Danbury, Connecticut Real Estate Update
February, 2011
Closed home sales in Danbury, Connecticut:
Single Family Homes:
There were 14 single family home sales closed in Danbury, CT.
The median closed real estate sales price for single family homes in Danbury was $278,000.
On average, these homes sold for 95% of their most recent list price.
Days on Market averaged 211 days of market time.
This compares with 16 closed sales in February, 2010, with a median closed sales price of $255,000.
*** 15% of these sales were either short sales or bank-owned foreclosure sales.
Condos:
There were 16 condominium sales closed in Danbury, CT.
The median closed sales price was $267,000.
On average, these homes sold for 96% of their most recent list price.
This compares with 12 closed sales in February, 2010, with a median closed sales price of $217,250.
*** 25% of these sales were either short sales or bank-owned foreclosure sales.
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Currently available homes for sale in Danbury, Connecticut:
Single Family Homes:
Currently, there are 280 single family homes for sale in Danbury, CT.
List Prices range from $95,000 for a short-sale fixer to $1,995,000 for a large waterfront home on Candlewood Lake.
Condos:
Currently, there are 227 condos available for sale in Danbury, CT.
List prices range from $47,300 - $599,960.
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
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
