Since Danbury is the largest city in Northern Fairfield County, there are plenty of opportunities for buyers looking some several different types of properties ranging from waterfront homes on Candlewood Lake to multifamily homes. This article is going to discuss the current condo and town homes market in Danbury. Condos are good an attractive option for first time homeowners since they are generally more affordable than single family homes of similar square footage. They are also a good option for individuals that don't like to garden and do other exterior maintenance, since some of the monthly homeowner's association does take care of that.
Here is a quick snapspot of what the current condo market is like in Danbury (per CMLS 3/27/08). Of the 265 units that are currently active in Danbury
$200,000 and under: 57 units (including 9 under deposit). Average market time is 93 days.In addition, there are 8 units which are pending.
$200,000-$250,000: 59 units (including 10 under deposit). Average market time is 74 days. In addition, there are 5 units which are pending.
$250,000-$300,000: 41 units (including 5 under deposit). Average market time is 57 days. In addition, there are 3 units which are pending.
$300,000-$350,000: 33 units (including 6 under deposit). Average market time is 99 days. In addition, there are 3 units that are pending.
$350,000-$400,000: 29 units (including 2 under deposit). Average market time is 96 days. In addition, there are 5 units that are pending.
$400,000-$450,000: 11 units (including 1 under deposit). Average market time is 73 days. There are currently no units that are pending.
$450,000-$500,000: 22 units (including 0 under deposit). Average market time is 151 days. In addition, there are 2 units that are pending.
$500,000-$550,000: 5 units (including 0 under deposit). Average market time is 175 days. There are currently no units that are pending.
$550,000 and higher: 11 units (including 0 under deposit). Average market time is 179 days. There are currently no units that are pending.
Search for affordable and luxury condos and townhomes in Danbury using listing book.
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Specializing in Greater Danbury and Candlewood Lake. From condos to waterfront properties and rentals to single family homes, I focus on my clients individual needs to help results that they want.
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Great Post, Thanks for the information. Keep up the great blogs. Very interesting. I enjoyed reading your blog.
Jerry,
Thanks for the comment. How's the market down in Orlando?