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

Brookfield, CT - March, 2007 Real Estate Market Report

Brookfield, Connecticut Real Estate Update
March, 2007

Closed home sales in Brookfield, Connecticut:

Single Family Homes:
In March of 2007, there were 9 single family home sales closed in Brookfield, CT.
List Prices ranged from $174,900 - $949,900.
Closed Sales Prices ranged from $135,000 - $895,000.

The average closed real estate sales price for single family homes in Brookfield for the month of March was $405,197.
The median closed sales price was $354,275.
On average, these homes sold for 94% of their final list price.
Days on Market ranged from 4 - 503 days, with the average being 232 days of market time.  Interestingly, most of the homes that sat on the market for more than 100 days were originally priced $100,000 or more higher than their sales price.  This is caused by improper pricing when initially listing the home for sale.

This compares to 13 closed sales in March, 2006, with an average sales price of $521,992 and a median closed sales price of $435,000.

Condos:
In March of 2007, there were 7 condominium sales closed in Brookfield, CT.
List Prices ranged from $194,500 - $279,900.
Closed Sales Prices ranged from $192,000 - $263,000.

The average closed real estate sales price for condos in Brookfield for the month of March was $219,537.
The median closed sales price was $220,000.
On average, these homes sold for 96% of their list price.
Days on Market ranged from 45 - 285 days, with the average being 114 days of market time.

This compares to 5 closed sales in March, 2006, with an average sales price of $241,400 and a median sales price of $220.000.



Currently available homes for sale in Brookfield, Connecticut:

Single Family Homes:
Currently, there are 160 single family homes for sale in Brookfield, CT.
List Prices range from $299,900 for a 4 bedroom cape that could use some updating to $1,925,000 for a contemporary Candlewood Lake waterfront home.

Condos:
Currently, there are 34 condos for sale in Brookfield, CT.  List prices range from $180,500 for a one bedroom unit to $649,900 for a new detached unit.




Brookfield, Connecticut, is located between Candlewood Lake and Lake Lillinonah, creating a multitude of water recreation opportunities in the town.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  Brookfield enjoys a population of about 16,000 residents.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
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 18 2007 04:36PM

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