Fab Real Estate Blog: New Milford, CT - May, 2009 Real Estate Market Report

New Milford, CT - May, 2009 Real Estate Market Report

New Milford, Connecticut Real Estate Update 
May, 2009 

Closed home sales in New Milford, Connecticut: 

Single Family Homes: 
There were 15 single family home sales closed in New Milford, CT. 

The median closed real estate sales price for single family homes in New Milford was $240,000. 
On average, these homes sold for 93.5% of their final list price. 

Days on Market averaged 202 days of market time.

This compares to 17 single family homes closed in May, 2008, with a median closed sales price of $307,500.

*** It is interesting to note that 40% of these New Milford sales were bank-owned foreclosure properties.  An additional 20% of these sales were completed short sale situations.

 

Condos: 
There were 3 condominium sales closed in New Milford, CT.

The median closed real estate sales price for condos in New Milford was $98,000.
On average, these homes sold for 97.9% of their list price.

This compares to 5 condos closed in May, 2008, with a median closed sales price of $177,000.


New Milford CT Median Sales Prices

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 288 single family homes for sale in New Milford, CT.
List Prices range from $89,900 for an remodeled, antique bank-owned home to $6,500,000 for a new home on mor ethan 75 acres.

Condos:
Currently, there are 81 condos available for sale in New Milford, CT.
List prices range from $59,900 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.

 

 

 

Comment balloon 0 commentsDon Fabrizio-Garcia • June 23 2009 09:26AM

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