Fab Real Estate Blog: Danbury, CT - May, 2008 Real Estate Market Report

Danbury, CT - May, 2008 Real Estate Market Report

Danbury, Connecticut Real Estate Update
May, 2008

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 17 single family home sales closed in Danbury, CT.
List Prices ranged from $139,500 - $949,000.
Closed Sales Prices ranged from $133,000 - $757,500.

The average closed real estate sales price for single family homes in Danbury was $383,941. 
The median closed real estate sales price was $339,000.
On average, these homes sold for 93.8% of their most recent list price.
Days on Market ranged from 21 - 563 days, with the average being 187 days of market time. 

This compares with 33 closed sales in May, 2007, with an average closed sales price of $481,260 and a median closed sales price of $434,500.

Condos:
There were 27 condominium sales closed in Danbury, CT.
The average closed real estate sales price for condos in Danbury was $245,968.
The median closed sales price was $250,000.
On average, these homes sold for 92.8% of their most recent list price.

This compares with 49 closed sales in May, 2007, with an average closed sales price of $291,371 and a median closed sales price of $270,000.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 311 single family homes for sale in Danbury, CT.
List Prices range from $79,000 for a summer-only as-is cottage in a lake community to $2,499,000 for a spacious Candlewood Lake home.

Condos:
Currently, there are 271 condos available for sale in Danbury, CT.
List prices range from $79,000 - $839,000.


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
Connecticut Real Estate & Appraisals
Keller Williams CT Realty
203.746.1199
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 • June 11 2008 05:49PM

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