Fab Real Estate Blog: New Milford, CT - January, 2011 Real Estate Market Report

New Milford, CT - January, 2011 Real Estate Market Report

New Milford, Connecticut Real Estate Update 
January, 2011

Closed home sales in New Milford, Connecticut: 

Single Family Homes: 
There were 10 single family home sales closed in New Milford, CT. 

The median closed real estate sales price for single family homes in New Milford was $260,000. 
On average, these homes sold for 94% of their final list price. 

Days on Market averaged 157 days of market time. 

 NOTE:  30% of these closes sales were either bank-owned foreclosure sales or pre-foreclosure short sales.

 

This compares to 11 single family homes closed in this month last year, with a median closed sales price of $212,000.

 

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

The median closed real estate sales price for condos in New Milford was $106,500.

This compares to 2 condos closed in this month last year, with a median closed sales price of $174,000.


New Milford CT Median Sales Prices

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 222 single family homes for sale in New Milford, CT.
List Prices range from $89,900 for a small bank-owned home to $5,900,000 for am expansive home on more than 75 acres.

Condos:
Currently, there are 74 condos available for sale in New Milford, CT.
List prices range from $54,900 to $532,700.


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 Broker
203.947-1107
Connecticut Real Estate and Homes for Sale

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

 

 

Comment balloon 2 commentsDon Fabrizio-Garcia • February 25 2011 04:54PM

Comments

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