New Milford, Connecticut Real Estate Update
July, 2007
Closed home sales in New Milford, Connecticut:
Single Family Homes:
There were 26 single family home sales closed in New Milford, CT.
List Prices ranged from $249,900 - $709,900.
Closed Sales Prices ranged from $255,000 - $709,900.
The average closed real estate sales price for single family homes in New Milford was $422,165.
The median closed sales price was $417,450.
On average, these homes sold for 96% of their final list price.
Days on Market ranged from 41 - 697 days, with the average being 194 days of market time.
This compares to 381single family homes closed in July, 2006, with an average closed sales price of $295,740 and a median closed sales price of $375,000.
Condos:
There were 6 condominium sales closed in New Milford, CT.
Closed Sales Prices ranged from $135,000 - $225,000.
The average closed real estate sales price for condos in New Milford was $181,379.
The median closed sales price was $189,187.
On average, these homes sold for 97.4% of their list price.
Days on Market ranged from 46 - 184 days, with the average being 93 days of market time.
This compares to 10 condos closed in July, 2006, with an average closed sales price of $171,500 and a median closed sales price of $173,000.
Currently available homes for sale in New Milford, Connecticut:
Single Family Homes:
Currently, there are 284 single family homes for sale in New Milford, CT.
List Prices range from $179,900 for a one-bedroom 1800's colonial to $2,850,000 for a 20 acre estate with an 8,000 square foot main home and four additional detached residences.
Condos:
Currently, there are 84 condos available for sale in New Milford, CT.
List prices range from $84,900 for a 1-bedroom unit to $543,700 for a detached unit in an active-adult community.
New Milford, Connecticut, is the southernmost town in Litchfield County and is known as The Gateway to Litchfield County. The town borders the northeastern shores of Candlewood Lake. Several lake communities surround its Candlewood Lake shores, and typically offer a private beach for residents, boat docks and other amenities. New Milford enjoys a population of about 28,000 residents.
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.
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