Fab Real Estate Blog: New Milford, CT - January, 2008 Real Estate Market Report

New Milford, CT - January, 2008 Real Estate Market Report

New Milford, Connecticut Real Estate Update
January, 2008

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 16 single family home sales closed in New Milford, CT.
List Prices ranged from $265,000 - $795,000.
Closed Sales Prices ranged from $260,000 - $775,000.

The average closed real estate sales price for single family homes in New Milford was $410,290.
The median closed sales price was $375,000.
On average, these homes sold for 95.7% of their final list price.
Days on Market ranged from 44 - 817 days, with the average being 280 days of market time.

This compares to 23 single family homes closed in January, 2007, with an average closed sales price of $424,232 and a median closed sales price of $355,000.

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

The average closed real estate sales price for condos in New Milford was $187,000.
The median closed sales price was $166,750.
On average, these homes sold for 98.8% of their list price.

This compares to 7 condos closed in January, 2007, with an average closed sales price of $288,939 and a median closed sales price of $245,000.



Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 235 single family homes for sale in New Milford, CT.
List Prices range from $159,900 for a bank-owned fixer to $4,200,000 for a restored 1800's home on 65 acres.

Condos:
Currently, there are 77 condos available for sale in New Milford, CT.
List prices range from $90,000 for a one bedroom unit to $539,900 for a detached unit in an active-adult community.


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.

Comment balloon 0 commentsDon Fabrizio-Garcia • February 15 2008 11:14AM

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