New Milford, CT February 2007 Real Estate Market Report

New Milford, Connecticut Real Estate Update
February 2007

Closed home sales in New Milford, Connecticut:

Single Family Homes:
In February of 2007, there were 17 single family home sales closed in New Milford, CT.
List Prices ranged from $264,900 - $1,875,000.
Closed Sales Prices ranged from $254,500 - $1,575,000.

The average closed real estate sales price for single family homes in New Milford for the month of February was $504,552.
The median closed sales price was $369,000.
On average, these homes sold for 96% of their list price.
Days on Market ranged from 32 - 533 days, with the average being 252 days of market time.

This compares to 24 single family homes closed in February, 2006, with an average closed sales price of $397,338 and a median closed sales price of $385,000.

Condos:
In February of 2007, there were 13 condominium sales closed in New Milford, CT.
List Prices ranged from $119,900 - $409,900.
Closed Sales Prices ranged from $110,000 - $388,500.

The average closed real estate sales price for condos in New Milford for the month of February was $199,588.
The median closed sales price was $182,000.
On average, these homes sold for 97% of their list price.
Days on Market ranged from 1 - 176 days, with the average being 87 days of market time.

This compares to 5 condos closed in February, 2006, with an average closed sales price of $169,200 and a median closed sales price of $175,000.

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 270 single family homes for sale in New Milford, CT.
List Prices range from $195,900 for a one-bedroom antique colonial home to $3,200,000 for a 20 acre estate with an 8,000 square foot main home and four additional detached residences.

Condos:
Currently, there are 67 condos available for sale in New Milford, CT.
Studios:  There are 2 available for $70,000 - $121,500.

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
203.746.1199
Connecticut Real Estate and Homes for Sale

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