Danbury, CT - April, 2011 Real Estate Market Report

Danbury, Connecticut Real Estate Update
April, 2011

Closed home sales in Danbury, Connecticut:

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

The median closed real estate sales price for single family homes in Danbury was $240,000.

On average, these homes sold for 95% of their most recent list price.

Days on Market averaged 210 days of market time.

This compares with 28 closed sales this month last year, with a median closed sales price of $285,000.

*** NOTE: 21% of these sales were either short sales or bank-owned foreclosure sales.

Condos:
There were 18 condominium sales closed in Danbury, CT.
The median closed sales price was $195,000.
On average, these homes sold for 94% of their most recent list price.

This compares with 29 closed sales this month last year, with a median closed sales price of $225,000.

*** NOTE: 39% of these sales were either short sales or bank-owned foreclosure sales.

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Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 202 single family homes for sale in Danbury, CT.
List Prices range from $79,000 for a bank-owned fixer to $1,895,000 for a large Candlewood Lake waterfront home.

Condos:
Currently, there are 174 condos available for sale in Danbury, CT.
List prices range from $59,900 - $429,000.

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
Real Estate Broker
203.947-1107
Connecticut Real Estate and Homes for Sale

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