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Bethel, CT Real Estate Update - Homes Sold in January

The inventory of single family homes available for sale in Bethel, Connecticut at the beginning of February increased from 89 to 94 from the previous month, consistent with a general post-holiday winter trend. The list prices ranged from $146K to $899K and the average market time of those homes was a reported 143 days. That market time may not reflect the true time homes have been on the market as sometimes listings expire or are cancelled, at which time the count starts from the beginning, giving a misleading picture.
Of the homes available on the market in Bethel, 8 were on deposit, at an average list price of $336K and average market time of 153 days. In addition, 7 homes were in contract at an average list price of $328K and average market time of 290 days.
In the month of January, 6 homes sold in Bethel for an average list price of
$299K, average market time of 124 days and average discount of 6.3%.
Below is a detailed list of the homes sold in Bethel, CT in January 2012:
|
No |
Street Name |
|
Br's |
Full Baths |
Half Baths |
Sale Price |
Market Time |
|
60 |
WALNUT HILL |
RD |
3 |
2 |
0 |
$242,000 |
49 |
|
8 |
TERRACE |
DR |
3 |
1 |
1 |
$248,000 |
54 |
|
8 |
OXFORD |
ST |
3 |
1 |
1 |
$250,000 |
122 |
|
2 |
EDMOND |
RD |
3 |
2 |
0 |
$255,000 |
20 |
|
6 |
RIDGEDALE |
RD |
4 |
2 |
0 |
$337,500 |
96 |
|
6 |
BIRNAM WOOD |
RD |
4 |
2 |
1 |
$461,000 |
402 |
|
|
|
|
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The numbers and real estate trends as seen in recent months in Bethel, Connecticut are similar to those in the surrounding Candlewood Lake area - the lower end homes tend to sell more briskly, higher end homes are available and are selling, albeit at a somewhat slower pace.
The tone of the overall real estate market in our area is good for 2012, after all it’s the year of the powerful Dragon! The feeling is that the market is coming back! Employment numbers are improving (we are down to 8.3% nationally), inventories are lower, prices are lower and mortgage interest rates remain extremely favorable; there appears to be pent up demand among buyers. 
For more information regarding available homes and other market information regarding the Candlewood Lake region and surrounding areas in Connecticut, visit www.candlewoodgreenbroker.com. Happy browsing!
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Closed home sales in Bethel, Connecticut:
There were 9 home sales closed in Bethel, CT.
The median closed sales price in Bethel was $325,000.
On average, these homes sold for 93% of their final list price.
Marketing time averaged 329 days on market. (This is an exceptionally low average marketing time for Bethel)
NOTE: 33% of these sales were bank-owned foreclosure properties or short sales.
This compares with 9 closed sales in this month one year ago, with a median sales price of $374,000.

Currently available homes for sale in Bethel, Connecticut:
Currently, there are 86 homes for sale in Bethel, CT.
List Prices range from $145,860 for a small bank-owned home to $899,000 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 Broker
203.947-1107
Connecticut Real Estate and Homes for Sale
Data compiled from the Greater Fairfield County MLS and believed to be accurate.
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SOLD (January 2012) - This luxury "Pentwater" townhome features an abundant 2,059 sq.ft. of gracious living complete with 3 spacious bedrooms, 2.5 baths, 2 car attached garage, formal dining room, fireplace, granite countertops, crown molding & full basement.
* Open & entertaining floor plan
* Bright & spacious kitchen w/center island
* Granite countertops in kitchen & baths
* Stainless steel appliances
* Exquisite moldings & trim work
* Beautiful hardwoods
* Entertaining deck
Resort style amentities including in-ground pool, fitness center, tennis court and walking trails.
Minutes from downtown Bethel, train station, great restaurants and boutique shops. More Photos, click here.![]()
Select from quick delivery models, or reserve your lot and pick from 8 other floor plans. Call 203-733-1613 or email lisaandyou@gmail.com.


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10 Briar Ridge "The Summit at Bethel" Sold by Lisa Brown, Realtor at REMAX Unlimited Real Estate. Fairfield County Realtor servicing Danbury, Bethel, Brookfield, Newtown, New Milford, New Fairfield, Monroe, Trumbull, Redding, Ridgefield, Sherman, Southbury. lisaandyou@gmail.com
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Closed home sales in Bethel, Connecticut:
There were 4 home sales closed in Bethel, CT.
The median closed sales price in Bethel was $233,000.
On average, these homes sold for 97% of their final list price.
Marketing time averaged 98 days on market. (This is an exceptionally low average marketing time for Bethel)
This compares with 6 closed sales in this month one year ago, with a median sales price of $301,500.

Currently available homes for sale in Bethel, Connecticut:
Currently, there are 124 homes for sale in Bethel, CT.
List Prices range from $151,000 for a short sale fixer home to $949,000 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 Broker
203.947-1107
Connecticut Real Estate and Homes for Sale
Data compiled from the Greater Fairfield County MLS and believed to be accurate.
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Bethel, Ct Market Update As Of 3/31/11 Actual Market Time for Bethel Home Sales with Yearly Comparisons Published "Average Market Time" statistics in fact virtually never reflect the actual time that it's been taking for homes to sell, because such figures you see elsewhere only consider the Market Time of the final home listing which ended in a sale, and they ignore any prior cancelled and expired listings on those same properties. As this report clearly demonstrates, it's not uncommon for a specific property to experience two or more listings before it does eventually sell. The Market Times portrayed here do contemplate all successive listing attempts leading up to a successful home sale, and are thus the Actual Market Time Averages for Single Family home sales in Bethel. Created by: Doug Holaday
Year: 3 mos. 2011 2010 2009 2008 2007 2006
#Homes that Sold in its 1st Listing : 11 (52%) 72 (61%) 80 (64%) 68 (59%) 83 (63%) 106 (69%) 130 (71%) #Homes that Sold in its 2nd Listing : 7 (33%) 21 (18%) 21 (17%) 22 (19%) 30 (23%) 29 (19%) 40 (22%) #Homes that Sold in its 3rd Listing : 2 (10) 16 (14%) 12 (10%) 13 (11%) 11 (8%) 9 (6%) 7 (4%) #Homes that Sold after 4-7 Listings : 1 (8%) 8 (7%) 12 (10%) 12 (10%) 7 (5%) 10 (6%) 6 (3%)
Total # Homes Sold: 21 117 125 115 131 154 183
Actual Avg. Days-on-Market: 263 days 224 201 213 151 141 103
#Sales Jan.-Mar. YTD Comparison : 21 19 19 20 31 35 30
"Avg. Days-on-Mkt." per MLS: 133 116 104 109 82 82 66
The numbers show that the market time is increasing while the number of sales is decreasing.
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