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

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

New Milford, Connecticut Real Estate Update
November, 2008

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 13 single family home sales closed in New Milford, CT.

The average closed real estate sales price for single family homes in New Milford was $347,261.
The median closed sales price was $372,500.
On average, these homes sold for 93.1% of their final list price.

Days on Market averaged 204 days of market time.

This compares to 24 single family homes closed in November, 2007, with an average closed sales price of $441,850 and a median closed sales price of $379,500.

Condos:
There were 4 condominium sales closed in New Milford, CT.

The average closed real estate sales price for condos in New Milford was $230,875.
The median closed sales price was $155,000.
On average, these homes sold for 96.9% of their list price.

This compares to 7 condos closed in November, 2007, with an average closed sales price of $212,045 and a median closed sales price of $195,875.


New Milford CT Median Sales Prices

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 247 single family homes for sale in New Milford, CT.
List Prices range from $115,000 for a bank-owned fixer to $2,295,000 for an antique home on nearly 100 acres.

Condos:
Currently, there are 60 condos available for sale in New Milford, CT.
List prices range from $79,900 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 1 commentDon Fabrizio-Garcia • December 16 2008 12:49PM

Comments

Hey, great post. Thanks for the information about your area.

Posted by Brian Belcher, Charlotte Realtor (RE/MAX Metro Realty) over 9 years ago

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