Many of the first time buyers that I am working with in Danbury are looking for condos. They choose to look at condos because they don't have to worry about maintaining the exterior, typically get more square feet compared to similarly priced single family homes, and get to enjoy community amenities.

With a larger supply of units available (currently 126 units under $275,000 per CMLS 3/6/09), there are plenty of units to choose from, so you can be picky on the complex, location in the complex and on the condition of units. In addition to the large supply, historically low interest rates as well as homebuyer tax credit, I would find it hard to resist looking for your first home if you have a stable job & having some funds to put as your down payment.

There are many great buys in some of the sought after communities, such as Westwood Village, Arrowood, Covered Bridge, Birchwood, Park Ridge & Shepherd Hill.

Jon