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Brookfield Danbury Area Real Estate Volume and Prices – April 2011
Brookfield Danbury Area Real Estate Volume and Prices – April 2011.
Brookfield Danbury Area Real Estate Volume and Prices continue to be sluggish as shown graphically here. The Danbury area includes nine towns; Bethel, Bridgewater, Brookfield, Danbury, New Fairfield, New Milford, Newtown, Sherman and Southbury. Except for Bethel these towns all border Candlewood Lake, Lake Lillinonah or both.
The Brookfield Danbury Area Real Estate remains a Buyer’s Market. For the third month this year total Brookfield closings were only7, bringing the total to 25. This is 30% below last year to date and only slightly better than the terrible 2009 figure. Of the seven sales six were priced below $450,000. The seventh was at $1,000,000. That house had been on the market since July 2008, originally offered at $1,750,000. It might have sold at that price in 2005 or 2006.
There are currently 128 single family homes for sale in Brookfield (up 15% from last month). For the past six months Brookfield homes have been selling at the rate of 5 per month. The 128 home inventory represents a 25 month supply. These figures include only closed transactions – if “Pending” sales are also considered then absorption rate becomes 7.6/mo. and ... more

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