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

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

New Milford, Connecticut Real Estate Update 
March, 2011

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 13 single family home sales closed in New Milford, CT.

The median closed real estate sales price for single family homes in New Milford was $281,000.
On average, these homes sold for 98% of their final list price.

Days on Market averaged 238 days of market time.

NOTE:  38% of these closes sales were either bank-owned foreclosure sales or pre-foreclosure short sales.

 

This compares to 24 single family homes closed in this month last year, with a median closed sales price of $313,000.

 

Condos:
There were 4 condominium sales closed in New Milford, CT.

The median closed real estate sales price for condos in New Milford was $89,500.

This compares to 7 condos closed in this month last year, with a median closed sales price of $145,000.


New Milford CT Median Sales Prices

 

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 183 single family homes for sale in New Milford, CT.
List Prices range from $71,900 for a bank-owned fixer to $5,900,000 for am expansive home on more than 75 acres.

Condos:
Currently, there are 64 condos available for sale in New Milford, CT.
List prices range from $58,000 to $619,900.


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
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 0 commentsDon Fabrizio-Garcia • February 01 2012 01:20PM

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