New Milford, CT - March, 2008 Real Estate Market Report

New Milford, Connecticut Real Estate Update 
March, 2008

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 19 single family home sales closed in New Milford, CT.
List Prices ranged from $204,999 - $1,795,000.
Closed Sales Prices ranged from $200,500 - $1,600,000.

The average closed real estate sales price for single family homes in New Milford was $501,389.
The median closed sales price was $400,000.
On average, these homes sold for 93.7% of their final list price.
Days on Market ranged from 4 - 710 days, with the average being 230 days of market time.

This compares to 20 single family homes closed in March, 2007, with an average closed sales price of $407,485 and a median closed sales price of $327,500.

Condos:
There were 5 condominium sales closed in New Milford, CT.

The average closed real estate sales price for condos in New Milford was $190,000.
The median closed sales price was $175,000.
On average, these homes sold for 97.8% of their list price.

This compares to 19 condos closed in March, 2007, with an average closed sales price of $207,255 and a median closed sales price of $182,000.

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 248 single family homes for sale in New Milford, CT.
List Prices range from $144,900 for a bank-owned fixer to $4,200,000 for a restored 1800's home on 65 acres.

Condos:
Currently, there are 70 condos available for sale in New Milford, CT.
List prices range from $69,500 for a studio unit to $539,900 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 Greater Fairfield County MLS and believed to be accurate.