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

Danbury, CT - November, 2008 Real Estate Market Report

Danbury, Connecticut Real Estate Update
November, 2008

Closed home sales in Danbury, Connecticut:

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

The average closed real estate sales price for single family homes in Danbury was $358,596. 
The median closed real estate sales price was $345,000.

On average, these homes sold for 94.2% of their most recent list price.
Days on Market averaged 196 days of market time. 

This compares with 20 closed sales in November, 2007, with an average closed sales price of $389,065 and a median closed sales price of $340,950.

Condos:
There were 15 condominium sales closed in Danbury, CT.
The average closed real estate sales price for condos in Danbury was $262,493.
The median closed sales price was $256,500.
On average, these homes sold for 92.2% of their most recent list price.

This compares with 27 closed sales in November, 2007, with an average closed sales price of $263,809 and a median closed sales price of $237,900.

Danbury CT Median Sales Prices


Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 276 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 226 condos available for sale in Danbury, CT.
List prices range from $85,000 - $680,000.


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 • December 16 2008 12:11PM

Comments

Still coming down.  However, with that DOM, I would suspect that a smart buyer with a smart buyer's agent could negotiate a price that would give the new owner some "breathing room".

 

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) over 9 years ago

Lenn - Yes, prices are still declining.  But, I have some very happy recent buyers who are now in homes - that they can afford - that they couldn't afford two years ago.

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

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