Danbury, CT

Danbury, Connecticut Real Estate Update
September, 2009

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 24 single family home sales closed in Danbury, CT.

The median closed real estate sales price for single family homes in Danbury was $309,000.

On average, these homes sold for 98% of their most recent list price.

Days on Market averaged 186 days of market time.

This compares with 36 closed sales in September, 2008, with a median closed sales price of $315,000.

*** What is interesting to note is that of these 17% of these sales were either bank-owned foreclosure homes or pre-foreclosure short sales.

Condos:
There were 31 condominium sales closed in Danbury, CT.
The median closed sales price was $225,000.
On average, these homes sold for 96.6% of their most recent list price.

This compares with 36 closed sales in September, 2008, with a median closed sales price of $246,000.

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Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 290 single family homes for sale in Danbury, CT.
List Prices range from $107,500 for a bank-owned colonial to $2,100,000 for a large Candlewood Lake waterfront home with guest house.

Condos:
Currently, there are 235 condos available for sale in Danbury, CT.
List prices range from $60,000 - $739,000.

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
203.746.1199
Connecticut Real Estate and Homes for Sale

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

Danbury, Connecticut Real Estate Update
August, 2009

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 32 single family home sales closed in Danbury, CT.

The median closed real estate sales price for single family homes in Danbury was $307,500.

On average, these homes sold for 95.1% of their most recent list price.

Days on Market averaged 163 days of market time.

This compares with 29 closed sales in August, 2008, with a median closed sales price of $346,000.

*** What is interesting to note is that of these 16% of these sales were bank-owned foreclosure homes.

Condos:
There were 25 condominium sales closed in Danbury, CT.
The median closed sales price was $245,000.
On average, these homes sold for 93.7% of their most recent list price.

This compares with 25 closed sales in August, 2008, with a median closed sales price of $267,000.

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Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 290 single family homes for sale in Danbury, CT.
List Prices range from $107,500 for a bank-owned colonial to $2,100,000 for a large Candlewood Lake waterfront home with guest house.

Condos:
Currently, there are 235 condos available for sale in Danbury, CT.
List prices range from $60,000 - $739,000.

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
203.746.1199
Connecticut Real Estate and Homes for Sale

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

Following up to a post I wrote a few months ago, here is what is going on in high end Danbury condo & townhome market.

Currently available (per MLS 10/22/09)

Complex	Units For Sale	Average List Price	Average Days on Market	Av $ Per Square Foot
Arlington Woods	2	$317,450	46	$204
Barclay Commons	1	$274,900	136	$196
Briar Woods	0	-	-	-
Kensington Woods	1	$347,900	49	$202
Lake Place	3	$359,600	92	$216
Lexington Mews & Lexington Court	5	$408,760	114	$179
Sterling Woods	6	$388,816	97	$220
Stetson Place	2	$300,000	101	$173
Westwood Village	4	$234,075	63	$180
Woodland Hills	10	$405,889	113	$168
Average Across the Board:	34	$337,487.77	90.11	$193.11

Under deposit & under contract (pending) units

Complex	# of units	Average Price	Average Days on Market	Average $ Per Square Foot
Arlington Woods	1 (Under Deposit) 1 (Under Contract)	$315,000 (Under Deposit) $295,000 (Under Contract)	10 (Under Deposit) 99 (Under Contract)	$191 (Under Deposit) $179 (Under Contract)
Barclay Commons	0
Briar Woods	1 (Under Contract)	$399,900 (Under Contract)	68 (Under Contract)	$227 (Under Contract)
Kensington Woods	1 (Under Deposit) 2 (Under Contract)	$309,000 (Under Deposit) $327,500 (Under Contract)	149 (Under Deposit) 63 (Under Contract)	$233 (Under Deposit) $197 (Under Contract)
Lake Place	1 (Under Deposit) 3 (Under Contract)	$429,900 (Under Deposit) $401,300 (Under Contract)	175 (Under Deposit) 90 (Under Contract)	$223 (Under Deposit) $198 (Under Contract)
Lexington Mews & Lexington Court	1 (Under Contract)	$379,900 (Under Contract)	110 (Under Contract)	$186 (Under Contract)
Sterling Woods	1 (Under Deposit) 1 (Under Contract)	$315,000 (Under Deposit) $334,900 (Under Contract)	59 (Under Deposit) 39 (Under Contract)	$235 (Under Deposit) $194 (Under Contract)
Stetson Place	1 (Under Deposit)	$265,000 (Under Deposit)	31 (Under Deposit)	$207 (Under Deposit)
Westwood Village	1 (Under Deposit) 1 (Under Contract)	$293,900 (Under Deposit) $179,900 (Under Contract)	211 (Under Deposit) 142 )Under Contract)	$139 (Under Deposit) $137 (Under Contract)
Woodland Hills	1 (Under Deposit) 4 (Under Contract)	$379,900 (Under Deposit) $398,975 (Under Contract)	114 (Under Deposit) 187 (Under Contract)	$135 (Under Deposit) $163 (Under Contract)
Total:	21	$329,671 (Under Deposit) $339,662 (Under Contract)	107 (Under Deposit) 100 (Under Contract)	$194.71 (Under Deposit) $185.12 (Under Contract)

Sales From January 1- October 22,2009

Complex	# of Units Sold	Average Sales Price	Average % of Listing Price to Sales Price	Average Days on Market	Average Price Per Square Foot
Arlington Woods	7	$265,412	97.13 %	112	$196
Barclay Commons	2	$253,125	95.71%	92	$188
Briar Woods	3	$295,583	97.03%	80	$186
Kensington Woods	7	$300,928	95.63%	81	$212
Lake Place	3	$317,500	95.01%	124	$207
Lexington Mews & Lexington Court	4	$381,000	96.96%	80	$167
Sterling Woods	14	$337,685	95.08%	97	$197
Stetson Place	0
Westwood Village	12	$221,666	94.94%	102	$137
Woodland Hills	10	$391,150	93.67%	78	$147
Total across the board	62	$307,116.55	95.68%	94	$181.88

Read About Some of the Various Communities:

Arlington Woods is located in the Shelter Rock neighborhood of Danbury allowing for a great commute to both New York & Hartford. 99 units, designed elegantly for both casual and formal entertaining, built in 2004-2005 with the same award winning tradition that sold almost 500 homes in Sterling Woods & Kensington Woods. Read more about Arlington Woods!

Close to Candlewood Lake & the Danbury Hospital is Barclay Commons. With 160 traditionally designed homes, Barclay Commons amenities include a pool & playground. The Hayestown location is only minutes from exit 5 on I-84 and to downtown Danbury. The charming setup gives a 'New England Village' feel minutes from everywhere! Read more about Barclay Commons!

Briar Woods is the most recently completed luxury townhome community on the West Side of Danbury! This premier community of 80 quality built homes offer great access to major corporate centers, I-84, I-684, train stations and shopping. Many units to offer great hillside views. Read more about Briar Woods!

Kensington Woods is set on a 32 acre site close to Exit 2 on I-84,making it an ideal spot for commuting to Westchester County, New York City, Norwalk and lower Fairfield County. Originally marketed in 2001, Kensington Woods residents can enjoy an inground pool, clubhouse and playground. There are two different floor plans to choose from. Read more about Kensington Woods!

Set on the shores of Lake Kenosia is Lake Place. Composed of 195 homes, Lake Place amenities include a lakeside pool, swim & racquet club, tennis and paddle tennis courts and a private beach with gazebo & dock! Twelve stylish designs of homes with many create features to enjoy. Only minutes from Danbury Fair Mall & the New York State Line. Read more about Lake Place!

Lexington Mews is set in a private location off of Federal Road. With recreational opportunities including a heated pool, tennis court & playground, Lexington Mews feel more like a resort than a place to call home. 140 homes set up in several different models, including designs with a main level master suite and attached garages. Learn more about this exciting community!

Set on a hillside setting in the Stadley Rough neighborhood of Danbury, Shepherd Hill is a sought after community of 172 units. Standard features for units include air conditioning and in unit laundry hookups. 2 Minutes to Route 7, I-84 & shopping along Federal Road. Relax in the pool or go for a walk in the trails. Read more about Shepherd Hill!

Stetson Place is one of Danbury's newest luxury townhouse communities. Located in the Pembroke neighborhood, there are 70 contemporary designed homes set up in 5 different models. There is a community clubhouse with a recently opened fitness center & an inground heated pool. Low common charges & a ton of parking!

The 'Gold Standard' of luxury condominium living. Sterling Woods  offers 358 homes, ranging from 2 bedroom 1.5 bath townhouse style units with finished basement to 4 bedroom detached homes, in a resort like setting on over 100 acres. Living in Sterling Woods allows for access to everything Greater Danbury has to offer. This award winning community offers resident's access to a pool, clubhouse, exercise room, playground as well as walking trails. Read more about Sterling Woods!

Westwood Village is one of the original condominium complexes on the west side of Danbury. Close to the New York State Line and a stones throw to shopping & restaurants, Westwood Village remains to be a desired place by many to call home. With close to 300 homes to serve, the amenities include 2 pools, a playground, dog park, attractive landscaping and access to nearby public transportation. Read more about Westwood Village!

Woodland Hills is close to shopping on both Newtown & Federal Road yet also works well for commuting to lower Fairfield County & to points east and west. The community of 252 luxurious townhomes sits a lovely 65 acre site. The benefits of calling Woodland Hills home include a community center with full social, media & party facilities, clubhouse, swimming pool & tot lot, a fitness center, a half court indoor basketball court, tennis courts & walking trails.Read more about Woodland Hills!

You can also see luxury townhomes on a map!

For more detailed information on what is for sale & for information on particular units, click here to search.

First Time Homebuyer Tax Credit

Time is running out 40 days, 1 hour, 21 minutes, 27 seconds (as of 10/21/2009-11.42pm) First time homebuyers can claim a tax credit worth $8,000 as part of the Economic Stimulus Package. The credit is effective as of January 1, 2009 and will expire December 1, 2009. You must close and move into your new home by midnight, November 30, 2009. First Time Homebuyer Tax Credit Information From the IRS From the National Association of Home Builders From Connecticut Home Mortgage Amount of Credit Ten percent of the value of home or $8,000, whichever is less. Refundable No "repayment" required, unless home is sold within the first three years. Eligible Property Any owner occupied, single-family residence (including condos, co-ops) that will be used as a principal residence. Definition of First Time Homebuyer A buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse Income Limit Full credit is available for individuals with modified adjusted gross of no more than $75,000 ($150,000 on a joint return). Partial credit is available for certain modified adjusted gross incomes. Termination December 1, 2009

Address	Complex	Beds & Baths	Square Feet	Price
3 Rivington Way	Rivington	3 beds, 3.5 baths	3,605	$699,900
5 Rivington Way	Rivington	3 beds, 3.5 baths	2,906	$675,000
16 Hayestown Ave #3406	Poet’s Landing	2 beds, 2.5 baths	2,065	$650,000
48 Faith Lane	Woodland Hills	3 beds, 2.5 baths	2,716	$399,000
2101 Briar Woods	Briar Woods	2 beds, 2.5 baths	1,757	$399,000
98 Woodcrest Ln	Woodland Hills	3 beds, 2.5 baths	2,316	$398,000
31 Lawrence Ave #2002	Timber Oaks	3 beds, 2.5 baths	2,248	$384,900
131 Lake Place South	Lake Place	3 beds, 2.5 baths	2,078	$369,900
34 Lawrence Ave #2107	Timber Oaks	3 beds, 2.5 baths	2,595	$364,900
38 Lawrence Ave #2103	Timber Oaks	3 beds, 2.5 baths	2,436	$359,900
27 Maura Ln	Woodland Hills	3 beds, 2.5 baths	1883	$349,900
118 Lake Place South	Lake Place	2 beds, 2 baths	1,420	$345,000
1403 Pinnacle Way	Sterling Woods	2 beds, 2.5 baths	1,724	$334,900
1601 Bradford Dr	Sterling Woods	2 beds, 2.5 baths	1,724	$334,900
2001 Larson Dr	Kensington Woods	2 beds, 2.5 baths	1,719	$330,000
109 Park Ave #5	Park Ave Commons	3 beds, 2.5 baths	2,000	$325,000
2006 Larson Dr	Kensington Woods	2 beds, 2.5 baths	1,719	$325,000
29 Lawrence Ave #2004	Timber Oaks	2 beds, 2.5 baths	1,901	$318,990
109 Park Ave #4	Park Ave Commons	2 beds, 2.5 baths	2,000	$315,000
109 Park Ave #3	Park Ave Commons	2 beds, 2.5 bath	2,000	$300,000
2 Lawrence Ave #1702	Timber Oaks	2 beds, 2.5 baths	1,900	$299,990
3 Lawrence Ave #1703	Timber Oaks	2 beds, 2.5 baths	1,900	$299,990
6 Sheridan St #301	Sheridan Commons	2 beds, 2.5 baths	1,680	$299,900
32 Crows Nest Ln #15	The Knolls	2 beds, 2.5 baths	1,805	$299,000
505 Sienna Dr	Arlington Woods	2 beds, 2.5 baths	1,642	$295,000
22 Benedict Ave #C	Pine Terrace	3 beds, 2.5 baths	1,610	$284,900
55 Mill Plain Rd #4-3	Westwood Village	2 beds, 1.5 baths	1,944	$274,900
32 Oil Mill Rd # 11	River Woods	2 beds, 1.5 baths	1,232	$237,500
81 Park Ave # 904	Village Square	3 beds, 2.5 baths	1,385	$226,000
12 Bergh St # 1	Bergh Street	2 beds, 1.5 baths	1,096	$209,900
157 Shelter Rock Rd #52	Autumn Ridge	2 beds, 1.5 baths	1,142	$209,000
7 Dean St #203	Gaslight Village	3 beds, 2.5 baths	2,080	$198,500
55 Oil Mill Rd #31	Oil Mill	1 bed, 1.5 baths	1,263	$189,900
2A Jeanette St #47	Park Brook	2 beds, 1 baths	942	$189,900
95 Park Ave # 28	Park Manor	2 beds, 1.5 baths	1,372	$179,900
93 Park Ave #1201	Village Square	2 beds, 1.5 baths	1,160	$179,518
9 Farview Ave #2	Farview Gardens	2 beds, 1.5 baths	1,144	$156,702
55 Cross St #D1	Riverbank	1 bed, 1 bath	600	$155,000
20 Oakland Ave  #10C	Oakland Glen	2 beds, 1.5 baths	1,102	$152,900
136 Deer Hill Ave #103	Deer Hill Arms	1 bed, 1 bath	825	$138,000
81 Coalpit Hill Rd #J	Overlook Court	2 bed, 1 bath	1,019	$125,000
37 FairviewDr #4	Fairview Common	2 bed, 1 bath	910	$105,000

 

Source: Greater Fairfield County MLS,  10/12/09