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

Danbury, CT - August, 2008 Real Estate Market Report

Danbury, Connecticut Real Estate Update
August, 2008

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 29 single family home sales closed in Danbury, CT.
List Prices ranged from $217,000 - $975,500.
Closed Sales Prices ranged from $207,500 - $975,000.

The average closed real estate sales price for single family homes in Danbury was $381,432. 
The median closed real estate sales price was $346,000.
On average, these homes sold for 95.5% of their most recent list price.
Days on Market ranged from 5 - 400 days, with the average being 106 days of market time.  This month enjoyed a marketing time 50 days less than recent averages... 

This compares with 55 closed sales in August, 2007, with an average closed sales price of $397,082 and a median closed sales price of $370,000.

Condos:
There were 25 condominium sales closed in Danbury, CT.
The average closed real estate sales price for condos in Danbury was $289,908.
The median closed sales price was $277,000.
On average, these homes sold for 95.8% of their most recent list price.

This compares with 37 closed sales in August, 2007, with an average closed sales price of $252,986 and a median closed sales price of $229,750.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 329 single family homes for sale in Danbury, CT.
List Prices range from $165,000 for a bank-owned ranch in need of work to $3,499,000 for a renovated 1920's colonial on nearly 9 acres.

Condos:
Currently, there are 240 condos available for sale in Danbury, CT.
List prices range from $77,900 - $769,900.


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 • September 21 2008 09:40PM

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