Fab Real Estate Blog: Danbury, CT February 2007 Real Estate Market Report

Danbury, CT February 2007 Real Estate Market Report

Danbury, Connecticut Real Estate Update
February, 2007

Closed home sales in Danbury, Connecticut:

Single Family Homes:
In February of 2007, there were 25 single family home sales closed in Danbury, CT.
List Prices ranged from $257,500 - $999,999.
Closed Sales Prices ranged from $246,000 - $950,000.

The average closed real estate sales price for single family homes in Danbury for the month of February was $379,203.  The median closed real estate sales price was $342,000.
On average, these homes sold for 98% of their list price.
Days on Market ranged from 12 - 328 days, with the average being 130 days of market time.

This compares with 18 closed sales in February, 2006, with an average closed sales price of $455,897 and a median closed sales price of $430,000.

Condos:
In February of 2007, there were 17 condominium sales closed in Danbury, CT.
List Prices ranged from $119,900 - $539,900.
Closed Sales Prices ranged from $119,000 - $539,900.

The average closed real estate sales price for condos in Danbury for the month of February was $276,941.
The median closed sales price was $270,000.
On average, these homes sold for 98% of their list price.
Days on Market ranged from 21 - 380 days, with the average being 119 days of market time.

This compares with 42 closed sales in February, 2006, with an average closed sales price of $279,418 and a median closed sales price of $262,450.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 260 single family homes for sale in Danbury, CT.
List Prices range from $202,900 - $3,300,000.

2 Bedroom Homes:  There are twenty-four available from $220,000 for a small ranch to $1,100,000 for an updated waterfront home.
3 Bedroom Homes:  There are 121 available from $202,900 for a bank-owned fixer property to $3,300,000 for a contemporary home with level, direct frontage on Candlewood Lake.
4+ Bedroom Homes:  There are 115 available from $265,000 for a small hi-ranch to $1,400,000 for an antique stone colonial in a Candlewood Lake community. 

Condos:
Currently, there are 273 condos available for sale in Danbury, CT.
List prices range from $89,000 - $825,000.

1 Bedroom:  There are 20 available from $89,000 - $499,900 for a new unit under construction.
2 Bedrooms:  There are 198 available from $164,900 - $825,000 for a unit in a new Candlewood Lake community.
3 Bedrooms:  There are 48 available from $209,000 - $638,000 for a new unit currently under construction.
4 Bedrooms:  There are 7 available from $339,000 - $618,000.


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
203.746.1199
Connecticut Real Estate and Homes for Sale

 

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

Comment balloon 0 commentsDon Fabrizio-Garcia • March 24 2007 09:01PM

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