About Danbury's Great Plain

The Shadow Inventory: How will it affect the Danbury, Ct. Market

The Shadow Inventory: How will it affect the Danbury, Ct. Market

There is a hidden demon out there that can have a drastic effect on the market as we know it. This demon is something called The Shadow Inventory. You may be wondering what it is and how will it affect the Real Estate Market in Danbury.

The shadow inventory is made up a four basic types of properties. These types are pre-foreclosure, bank owned properties, auction properties and government owned properties. These properties are not on the market currently but are likely to come on the market in the Spring. Currently there are238 properties in the shadow inventory in Danbury. These properties fall into the category of distressed properties and they will usually come onto the market at below market prices. As with any type of commodity when there is a larger supply the price tends to go down. Of course, the Spring is when alot of sellers THINK that it is the very best time to put their houses on the market. In addition, we haven't even mentioned that there is also a supply of homes set to hit the market in the shadow inventories of Brookfield, Bethel, Newtown etc.....

I have been talking to numerous sellers recently who have told me that they want "to wait until spring to list their home' as the market is "always better then". I have to beg to differ on the point. Let's list the reasons why now is the BETTER TIME TO LIST YOUR Danbury, CT. HOME FOR SALE NOW RATHER THAN THE SPRING.

1. INTEREST RATES ARE AT RECORD LOWS--

2. THE SHADOW INVENTORY HAS NOT HIT YET

3. THE SUPPLY OF HOMES FOR SALE IN THE WINTER TENDS TO BE THE LOWEST SO LESS COMPETITION

4. THE BUYERS WHO LOOK DURING THE HOLIDAYS OR DURING THE WINTER TEND TO BE SERIOUS

5. MOST HOMES LOOK BETTER WHEN DECORATED FOR THE HOLIDAYS

6. SOME BUYERS NEED TO BUY BEFORE THE END OF THE YEAR

Great Plain, Danbury CT

See Homes For Sale in Great Plain

The Great Plain area almost completely exists of exclusively single family homes built in the 1950s to the 1970s, with some newer & new construction sprinkled around. Along the western side of the area & north central area, there are some lake & beach communities along Candlewood Lake including Pleasant Acres, Aqua Vista & Snug Harbor. You will typically find homes on small quiet streets with level lots generally ranging from .25 to 1 acre. The Taylor Farm is also located here, which the city recently purchased the development rights for. In addition, there are also some older homes found along Great Plain Road.