Fab Real Estate Blog: August 2009

Danbury, CT - July, 2009 Real Estate Market Report

Danbury, Connecticut Real Estate Update
July, 2009

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 27 single family home sales closed in Danbury, CT.

The median closed real estate sales price for single family homes in Danbury was $320,000. 

On average, these homes sold for 94.6% of their most recent list price.

Days on Market averaged 132 days of market time. 

This compares with 43 closed sales in July, 2008, with a median closed sales price of $358,000.


***  What is interesting to note is that of these 15% of these sales were bank-owned foreclosure homes.

 

Condos:
There were 36 condominium sales closed in Danbury, CT.
The median closed sales price was $250,250.
On average, these homes sold for 95.5% of their most recent list price.

This compares with 29 closed sales in July, 2008, with a median closed sales price of $275,000.

***  What is interesting to note is that of these sales, 19% were either bank-owned foreclosure homes or short sales

.

Danbury CT Median Sales Prices




Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 272 single family homes for sale in Danbury, CT.
List Prices range from $89,900 for a one-bedroom ranch that needs work to $2,290,000 for a large Candlewood Lake waterfront home with guest house.

Condos:
Currently, there are 220 condos available for sale in Danbury, CT.
List prices range from $60,000 - $739,000.


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
203.746.1199
Connecticut Real Estate and Homes for Sale

 

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

 

 

Comment balloon 0 commentsDon Fabrizio-Garcia • August 22 2009 02:23PM
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