there are 237 condos available for sale in Danbury, CT.
List prices range from $85,000 - $710,000.

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
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate

Sherman, Connecticut Real Estate Update
October, 2008

Closed home sales in Sherman, Connecticut:

There were 2 home sales closed in Sherman, CT.
The average and median closed sales prices were $1,002,500.

These homes sold, on average, for 89.9% of their most recent list price.

The average days on market was 82 days of marketing time.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 68 homes for sale in Sherman, CT.
List Prices range from $249,900 for a bank-owned two-bedroom cape to $3,300,000 for an expansive estate on more than 24 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 Greater Fairfield County MLS and believed to be accurate.

New Fairfield, Connecticut Real Estate Update
October, 2008

Closed home sales in New Fairfield, Connecticut:

There were 9 home sales closed in New Fairfield, CT.

The average closed real estate sales price for New Fairfield was $340,111.
The median closed real estate sales price for New Fairfield was $330,000.

On average, these homes sold for 98.5% of their final list price.

Days on Market averaged 140 days of market time.

This compares with 22 closed sales in October, 2007, with an average sales price of $458,336 and a median sales price of $470,000.


Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 116 homes for sale in New Fairfield, CT.
List Prices range from $135,000 for a small bungalo that is bank-owned to $21,000,000 for a Victorian-style waterfront estate.

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 Greater Fairfield County MLS and believed to be accurate

I helped a wonderful couple buy their first home in New Fairfield, Connecticut.  We closed yesterday, and they immediately began moving in. 

At the closing, I warned them:  "Something will break shortly after you move in.  Don't worry.  It won't be the end of the world.  You will get through it." 

They laughed at me: "Yeah...yeah...yeah...  Whatever you say, Don." 

That was yesterday.  Tonight, they called.  "The toilet overflowed and there is water all over the bathroom.  Does this count as the thing that will break as soon as we move in?" 

Fortunately, they were laughing - or, at least they were trying to cover up the screams with laughter.  I assured them that, yes, this is their one major initial problem in the house. I also told them that something else will happen, but it will be minor and funny...like a doorknob coming off in their hands, or an electrical breaker will trip and they won't remember where the breaker box is.

It's just the way it is.  These things happen.  Welcome to home ownership!

Don Fabrizio-Garcia, REALTOR
Real Estate Sales and Appraisals

Real estate is never dull.  That much is certain.

When buying or selling a home, the exact date that a home will close can sometimes be a bit of a moving target.

We had a closing today that had been previously delayed by the lender but was finally scheduled for this afternoon.  So, I met with the buyers and performed a final walk-thru of the home.  Then we headed to the attorney's office for the closing.

We arrived at the attorney's office at 3:00.  The paperwork hadn't yet arrived from the bank.  Thirty minutes later, the paperwork arrived but needed to be changed.  Thirty minutes later, another change was necessary.  This went on for a while.

At 6:00, three hours later, the attorney told us all to go home.  The bank just could not get the paperwork together, and they still had not wired the buyers' funds to the attorney.  We were not destined to close today.

So, we went home.  A little tired and a lot stressed.  Buyers were upset.  Seller was upset.  Agents were upset.  We shall try again tomorrow.  The attorney promises that tomorrow will be quick and painless.

We'll think good thoughts...

Don Fabrizio-Garcia, REALTOR
Real estate sales and appraisals

It never fails.  Something always turns up at the last minute when we are planning to close on a home.

This afternoon, I have a closing for my buyers, who are buying a new home in New Fairfield, Connecticut.

Of course, something turned up - a repair that wasn't made.  We'll deal with it, but all it does is add more stress for the buyers - as well as for the sellers. 

Sellers can help to avoid these "Last-Minute Gotchas" by following a few easy steps:

1. If you agree to make a repair, then make that repair before closing
2. If you know of a home defect, then disclose it up front

These two easy steps will help avoid possible pitfalls that can derail a closing.  Let's avoid any surprises.

Closing on a home should be a happy occasion - for both buyers and sellers.  Let's not add to the stress that is already inherent in such a transaction.

Don Fabrizio-Garcia, REALTOR
Real Estate Sales and Appraisals

Since tomorrow is election, day, I thought this might be a fun reminder about the perils of voting:

Don't Vote While Wearing Suede

I plan on digging out an old leather jacket, just for the task of voting.  Just to be safe.

Safe Voting Everybody!

Don Fabrizio-Garcia, REALTOR
Real Estate Sales and Appraisals