Fab Real Estate Blog

New Milford, Connecticut Real Estate Update 
February, 2009 

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 12 single family home sales closed in New Milford, CT.

The average closed real estate sales price for single family homes in New Milford was $358,135.
The median closed sales price was $332,500.
On average, these homes sold for 91.2% of their final list price.

Days on Market averaged 241 days of market time.

This compares to 96 single family homes closed in February, 2008, with an average closed sales price of $329,836 and a median closed sales price of $300,000.

Condos:
There were 2 condominium sales closed in New Milford, CT.

The average closed real estate sales price for condos in New Milford was $109,250.
The median closed sales price was $109,250.
On average, these homes sold for 90.7% of their list price.

This compares to 4 condos closed in February, 2008, with an average closed sales price of $193,322 and a median closed sales price of $192,950.

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 249 single family homes for sale in New Milford, CT.
List Prices range from $124,900 for an antique bank-owned home to $1,495,000 for an updated ranch on over 10 acres.

Condos:
Currently, there are 74 condos available for sale in New Milford, CT.
List prices range from $62,900 to $539,900.

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
203.746.1199
Connecticut Real Estate and Homes for Sale

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