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

New Milford, CT - October, 2008 Real Estate Market Report

New Milford, Connecticut Real Estate Update
October, 2008

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 17 single family home sales closed in New Milford, CT.

The average closed real estate sales price for single family homes in New Milford was $317,188.
The median closed sales price was $330,000.
On average, these homes sold for 96.2% of their final list price.

Days on Market averaged 215 days of market time.

This compares to 16 single family homes closed in October, 2007, with an average closed sales price of $436,331 and a median closed sales price of $377,450.

Condos:
There were 9 condominium sales closed in New Milford, CT.

The average closed real estate sales price for condos in New Milford was $217,780.
The median closed sales price was $170,000.
On average, these homes sold for 95.5% of their list price.

This compares to 5 condos closed in October, 2007, with an average closed sales price of $183,000 and a median closed sales price of $180,000.


New Milford CT Median Sales Prices

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 265 single family homes for sale in New Milford, CT.
List Prices range from $150,000 for an historic fixer to $2,295,000 for an antique home on nearly 100 acres.

Condos:
Currently, there are 64 condos available for sale in New Milford, CT.
List prices range from $82,000 for a one-bedroom unit to $539,900 for a detached unit in an active-adult community.


New Milford, Connecticut, is the southernmost town in Litchfield County and is known as The Gateway to Litchfield County. The town borders the northeastern shores of Candlewood Lake. Several lake communities surround its Candlewood Lake shores, and typically offer a private beach for residents, boat docks and other amenities. New Milford enjoys a population of about 28,000 residents.

 

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
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 • November 19 2008 08:09PM

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