Jonathan Hall Danbury,CT Real Estate~203-417-0523

Currently available (per MLS 4/20/09)

Complex	Units For Sale	Average List Price	Average Days on Market	Av $ Per Square Foot
Arlington Woods	6	$289,117	87	$199
Barclay Commons	3	$273,633	23	$195
Briar Woods	1	$315,000	68	$209
Kensington Woods	1	$344,900	48	$200
Lake Place	2	$396,118	19	$227
Lexington Mews & Lexington Court	7	$412,886	51	$182
Sterling Woods	5	$343,560	26	$197
Stetson Place	2	$294,900	100	$215
Westwood Village	10	$264,010	71	$159
Woodland Hills	12	$404,558	92	$160
Average Across the Board:	49	$333,868.20	58.5	$194.30

 

Under deposit & under contract (pending) units

Complex	# of units	Average Price	Average Days on Market	Average $ Per Square Foot
Arlington Woods	0
Barclay Commons	0
Briar Woods	0
Kensington Woods	2	$319,450	142	$225(Under Deposit) $197 (Under Contract)
Lake Place	1	$339,000	69	$214 (Under Contract)
Lexington Mews & Lexington Court	0
Sterling Woods	5	$359,720	88	$178 (Under Deposit) $206 (Under Contract)
Stetson Place	0
Westwood Village	0
Woodland Hills	2	$411,500	58	$144 (Under Deposit) $193 (Under Contract)
Total:	10	$357,417.50	89.25	$182.33 (Under Deposit) $202.50 (Under Contract)

 

Sales From January 1- April 20,2009:

 

Complex	# of Units Sold	Average Sales Price	Average % of Listing Price to Sales Price	Average Days on Market	Average Price Per Square Foot
Arlington Woods	1	$260,000	95.94%	164	$192
Barclay Commons	0
Briar Woods	2	$290,875	97.15%	60	$178
Kensington Woods	3	$292,000	96.91%	34	$203
Lake Place	1	$320,000	94.39%	203	$217
Lexington Mews & Lexington Court	1	$400,000	96.41%	53	$189
Sterling Woods	1	$325,000	97.33%	100	$242
Stetson Place	0
Westwood Village	5	$214,000	94.54%	114	$127
Woodland Hills	3	$387,500	90.47%	39	$147
Total across the board	17	$311,171.88	95.39%	95.88	$186.88

Read About Some of the various Communities:

Arlington Woods is located in the Shelter Rock neighborhood of Danbury allowing for a great commute to both New York & Hartford. 99 units, designed elegantly for both casual and formal entertaining, built in 2004/2005 with the same award winning tradition that sold almost 500 homes in Sterling Woods & Kensington Woods. Read more about Arlington Woods!

Close to Candlewood Lake & the Danbury Hospital is Barclay Commons. With 160 traditionally designed homes, Barclay Commons amenities include a pool & playground. The Hayestown location is only minutes from exit 5 on I-84 and to downtown Danbury. The charming setup gives a 'New England Village' feel minutes from everywhere! Read more about Barclay Commons!

Briar Woods is the most recently completed luxury townhome community on the West Side of Danbury! This premier community of 80 quality built homes offer great access to major corporate centers, I-84, I-684, train stations and shopping. Many units to offer great hillside views. Read more about Briar Woods!

Kensington Woods is set on a 32 acre site close to Exit 2 on I-84,making it an ideal spot for commuting to Westchester County, New York City, Norwalk and lower Fairfield County. Originally marketed in 2001, Kensington Woods residents can enjoy an inground pool, clubhouse and playground. There are two different floor plans to choose from. Read more about Kensington Woods!

Set on the shores of Lake Kenosia is Lake Place. Composed of 195 homes, Lake Place amenities include a lakeside pool, swim & racquet club, tennis and paddle tennis courts and a private beach with gazebo & dock! Twelve stylish designs of homes with many create features to enjoy. Only minutes from Danbury Fair Mall & the New York State Line. Read more about Lake Place!

Lexington Mews is set in a private location off of Federal Road. With recreational opportunities including a heated pool, tennis court & playground, Lexington Mews feel more like a resort than a place to call home. 140 homes set up in several different models, including designs with a main level master suite and attached garages.

Set on a hillside setting in the Stadley Rough neighborhood of Danbury, Shepherd Hill is a sought after community of 172 units. Standard features for units include air conditioning and in unit laundry hookups. 2 Minutes to Route 7, I-84 & shopping along Federal Road. Relax in the pool or go for a walk in the trails. Read more about Shepherd Hill!

Stetson Place is one of Danbury's newest luxury townhouse communities. Located in the Pembroke neighborhood, there are 70 contemporary designed homes set up in 5 different models. There is a community clubhouse with a recently opened fitness center & an inground heated pool. Low common charges & a ton of parking!

The 'Gold Standard' of luxury condominium living. Sterling Woods II offers 358 homes, ranging from 2 bedroom 1.5 bath townhouse style units with finished basement to 4 bedroom detached homes, in a resort like setting on over 100 acres. Living in Sterling Woods allows for access to everything Greater Danbury has to offer. This award winning community offers resident's access to a pool, clubhouse, exercise room, playground as well as walking trails. Read more about Sterling Woods!

Westwood Village is one of the original condominium complexes on the west side of Danbury. Close to the New York State Line and a stones throw to shopping & restaurants, Westwood Village remains to be a desired place by many to call home. With close to 300 homes to serve, the amenities include 2 pools, a playground, dog park, attractive landscaping and access to nearby public transportation. Read more about Westwood Village!

Woodland Hills is close to shopping on both Newtown & Federal Road yet also works well for commuting to lower Fairfield County & to points east and west. The community of 252 luxurious townhomes sits a lovely 65 acre site. The benefits of calling Woodland Hills home include a community center with full social, media & party facilities, clubhouse, swimming pool & tot lot, a fitness center, a half court indoor basketball court, tennis courts & walking trails.Read more about Woodland Hills!

You can also see luxury townhomes on a map!

For more detailed information on what is for sale & for information on particular units, click here to search.

Pricing your home to sell is the most important factor to determine whether your home will sell or not. At the correct price, buyers can look past certain defects in your home,size, location or lot. There are several things that you need to look at when determining the price of your home:

• Recent sales of homes in your neighborhood or similar neighborhoods in recent months. It doesn't matter what your neighborhood got a couple of years ago, because the market is different now. Sales should go back about 6 months.
• The sales on the homes in your neighborhood or similar neighborhoods should be about the same size and condition of your home. There will be some adjustments made based on the size, condition, location in the neighborhood and lot compared your home.
• One should also look at the listings of houses that failed to sell after being on the market for some time. The biggest reason why they didn't sell was the price. You need to offer a better value or package than what the houses that didn't sell had.
• One thing that I look to in pricing homes is by looking at similar homes that are currently on the market. Buyers will often look at different homes in the same neighborhood to see what property best suites their needs and budget. In today's real estate market, you do need to be the best value.
• The only real thing that you can control in the real estate market is your home. You do control the condition of your house. A thing to keep in mind is that you might not get all of the money back which you put toward improvements. If your property has some things that might deter buyers, such as deferred maintenance, a strange floor plan, steep driveway or any other thing might be seen as a negative, your home prices should reflect that.

It doesn't matter that your neighbors house is listed $ more than yours. It's been on the market for a very long time. I'm trying to sell YOUR HOME, it doesn't matter what they are doing.

Request a free home value evaluation.

After looking at that information, I do come up from a price range of what your home is worth.It is ultimately your decision on where in the price range you would like to list at, based on your goals & time frame.

One thing that surpises people from outside of the Danbury area is that we are do not have large subdivisions of 75-500 + single family homes. One reason of we why don't have those large communities is that there is not much large parcels on land to built on. Typically new devolpments in the area are about 2 dozen homes, but sometimes builders just buy vacant lots in established neighborhoods and put up some newer homes. Towns also limit the number of homes that can be built on land because of the impact the new homes will have on the school systems. The towns in the Greater Danbury area also like to have some of the land preserved as open space. More often that not, most homes are on about 1 acre( depending on zoning), which will limit the number that were built, under construction or proposed. Almost all properties do require septic & wells. One final thing about new construction is that most of the new construction communities in the Danbury area do not offer amenties, other than townhome communites.

New and newly construction communities include:

Ridgebury Hills (Danbury),Brookfield Crossing (Brookfield),Spring Ridge (Danbury),Tobin's Court (Danbury),Rock Ridge (New Fairfield),Red Fox Crossing (New Fairfield),Tilson Woods (Newtown),White Oak Estates (Danbury),Fieldstone Estates (Danbury), Fieldstone Estates (New Milford) and Whispering Glen (Brookfield),

In addition to seeing if buyers are approved for financing, they want to make sure your condominium or townhome community is in good standing. There is a big form that they want completed by the property management company. The information that banks want include:

• Are all of the common elements and/or amenties complete?
• Is the project subject to additional phases?
• Is the project a conversion of a previous building?
• When was the community turned over to the HOA from the builder?
• Number of total units & # of units rented out
• Does any person or entity own more than 1?
• # of units delinquent by 30 days?
• Any special assessments for the community, involvement in litigation, or any adverse environmental things affecting the project or certain units?
• Amount of money in reserves, income budgeted for the current year & amount going toward reserves
• If the unit taken over by a foreclosure or deed in lieu, is the mortgagee responsible for delinquent HOA fees?
• Coverage on insurance (liablity, fidelity bond, is the community in a flood zone)

Moving Up In a Down Market

If you bought your home several years ago and decide that you want to move, this is a good opportunity to make a move up. You might not get as much money for your current home, but you will make it up on the buying end.

Example:

Your home was once with $350,000

• $350,000 (peak price)
• -52,500 ( down 15 % from peak)
• $297,500 (current price)

The home that you wanted to move up to was listed at $750,000

• $750,000
• -112,500 (down 15% from peak)
• $637,500 (current price)

$112,500 savings on the purchase of their new

$52,500 loss of their old home

$60,000 GAINED!

You can afford to sell move up in the correct market if you price home accordingly to recent years!