Fab Real Estate Blog: Brookfield, CT January 2007 Market Report

Brookfield, CT January 2007 Market Report

Brookfield, Connecticut Real Estate Update
January 2007

Closed home sales in Brookfield, Connecticut:

Single Family Homes:
In January of 2007, there were 8 single family home sales closed in Brookfield, CT.
List Prices ranged from $280,000 - $800,000.
Closed Sales Prices ranged from $270,000 - $787,000.

The average closed real estate sales price for single family homes in Brookfield for the month of January was $426,000.
On average, these homes sold for 97% of their list price.
Days on Market ranged from 1 - 370 days, with the average being 235 days of market time.

This compares to 12 closed sales in January, 2006, with an average sales price of $480,000.

Condos:
In January of 2007, there were 5 condominium sales closed in Brookfield, CT.
List Prices ranged from $240,000 - $300,000.
Closed Sales Prices ranged from $232,000 - $300,000.

The average closed real estate sales price for condos in Brookfield for the month of January was $278,000.
On average, these homes sold for 98% of their list price.
Days on Market ranged from 87 - 209 days, with the average being 142 days of market time.

This compares to 4 closed sales in January, 2006, with an average sales price of $270,000.



Currently available homes for sale in Brookfield, Connecticut:

Single Family Homes:
Currently, there are 121 single family homes for sale in Brookfield, CT.
List Prices range from $250,000 for a small hi-ranch to $2,249,000 for a Candlewood Lake waterfront home.

2 Bedroom Homes:
  There are 3 available from $250,000 $400,000.
3 Bedroom Homes:  There are 37 available from $260,000 for a small ranch in a lake community to $2,249,000.
4+ Bedroom Homes:  There are 81 available from $350,000 for a ranch in need of updating to $1,950,000 for a spacious Candlewood Lake waterfront contemporary home. 

Condos:
Currently, there are 21 condos for sale in Brookfield, CT.  List prices range from $192,000 - $540,000.

1 Bedroom:  There are 4 available from $192,000 - $295,000.
2 Bedrooms:  There are 12 available from $224,000 - $509,000 for a luxury townhome in an Active Adult community.
3 Bedrooms:  There are 5 available from $354,000 - $540,000 for a luxury townhome in an Active Adult community.



Brookfield, Connecticut, is located between Candlewood Lake and Lake Lillinonah, creating a multitude of water recreation opportunities in the town.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  Brookfield enjoys a population of about 16,000 residents.

This Market Report prepared by:
Don Fabrizio-Garcia
REALTOR
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

 

Data compiled from the Consolidated MLS and believed to be accurate.

Comment balloon 2 commentsDon Fabrizio-Garcia • February 02 2007 06:54PM

Comments

sounds like your inventory and demand is not in balance right now
Posted by Charles Blumenkehl (Blue Asset Management) over 11 years ago
Well, the market was a bit slow at the end of the year, and these January closings represent homes that went under contract in November and December.  It looks like things may be starting to pick up a bit.  And, of course, homes that show well and are priced right have continued to sell.
Posted by Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate (Fab Real Estate) over 11 years ago

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