Generally speaking since 2000, single family homes in Danbury,Connecticut have appreciated about 2% each year on the average sales price. That time period does include the height of the market as well as the recession period. In 2000, the average sales price was $230,085 with a median of $215,000. For the calendar year of 2017, the average price for a home in Danbury that sold was $322,747 , with the median being $300,000. Homes prices had the highest average sales price in 2005 when the sales prices averaged $398,210.Based on the average sales price in 2017, home prices are near the 2003 average price point. Since the height of the across, the median sales price has declined 24% and the average price decreased 19.2%
So what does this information mean for you? You might possible have more equity in your home than think. It could be a good time to sell, as inventory levels are quite low across the board. There is no harm in getting a confidential price on your property so you can plan your next move. Please reach out to me today to schedule a visit. I look forward to hearing from you.
This information is per smart mls system, February 4,2018. Please contact for current information, accurate but no guaranteed.
