New Milford, CT - January, 2009 Real Estate Market Report

New Milford, Connecticut Real Estate Update 
January, 2009 

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 6 single family home sales closed in New Milford, CT.

The average closed real estate sales price for single family homes in New Milford was $271,108.
The median closed sales price was $232,500.
On average, these homes sold for 90.6% of their final list price.

Days on Market averaged 200 days of market time.

This compares to 16 single family homes closed in January, 2008, with an average closed sales price of $410,290 and a median closed sales price of $375,000.

Condos:
There were 11 condominium sales closed in New Milford, CT.

The average closed real estate sales price for condos in New Milford was $100,000.
The median closed sales price was $100,000.
On average, these homes sold for 83.4% of their list price.

This compares to 4 condos closed in January, 2008, with an average closed sales price of $187,100 and a median closed sales price of $166,750.

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 257 single family homes for sale in New Milford, CT.
List Prices range from $100,000 for an antique fixer to $2,100,000 for a large Candlewood Lake waterfront home.

Condos:
Currently, there are 66 condos available for sale in New Milford, CT.
List prices range from $79,900 for a one-bedroom 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
203.746.1199
Connecticut Real Estate and Homes for Sale

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