Fab Real Estate Blog: New Milford, CT - April, 2007 Real Estate Market Report

New Milford, CT - April, 2007 Real Estate Market Report

New Milford, Connecticut Real Estate Update
April, 2007

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 27 single family home sales closed in New Milford, CT.
List Prices ranged from $249,888 - $1,400,000.
Closed Sales Prices ranged from $219,000 - $1,375,000.

The average closed real estate sales price for single family homes in New Milford was $390,634.
The median closed sales price was $384,450.
On average, these homes sold for 98% of their final list price.
Days on Market ranged from 7 - 492 days, with the average being 183 days of market time.

This compares to 16 single family homes closed in April, 2006, an average closed sales price of $390,634 and a median closed sales price of $384,450.

Condos:
There were 7 condominium sales closed in New Milford, CT.
List Prices ranged from $118,000 - $429,000.
Closed Sales Prices ranged from $116,000 - $415,000.

The average closed real estate sales price for condos in New Milford was $222,985.
The median closed sales price was $157,000.
On average, these homes sold for 98% of their list price.
Days on Market ranged from 41 - 145 days, with the average being 72 days of market time.

This compares to 7 condos closed in April, 2006, with an average closed sales price of $168,142 and a median closed sales price of $150,000.



Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 313 single family homes for sale in New Milford, CT.
List Prices range from $179,000 for a small ranch to $2,850,000 for a 20 acre estate with an 8,000 square foot main home and four additional detached residences.

Condos:
Currently, there are 77 condos available for sale in New Milford, CT.
List prices range from $98,900 for a 1-bedroom unit to $619,900 for a detached unit in a lake 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
Real Estate and Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

 

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

Comment balloon 0 commentsDon Fabrizio-Garcia • May 20 2007 06:55PM

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