Danbury, CT January 2007 Market Report

Danbury, Connecticut Real Estate Update
January 2007

Closed home sales in Danbury, Connecticut:

Single Family Homes:
In January of 2007, there were 25 single family home sales closed in Danbury, CT.
List Prices ranged from $160,000 - $725,000.
Closed Sales Prices ranged from $128,000 - $715,000.

The average closed real estate sales price for single family homes in Danbury for the month of January was $375,000.
On average, these homes sold for 96% of their list price.
Days on Market ranged from 36 - 460 days, with the average being 153 days of market time.

However, homes that were priced correctly for the market sold for 97% - 100% of their list price.

This compares with 30 closed sales in January, 2006, with an average sales price of $393,000.

Condos:
In January of 2007, there were 30 condominium sales closed in Danbury, CT.
List Prices ranged from $110,000 - $497,000.
Closed Sales Prices ranged from $110,000 - $484,000.

The average closed real estate sales price for condos in Danbury for the month of January was $264,000.
On average, these homes sold for 97% of their list price.
Days on Market ranged from 38 - 475 days, with the average being 131 days of market time.

This compares with 40 closed sales in January, 2006, with an average sales price of $273,000.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 210 single family homes for sale in Danbury, CT.
List Prices range from $215,000 - $3,300,000.

2 Bedroom Homes:  There are seventeen available from $225,000 for a small ranch to $500,000 for a home with water frontage on a small lake.
3 Bedroom Homes:  There are 104 available from $215,000 for a bank-owned fixer property to $3,300,000 for a contemporary home with level, direct frontage on Candlewood Lake.
4+ Bedroom Homes:  There are 89 available from $280,000 for a small hi-ranch to $1,400,000 for an antique stone colonial in a Candlewood Lake community. 

Condos:
Currently, there are 222 condos available for sale in Danbury, CT.
List prices range from $85,000 - $735,000.

Studios:  There are 3 available for $85,000 - $90,000.
1 Bedroom:  There are 15 available from $130,000 - $500,000 for a new unit under construction.
2 Bedrooms:  There are 158 available from $174,000 - $735,000 for a unit in a new Candlewood Lake community.
3 Bedrooms:  There are 42 available from $245,000 - $638,000 for a new unit currently under construction.
4 Bedrooms:  There are 4 available from $350,000 - $520,000.


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
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

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