Danbury, Connecticut Real Estate Update
May, 2007

Closed home sales in Danbury, Connecticut:

Single Family Homes:
In May, 2007, there were 33 single family home sales closed in Danbury, CT.
List Prices ranged from $202,900 - $1,370,000.
Closed Sales Prices ranged from $202,000 - $1,413,360.

The average closed real estate sales price for single family homes in Danbury was $487,927. 
The median closed real estate sales price was $435,000.
On average, these homes sold for 97.9% of their most recent list price.
Days on Market ranged from 16 - 788 days, with the average being 147 days of market time.  Interestingly, most homes that sat on the market for a year or more sold for $100,000 or more less than their original list price.  Proper initial pricing is so important. 

This compares with 46 closed sales in May, 2006, with an average closed sales price of $398.530 and a median closed sales price of $369,000.

Condos:
In May, 2007, there were 47 condominium sales closed in Danbury, CT.
List Prices ranged from $115,000 - $599,000.
Closed Sales Prices ranged from $110,000 - $599,000.

The average closed real estate sales price for condos in Danbury for the month of April was $291,166.
The median closed sales price was $270,000.
On average, these homes sold for 98% of their most recent list price.
Days on Market ranged from 15 - 290 days, with the average being 89 days of market time.

This compares with 61 closed sales in May, 2006, with an average closed sales price of $301,297 and a median closed sales price of $280,000.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 333 single family homes for sale in Danbury, CT.
List Prices range from $89,000 for a summer-only as-is cottage in a lake community to $3,975,000 for a renovated 1920's farmhouse on 55 acres.

Condos:
Currently, there are 319 condos available for sale in Danbury, CT.
List prices range from $79,000 - $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
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

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