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

Danbury, CT - October, 2008 Real Estate Market Report

Danbury, Connecticut Real Estate Update
October, 2008

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 20 single family home sales closed in Danbury, CT.Danbury CT Median Sales Prices

The average closed real estate sales price for single family homes in Danbury was $365,105. 
The median closed real estate sales price was $333,000.

On average, these homes sold for 95.2% of their most recent list price.
Days on Market averaged 149 days of market time. 

This compares with 21 closed sales in october, 2007, with an average closed sales price of $383,353 and a median closed sales price of $322,500.

Condos:
There were 17 condominium sales closed in Danbury, CT.
The average closed real estate sales price for condos in Danbury was $228,642.
The median closed sales price was $195,000.
On average, these homes sold for 96.9% of their most recent list price.

This compares with 39 closed sales in October, 2007, with an average closed sales price of $261,979 and a median closed sales price of $244,000.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 305 single family homes for sale in Danbury, CT.
List Prices range from $79,900 for a small cottage to $3,499,000 for a renovated 1920's colonial on nearly 9 acres.

Condos:
Currently, there are 237 condos available for sale in Danbury, CT.
List prices range from $85,000 - $710,000.


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
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 2 commentsDon Fabrizio-Garcia • November 18 2008 08:37PM

Comments

Good info Don, doesn't sound all that bad on the single family homes!  Condos on the other hand seem to have taken a pretty big hit.  Am I reading this right?

Laura G

 

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) over 9 years ago

Hi Laura - Yes, you read it right.  However, these year-year comparisons only show a small snapshot of the true picture.  We're down across the board.

I'm going to prepare quarterly reports, which I think will show more a more accurate description of the overall market, rather than just a little snapshot.

Posted by Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate (Fab Real Estate) over 9 years ago

Participate