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

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

New Milford, Connecticut Real Estate Update 
May, 2008

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 19 single family home sales closed in New Milford, CT.
List Prices ranged from $149,900 - $599,900.
Closed Sales Prices ranged from $182,000 - $565,000.

The average closed real estate sales price for single family homes in New Milford was $322,815.
The median closed sales price was $283,000.
On average, these homes sold for 96.6% of their final list price.
Days on Market ranged from 5 - 431 days, with the average being 152 days of market time.

This compares to 32 single family homes closed in May, 2007, with an average closed sales price of $410,665 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 $177,250.
The median closed sales price was $178,000.
On average, these homes sold for 97.2% of their list price.

This compares to 16 condos closed in May, 2007, with an average closed sales price of $212,720 and a median closed sales price of $181,000.



Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 307 single family homes for sale in New Milford, CT.
List Prices range from $144,900 for a bank-owned fixer to $4,200,000 for a restored 1860's home on 100 acres.

Condos:
Currently, there are 74 condos available for sale in New Milford, CT.
List prices range from $89,900 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.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
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 06:20PM

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