Contrary to the national media, there are plenty of ‘normal sellers’, which are not short sales or foreclosures, in the Danbury and Candlewood lake.
Here are current stats for homes on the market
Town | Single Family | Condo | Multifamily |
Danbury | 31/315 (9.8%) | 46/262 (17.5%) | 8/48 (16.6%) |
Brookfield | 11/123 (8.9%) | 4/38 (10.5%) | 0 /1 |
Bethel | 12/111 (10.8%) | 2/22 (9.1%) | 1/6 (16.6%) |
New Fairfield | 21/135 (15.5%) | 0/4 | 0/2 |
New Milford | 26/268 (9.7%) | 6/78 (7.7%) | 1/13 (7.6%) |
Newtown | 23/240 (9.6%) | 1/12 (8.3%) | 0/1 |
.Information per CMLS 4/27/2011
Across the board, only about 9.5% of properties in the Danbury area are distress sales. This means there are some opportunities for investors, yet most buyers will be working with ‘regular’ home owners. Seller also need to keep in mind that their home may be competing against sellers that ‘have to sell’.
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