MARKET REPORT - DANBURY CT - AUNT HACK HOMES SOLD AND ON MARKET

The western side of the Aunt Hack area of Danbury enjoyed rigorous real estate activity in 2011. Eight properties in this premier section of town were sold during the year; three were rented, seven are currently on the market; one is under deposit and three are available for rent.

HOMES SOLD:

10 Ironwood Dr $420,000 April 21, 2011

12 Ralto Ct $424,500 April 15,2011

22 Tiffany Dr $445,000 June 30, 2011

1A Maplecrest Dr $480,000 May 17,2011

19 Ironwood Dr $512,000 July 26,2011

4 Maplewood Drive $610,000 March 4, 2011

6 Catalpa Dr $630,000 December 29, 2011

26 Tanglewood Dr $640,000 February 1, 2011

RENTED:

5 Catalpa Dr @ $2.600/moMarch 1, 2011

104 Joes Hill Rd @ $2,600/moMarch 1, 2011

18 Maplewood Dr @ $2,999/moAugust 17, 2011

UNDER DEPOSIT:

18 Ironwood Drive Listed at $600,000

ON THE MARKET:

10 Timber Crest Dr @ $449,000

11 Autumn Ridge @ $469,000

9 Ironwood Dr @ $505,000

12 Tiffany Dr @ $519,000

130 Aunt Hack Rd @ $599,900

13 Maplewood Dr @ $649,000

24 Maplewood Dr @ $729,000

AVAILABLE AS RENTALS:

44 Aunt Hack Rd @ $2,100/month

23 Joes Hill Rd @ $2,250/month

20 Ironwood Dr @ $3,500/month

The tone of the overall real estate market in our area is good, as evidenced by activity in the Aunt Hack section of Danbury. The powerful year of the Dragon is beginning to show its strength,

THE MARKET IS COMING BACK! National employment numbers are improving, they are better than we have seen in the last three years; current unemployment rate is down to 8.3%, inventories of homes are lower, prices are lower and mortgage interest rates remain extremely favorable. There appears to be pent-up demand among home buyers. It’s a good time to have your home on the market!