Fab Real Estate Blog

Danbury, CT - December, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Mon, 08 Feb 2010 14:08:20 -0600

Danbury, Connecticut Real Estate Update
December, 2009

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 22 single family home sales closed in Danbury, CT.

The median closed real estate sales price for single family homes in Danbury was $284,000.

On average, these homes sold for 94.3% of their most recent list price.

Days on Market averaged 225 days of market time.

This compares with 18 closed sales in December, 2008, with a median closed sales price of $287,500.

*** What is interesting to note is that 18% of these sales were either short sales or bank-owned foreclosure sales.

Condos:
There were 26 condominium sales closed in Danbury, CT.
The median closed sales price was $247,000.
On average, these homes sold for 97.3% of their most recent list price.

This compares with 18 closed sales in December, 2008, with a median closed sales price of $215,750.

Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 227 single family homes for sale in Danbury, CT.
List Prices range from $96,900 for a bank-owned fixer to $1,995,000 for a large Candlewood Lake waterfront home with guest house.

Condos:
Currently, there are 199 condos available for sale in Danbury, CT.
List prices range from $63,323 - $729,900.

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
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate

Danbury, CT - November, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Mon, 08 Feb 2010 13:29:27 -0600

Danbury, Connecticut Real Estate Update
November, 2009

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 36 single family home sales closed in Danbury, CT.

The median closed real estate sales price for single family homes in Danbury was $264,000.

On average, these homes sold for 95.3% of their most recent list price.

Days on Market averaged 176 days of market time.

This compares with 17 closed sales in November, 2008, with a median closed sales price of $355,000.

*** What is interesting to note is that 25% of these sales were either short sales or bank-owned foreclosure sales.

Condos:
There were 32 condominium sales closed in Danbury, CT.
The median closed sales price was $208,000.
On average, these homes sold for 95.9% of their most recent list price.

This compares with 15 closed sales in November, 2008, with a median closed sales price of $256,500.

Currently available homes for sale in Danbury, Connecticut:

Condos:
Currently, there are 199 condos available for sale in Danbury, CT.
List prices range from $63,323 - $729,900.

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 Greater Fairfield County MLS and believed to be accurate

Danbury, CT - October, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Mon, 08 Feb 2010 13:23:35 -0600

Danbury, Connecticut Real Estate Update
October, 2009

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 27 single family home sales closed in Danbury, CT.

The median closed real estate sales price for single family homes in Danbury was $250,000.

On average, these homes sold for 94.9% of their most recent list price.

Days on Market averaged 189 days of market time.

This compares with 19 closed sales in October, 2008, with a median closed sales price of $325,000.

*** What is interesting to note is that 22% of these sales were bank-owned foreclosure sales.

Condos:
There were 20 condominium sales closed in Danbury, CT.
The median closed sales price was $260,500.
On average, these homes sold for 95.8% of their most recent list price.

This compares with 17 closed sales in October, 2008, with a median closed sales price of $195,000.

Currently available homes for sale in Danbury, Connecticut:

Condos:
Currently, there are 199 condos available for sale in Danbury, CT.
List prices range from $63,323 - $729,900.

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 Greater Fairfield County MLS and believed to be accurate

Sherman, CT - October, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Mon, 08 Feb 2010 13:08:47 -0600

Sherman, Connecticut Real Estate Update
October, 2009

Closed home sales in Sherman, Connecticut:

There were 3 home sales that closed in Sherman during October, 2009.

The median sales price was $1,120,000.

On average, these homes sold for 93.7% of their final list price.

Days on Market averaged 83 days of market time. (NOTE: This is an unusually low number for days on market, due to the fact that the few homes that sold happen to sell much quicker than the market average)

This compares with 2 closed sales in October, 2008, with a median sales price of $1,002,500.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 42 homes for sale in Sherman, CT.
List Prices range from $159,900 for a small, bank-owned home to $2,995,000 for a spacious colonial with beach rights to Candlewood Lake.

Sherman, Connecticut is a small semi-rural community of about 4,000 residents that borders New York State to the west, New Fairfield to the south and hugs the northwestern shores of Candlewood Lake. Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities. The northernmost town in Fairfield County, Sherman is often cited as being the fastest growing town in Connecticut per capita, yet still retains its rural roots and charm.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Sherman, CT - December, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Mon, 08 Feb 2010 13:14:45 -0600

Sherman, Connecticut Real Estate Update
December, 2009

Closed home sales in Sherman, Connecticut:

There were 6 home sales that closed in Sherman during December, 2009.

The median sales price was $487,500.

On average, these homes sold for 91.7% of their final list price.

Days on Market averaged 275 days of market time.

This compares with 4 closed sales in December, 2008, with a median sales price of $550,000.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 42 homes for sale in Sherman, CT.
List Prices range from $159,900 for a small, bank-owned home to $2,995,000 for a spacious colonial with beach rights to Candlewood Lake.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Sherman, CT - November, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Mon, 08 Feb 2010 13:11:44 -0600

Sherman, Connecticut Real Estate Update
November, 2009

Closed home sales in Sherman, Connecticut:

There were 6 home sales that closed in Sherman during November, 2009.

The median sales price was $390,000.

On average, these homes sold for 90% of their final list price.

Days on Market averaged 185 days of market time.

This compares with 2 closed sales in November, 2008, with a median sales price of $615,000.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 42 homes for sale in Sherman, CT.
List Prices range from $159,900 for a small, bank-owned home to $2,995,000 for a spacious colonial with beach rights to Candlewood Lake.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

New Fairfield, CT - December, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Mon, 08 Feb 2010 13:02:22 -0600

New Fairfield, Connecticut Real Estate Update
December, 2009

Closed home sales in New Fairfield, Connecticut:

There were 12 home sales closed in New Fairfield, CT.

The median closed real estate sales price for New Fairfield was $437,500.

On average, these homes sold for 93.7% of their final list price.

Days on Market averaged 238 days of market time.

This compares with 9 closed sales in December, 2008, with a median sales price of $417,500.

Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 85 homes for sale in New Fairfield, CT.
List Prices range from $103,500 for a bank-owned fixer to $3,200,000 for a spacious Candlewood Lake waterfront home.

New Fairfield, Connecticut is a small community of about 14,000 residents that borders New York State to the west and Candlewood Lake to the east. Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities. New Fairfield enjoys a convenient commute location to lower Fairfield County and Westchester County, New York. New Fairfield is situated just over an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate

New Fairfield, CT - November, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Mon, 08 Feb 2010 12:58:57 -0600

New Fairfield, Connecticut Real Estate Update
November, 2009

Closed home sales in New Fairfield, Connecticut:

There were 15 home sales closed in New Fairfield, CT.

The median closed real estate sales price for New Fairfield was $425,000.

On average, these homes sold for 89.5% of their final list price.

Days on Market averaged 203 days of market time.

This compares with 7 closed sales in November, 2008, with a median sales price of $358,000.

Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 85 homes for sale in New Fairfield, CT.
List Prices range from $103,500 for a bank-owned fixer to $3,200,000 for a spacious Candlewood Lake waterfront home.

New Fairfield, CT - October, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Mon, 08 Feb 2010 12:53:42 -0600

New Fairfield, Connecticut Real Estate Update
October, 2009

Closed home sales in New Fairfield, Connecticut:

There were 13 home sales closed in New Fairfield, CT.

The median closed real estate sales price for New Fairfield was $343,000.

On average, these homes sold for 93.8% of their final list price.

Days on Market averaged 268 days of market time.

This compares with 9 closed sales in October, 2008, with a median sales price of $330,000.

Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 85 homes for sale in New Fairfield, CT.
List Prices range from $103,500 for a bank-owned fixer to $3,200,000 for a spacious Candlewood Lake waterfront home.

New Fairfield, CT Home For Sale: Ranch with In-Law Apartment near Candlewood Lake

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Sun, 10 Jan 2010 09:46:38 -0600

New Fairfield, Connecticut Real Estate For Sale

231 State Route 39
New Fairfield, CT
$325,000

Ranch with Privacy and Finished Lower Level/In-Law Apartment!
Privately set high up off the road, surrounded by nature
Main Level with 3 Bedrooms
Lower-Level with 1 Bedroom, Living Room, Den, Dining Area, plumbed for Kitchenette
Beautifully planted gardens
Lovely Wooded Views
Two-Car Garage
Just moments away from Squantz Pond and New Fairfield's Candlewood Lake Town Park

Don't miss this great New Fairfield home!

Contact Don Fabrizio-Garcia today for your private showing
203.746.1199

Nationwide Realty
don@FabRealEstate.com
www.FabRealEstate.com

New Fairfield, Connecticut Real Estate

How do Home Buyers Find Their Home?

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Tue, 17 Nov 2009 09:20:48 -0600

A new report just released by Inman News details how home buyers ultimately find their new home. The results are not surprising:

36% of all home buyers found the home they purchased through their real estate agent
36% of all home buyers found the home they purchased on the internet

Just with the two items above, a whopping 72% of all recent home buyers found their new home through their agent or through their online searches. Ninety percent of all recent buyers did utilize the internet to look at available homes and assist themselves in their home search process.

Agents often ask why I market so extensively online. I do so because I want my clients' homes to sell. I want those 90% of internet searches to see MY clients' homes.
Some agents ask why I also market to my colleagues. Again, I do so because I want my clients' homes to sell.

The report continues:

12% of all home buyers found the home they purchased from a yard sign.
6% of all home buyers found the home they purchased through a friend, neighbor or relative

Don't want a For Sale Sign in your front yard? You may have potentially lost out on 12% of the potential buyers.
The photo postcard mailing I send to your neighbors helps us capture an additional 6% of potential buyers for your home.

We've now tackled 90% of the market of potential buyers for your home. Most buyers are now aware of your home.

Where do print ads come in to play? Only 2% of buyers located their new home through a print ad.
How about open houses? Not even listed on the report, as while many buyers do visit open houses, they do not typically locate their via these open houses.

So, as agents, where should we focus our time, money and efforts?

I focus my efforts on those 90% of buyers.
If you're selling your home, make sure all efforts are focused on these 90% of buyers. The odds of selling will be in your favor

Don Fabrizio-Garcia, REALTOR
Real Estate Broker & Appraiser
Nationwide Realty

203.746.1199
www.FabRealEstate.com

Ridgefield, CT - September, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Sat, 07 Nov 2009 14:11:19 -0600

Ridgefield, Connecticut Real Estate Update
September, 2009

Closed home sales in Ridgefield, Connecticut:

There were 25 home sales closed in Ridgefield, CT.

The median closed sales price in Ridgefield was $65,000.

On average, these homes sold for 94.1% of their final list price.

Marketing time averaged 249 days on market.

NOTE: 24% of these sales were bank-owned foreclosure properties

This compares with 15 closed sales in September, 2008, with a median sales price of $710,000.

Currently available homes for sale in Ridgefield, Connecticut:

Currently, there are 240 homes for sale in Ridgefield, CT.
List Prices range from $229,900 for a small cottage in a lake community to $8,850,000 for a 16,000 square foot contemporary showpiece.

Ridgefield, Connecticut is a wonderful New England town bordering New York's Westchester County. It is popular with those commuting to lower Fairfield County, Westchester County and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Ridgefield, CT - August, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Sat, 07 Nov 2009 13:55:01 -0600

Ridgefield, Connecticut Real Estate Update
August, 2009

Closed home sales in Ridgefield, Connecticut:

There were 22 home sales closed in Ridgefield, CT.

The median closed sales price in Ridgefield was $647,250.

On average, these homes sold for 92.4% of their final list price.

Marketing time averaged 112 days on market.

This compares with 23 closed sales in August, 2008, with a median sales price of $690,000.

Currently available homes for sale in Ridgefield, Connecticut:

Currently, there are 240 homes for sale in Ridgefield, CT.
List Prices range from $229,900 for a small cottage in a lake community to $8,850,000 for a 16,000 square foot contemporary showpiece.

Ridgefield, Connecticut is a wonderful New England town bordering New York's Westchester County. It is popular with those commuting to lower Fairfield County, Westchester County and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Bethel, CT - September, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Sat, 07 Nov 2009 13:36:16 -0600

Bethel, Connecticut Real Estate Update
September, 2009

Closed home sales in Bethel, Connecticut:

There were 13 home sales closed in Bethel, CT.

The median closed sales price in Bethel was $359,000.

On average, these homes sold for 97.3% of their final list price.

Marketing time averaged 133 days on market.

This compares with 9 closed sale in September, 2008, with a median sales price of $435,000.

Currently available homes for sale in Bethel, Connecticut:

Currently, there are 97 homes for sale in Bethel, CT.
List Prices range from $180,000 for a two-bedroom ranch being sold as a short sale to $1,099,000 for a large colonial on over 5 acres.

Bethel, Connecticut is a quaint New England town with a wonderful pedestrian-friendly downtown area with plenty of shops. Bethel borders Danbury to the west, Brookfield to the north and Redding to the south.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Bethel, CT - August, 2009 Real Estate Market Report

Don Fabrizio-Garcia - Connecticut Real Estate (Nationwide Realty) — Sat, 07 Nov 2009 13:26:21 -0600

Bethel, Connecticut Real Estate Update
August, 2009

Closed home sales in Bethel, Connecticut:

There were 16 home sales closed in Bethel, CT.

The median closed sales price in Bethel was $310,250.

On average, these homes sold for 96% of their final list price.

Marketing time averaged 83 days on market.

NOTE: 31% of this month's sales were bank-owned foreclosure properties. This helps account for the low average days on market.

This compares with 20 closed sale in August, 2008, with a median sales price of $410,000.

Currently available homes for sale in Bethel, Connecticut:

Currently, there are 97 homes for sale in Bethel, CT.
List Prices range from $180,000 for a two-bedroom ranch being sold as a short sale to $1,099,000 for a large colonial on over 5 acres.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.