Danbury, Connecticut Real Estate Update
June, 2009

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were37 single family home sales closed in Danbury, CT.

The median closed real estate sales price for single family homes in Danbury was $315,000. 

On average, these homes sold for 95.4% of their most recent list price.

Days on Market averaged 179 days of market time. 

This compares with 36 closed sales in June, 2008, with a median closed sales price of $345,000.

***  What is interesting to note is that 27% of these sales were either bank-owned foreclosure homes or short sales - more than 1/4 of all sales in Danbury were distressed sales. 

Condos:
There were 25 condominium sales closed in Danbury, CT.
The median closed sales price was $255,900.
On average, these homes sold for 94.9% of their most recent list price.

This compares with 36 closed sales in June, 2008, with a median closed sales price of $274,625.

Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 271 single family homes for sale in Danbury, CT.
List Prices range from $89,900 for a small bank-owned home to $2,290,000 for a large Candlewood Lake waterfront home with guest house.

Condos:
Currently, there are 220 condos available for sale in Danbury, CT.
List prices range from $60,000 - $739,000.

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
Connecticut Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate