Danbury, Connecticut Real Estate Update
January, 2009

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 19 single family home sales closed in Danbury, CT.

The average closed real estate sales price for single family homes in Danbury was $391,981. 
The median closed real estate sales price was $317,000.

On average, these homes sold for 94.3% of their most recent list price.

Days on Market averaged 202 days of market time. 

This compares with 27 closed sales in January, 2008, with an average closed sales price of $394,654 and a median closed sales price of $342,500.

Condos:
There were 12 condominium sales closed in Danbury, CT.
The average closed real estate sales price for condos in Danbury was $197,035.
The median closed sales price was $194,500.
On average, these homes sold for 91.7% of their most recent list price.

This compares with 19 closed sales in January, 2008, with an average closed sales price of $261,863 and a median closed sales price of $219,000.

Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 227 single family homes for sale in Danbury, CT.
List Prices range from $133,400 for an older bank-owned home to $2,290,000 for a large Candlewood Lake waterfront home with guest house..

Condos:
Currently, there are 221 condos available for sale in Danbury, CT.
List prices range from $84,000 - $759,900.

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
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate