Danbury, CT - July, 2008 Real Estate Market Report

Danbury, Connecticut Real Estate Update
July, 2008

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 40 single family home sales closed in Danbury, CT.
List Prices ranged from $124,900 - $1,200,900.
Closed Sales Prices ranged from $124,900 - $1,100,000.

The average closed real estate sales price for single family homes in Danbury was $401,833. 
The median closed real estate sales price was $348,950.
On average, these homes sold for 95.4% of their most recent list price.
Days on Market ranged from 4 - 657 days, with the average being 156 days of market time. 

This compares with 36 closed sales in July, 2007, with an average closed sales price of $384,275 and a median closed sales price of $356,450.

Condos:
There were 29 condominium sales closed in Danbury, CT.
The average closed real estate sales price for condos in Danbury was $282,844.
The median closed sales price was $275,000.
On average, these homes sold for 95.5% of their most recent list price.

This compares with 44 closed sales in July, 2007, with an average closed sales price of $266,006 and a median closed sales price of $242,797.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 327 single family homes for sale in Danbury, CT.
List Prices range from $79,900 for a summer-only as-is cottage in a lake community to $3,499,000 for a renovated 1920/s colonial on nearly 9 acres.

Condos:
Currently, there are 246 condos available for sale in Danbury, CT.
List prices range from $76,000 - $839,000.

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
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