CONDO SALES IN DANBURY, CT - WHAT’S SELLING AND AT WHAT PRICE?

By
Real Estate Broker/Owner with Veritas Prime, LLC dba Veritas Prime Real Estate CT, NY, FL
https://activerain.com/droplet/4NTn

CONDO SALES IN DANBURY, CT

WHAT’S SELLING AND AT WHAT PRICE?

 

Condo Prices and Sales in Danbury, CT

 January 2015 - January 2016

 

Real Estate data for Danbury, CT provided by Olga Simoncelli,

Broker-Owner of Veritas Prime Real Estate.

 

During the period of January 2015 to January 2016 a total of 376 condominium units changed hands in Danbury, CT. That high number attests to the multitude of condo complexes in the city of Danbury. They are scattered throughout the city and in addition to the location, these condo’s vary in age, size as well as pricing. There is something for everyone.

 

Danbury, CT Condo Sales

 

The lowest-priced condo that sold in Danbury last year was a 1 Bedroom, 1 Bath, 500 square foot unit built in 1984 that had sustained major water damage. It sold for $26,000, which was actually above the asking price.

The highest-priced unit that sold in the same time frame was a brand new 8-room, 3 Bedroom townhouse in one of Danbury’s newest luxury condo complexes, the Rivington. It should be noted that this unit sold nearly $130,000 over the listed price, although some of that is probably attributable to custom upgrades as the apartment was being completed. The final price was $706,945, which puts its cost per square foot at a hefty $285.00.

  

The average price of all units sold in Danbury last year was $221K and the median price was $195K

The average time on the market was 111 days, or just over

three-and-a-half months.

  

The average discount was an amazingly low 2%, which means that sellers negotiated away only 2% of their asking price and as noted above, some sales were over the list price.

 

At present, there are 137 condo's on the market in Danbury, CT.

The units range in price from $65,000 to $649,000. Again - something for everyone!

 

The city of Danbury is affordable for first-time property buyers, young professionals, young families, retirees or vacation home buyers.

 

Call me if you're thinking of buying or selling a condo in the Danbury, CT area. Check out my website, too. 

 

Posted by

 

 

  

For Quality Solutions and Intellegent Answers to Your

Real Estate Needs or for Referrals, Consult With Olga

 

   

OLGA SIMONCELLI

Consultant

Real Estate Risk Management

203-482-2009 Cell

consultwitholga@gmail.com 

Visit My Website: www.thegoodrealestateagent.com

Your Local or Global Real Estate Consultant and “green broker. 

Candlewood Lake Real Estate

 

 

 

 

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Ambassador
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Big drop in number of units sold and prices from Jan 2015 to Jan 2016, and there are a lot of condos in Danbury

Feb 17, 2016 11:01 AM #1
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Olga Simoncelli This is a really impressive report that you provided, and an excellent source of information for buyers and sellers alike.  Thank you for taking the time to share this.  It is most professional!

Feb 17, 2016 11:23 PM #2
Rainmaker
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Ed Silva - hi Ed, how are you? Not sure what you mean about the big drops in numbers sold and prices - 17 units sold in Jan 2015 and 19 sold in Jan 2016. It's true the average price was lower in 2016; don't know if it's a trend yet. There were fewer new units built during the hard times, now they are coming on-stream. We are stil working through some foreclosures that were damaged. On an annual basis, the prices in 2015 were lower than in 2014 on average, but that number has fluctuated over the past ten years as well.

Thanks for stopping by! Don't you just love numbers? They don't lie, but you have to know how to read them.

Feb 18, 2016 03:47 AM #3
Rainmaker
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Jim Crawford - thank you, Jim! Coming from a fellow professional, your words mean a lot to me.

Feb 18, 2016 03:48 AM #4
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Condo sellers and condo buyers will be in good hands when they use your professional real estate services.

Feb 20, 2016 09:26 AM #5
Rainmaker
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Roy Kelley - thank you Roy!

Feb 20, 2016 09:30 PM #6
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Olga

This is an impressive report on condo sales in Danbury. Looks like 2015 was auite a year. Buyers and sellers in Danbury can readily see you are the one to call if they are interested in buying or sellling a Danbury condo! Best wishes for a terrific 2016

Jeff

Feb 20, 2016 11:27 PM #7
Rainmaker
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Jeff Dowler CRS - thank you Jeff! Waiting for the phone to ring. Best wishes to you as well! Hope we all have a good year.

Feb 20, 2016 11:57 PM #8
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Olga Simoncelli

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