Fab Real Estate Blog: Danbury, CT - March, 2007 Real Estate Market Report

Danbury, CT - March, 2007 Real Estate Market Report

Danbury, Connecticut Real Estate Update
March, 2007

Closed home sales in Danbury, Connecticut:

Single Family Homes:
In March of 2007, there were 26 single family home sales closed in Danbury, CT.
List Prices ranged from $219,900 - $749,900.
Closed Sales Prices ranged from $165,000 - $700,000.

The average closed real estate sales price for single family homes in Danbury for the month of March was $366,453.  The median closed real estate sales price was $332,500.
On average, these homes sold for 96% of their most recent list price.
Days on Market ranged from 20 - 867 days, with the average being 172 days of market time.  (One home was one the market since 2004 - it was originally priced nearly $200,000 higher than its final sales price).

This compares with 41 closed sales in March, 2006, with an average closed sales price of $368,982 and a median closed sales price of $351,500.

Condos:
In March of 2007, there were 27 condominium sales closed in Danbury, CT.
List Prices ranged from $175,000 - $564,900.
Closed Sales Prices ranged from $175,000 - $560,000.

The average closed real estate sales price for condos in Danbury for the month of March was $292,036.
The median closed sales price was $280,000.
On average, these homes sold for nearly 99% of their most recent list price.
Days on Market ranged from 8 - 505 days, with the average being 116 days of market time.

This compares with 61 closed sales in March, 2006, with an average closed sales price of $272,154 and a median closed sales price of $264,000.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 297 single family homes for sale in Danbury, CT.
List Prices range from $89,000 for a summer cottage with just under 500 square feet in a lake community to $3,300,000 for a contemporary home with level, direct frontage on Candlewood Lake.

Condos:
Currently, there are 296 condos available for sale in Danbury, CT.
List prices range from $89,000 - $850,000.


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 • April 15 2007 04:11PM

Comments

Participate