Danbury, CT - April, 2007 Real Estate Market Report

Danbury, Connecticut Real Estate Update
April, 2007

Closed home sales in Danbury, Connecticut:

Single Family Homes:
In April of 2007, there were 36 single family home sales closed in Danbury, CT.
List Prices ranged from $220,000 - $1,149,000.
Closed Sales Prices ranged from $198,000 - $1,070,000.

The average closed real estate sales price for single family homes in Danbury for the month of April was $447,883.  The median closed real estate sales price was $385,000.
On average, these homes sold for 96.5% of their most recent list price.
Days on Market ranged from 6 - 348 days, with the average being 144 days of market time. 

This compares with 33 closed sales in April, 2006, with an average closed sales price of $376,781 and a median closed sales price of $370,000.

Condos:
In April of 2007, there were 38 condominium sales closed in Danbury, CT.
List Prices ranged from $109,900 - $450,000.
Closed Sales Prices ranged from $105,000 - $440,000.

The average closed real estate sales price for condos in Danbury for the month of April was $244,042.
The median closed sales price was $249,000.
On average, these homes sold for 97% of their most recent list price.
Days on Market ranged from 4 - 350 days, with the average being 97 days of market time.

This compares with 44 closed sales in April, 2006, with an average closed sales price of $277,839 and a median closed sales price of $258,900.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 344 single family homes for sale in Danbury, CT.
List Prices range from $214,900 for a small ranch to $3,975,000 for a renovated 1920's farmhouse on 55 acres.

Condos:
Currently, there are 307 condos available for sale in Danbury, CT.
List prices range from $87,900 - $850,000.

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 and Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Consolidated MLS and believed to be accurate.