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Danbury, CT Real Estate News

By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
I am pleased to announce to the availabilty of 62 Franklin Street in Danbury,CTThis is one of the most unique investment opportunities in Greater Danbury. The property has 2 residential apartments, plus the main level has been used for a dental practice for the last 40 years. The main level has a ton of potential. The city will allow the space to be continue as a professional space (for example attorney, small doctor/dental office, real estate brokerage, insurance agency) on the main level-no retail, food or salon permitted. The seller did recently obtain city approval to convert the main level, using the existing footprint, into a 2 bedroom 1.5 bath residential apartment with a bonus room (floor plan available).  This space has gas heat and central air. Buyer is to be perform their dil...
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By Lisa Brown-McDonald CT Real Estate Agent, Fairfield & Litchfield County REALTOR®
(The Brokerage of New England)
Now showing in Fairview Condominiums18 Fairview Dr Unit 3 Danbury, CT 068102 Bedroom Condo just listed $210,000Now showing Building 18 Unit 3 in Fairview Condominiums this weekend. Open house Saturday, April 20th and Sunday, April 21st from 11am to 1pm. This upper-level 2 bedroom ranch-style condo boasts abundant natural light, open living space and ample storage. Discover hardwood floors beneath the wall-to-wall carpeting. Enjoy a leisurely afternoon on the enclosed porch, accessible form the rear entrance. Spacious dining room, living room and kitchen with laundry hookup for added convenience. Residents benefit from additional storage and common laundry facilities with the complex. Additionally, residents can relax and enjoy the summer months at Fairview's gated in-ground pool. Fairvi...
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By Peter Testa, PETER TESTA
(Nationwide Homes)
If you are looking to buy or sell CT real estate Pete Testa is a full time agent & top producer in the towns of Danbury, New Fairfield, Brookfield, Bethel, Sherman, New Milford or Newtown. Pete gains his clients the kind of exposure necessary in today's market by featuring your home on over 50 real estate websites & using targeted marketing to sell your home. Pete & his team have proven results, having a closed sales volume of over 23 million dollars in just the last 3 years. If you demand experience & integrity in your Realtor look no further and contact Pete for a free consultation about your real estate needs. Pete Testa can be reached at (203) 442-3873 or at Peter@NationwideHouses.com - Please take a moment and browse our Homes For Sale: ................................................
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate Update August, 2008 Closed home sales in Danbury, Connecticut: Single Family Homes:There were 29 single family home sales closed in Danbury, CT.List Prices ranged from $217,000 - $975,500.Closed Sales Prices ranged from $207,500 - $975,000. The average closed real estate sales price for single family homes in Danbury was $381,432.  The median closed real estate sales price was $346,000.On average, these homes sold for 95.5% of their most recent list price.Days on Market ranged from 5 - 400 days, with the average being 106 days of market time.  This month enjoyed a marketing time 50 days less than recent averages...  This compares with 55 closed sales in August, 2007, with an average closed sales price of $397,082 and a median closed sales price of $370,0...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
  The table below shows how this segment of the market has behaved in the last three years. I have only selected those sales that occurred between June 1st and September 1st in 2006, 2007, and 2008.Even though it took almost 40 days more in 2008 than in 2006, only 49 properties (2 bedroom condos) were sold but for a similar median price. It looks like property prices for this segment are recovering from 2007.  
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
As you can see below, prices in Danbury have changed in average 4% per year during the last 3 years. At least that is what a quick snapshot of what single family homes with a living area between 1,200 and 2,000 SqFt and in a lots of between 0.2 and 1 acres were sold for (Median Prices) between June and August in 2006, 2007 and this year. The difference between the listing price (LP) and the selling price (SP) in 2006 was 2.43%, 1.33% in 2007 and 4.01% in 2008. This shows that these days the buyers' barging power is stronger than back in 2006 and 2007 and/or sellers are not listing their properties at the price the market is willing and able to pay. 64 properties were sold within June and August 2006, 40 during the same period of time in 2007 and 33 in 2008. In terms of how long it took ...
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By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
An eclectic blend of homes set in a commutable country location.  The King Street area is set on the rural upper edge , this  community offers many attractive things including quiet streets, wooded property and winding country lanes . There are many different home styles to choose from including classic farm homes, traditional colonials and capes, raised ranches and ranches, custom built homes as well as new construction.  Some homes have even direct frontage on reservoirs. Some of the subdivisions in the community include deer park estates, wedgewood estates, fieldstone estates, stonegate, heritage estates, dogwood park, golden heights, old hayrake and kingwood.Contact me about real estate in the King Street Neighborhood! The location is a nature fit for commuters. It is almost a stra...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
This is a snapshot of the current market in Danbury for Single Family Homes: 331 single family properties currently listed in Danbury. 12 properties with listing prices between $595,000 and $599,9999. 80 listings being offered for prices between $375,000 and $499,999. 107 properties are currently listed for prices between $275,000 and $374,999.   Nr. Listings   Price Range 12   $595,000 - $599,999 11   $325,000 - $329,999 10   $335,000 - $339,999 9   $295,000 - $299,999 9   $345,000 - $349,999 9   $355,000 - $359,999 9   $495,000 - $499,999 8   $365,000 - $369,999 8   $445,000 - $449,999 7   $375,000 - $379,999 7   $395,000 - $399,999 6   $245,000 - $249,999 6   $265,000 - $269,999 6   $315,000 - $319,999 6   $525,000 - $529,999 6   $695,000 - $699,999 5   $275,000 - $279,999 5   $310,0...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
The tables below show how the market behaved during the first 8 months of the year and how it compares to same period in 2007 according to the CT-MLS system. As you can see, 635 properties were closed in the first 8 months of 2007 while only 463 were sold in 2008. While in 2007 the diference between the asking price (Listing Price) and the actual selling price for Single Family properties was 7.34%, in 2008 selling prices have been 8.65% lower than asking prices. The smaller difference between asking price and closing price was observed in Condominiums in 2008, and surprisingly, 2-family properties were sold for 7.72% more than their asking prices. You can also notice that the average DOM (Days on Market) were higher in 2008, in other words, it is taking slightly longer to close than it...
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By Peter Testa, PETER TESTA
(Nationwide Homes)
Single Family Home for Sale728 sft., 2 bedr. $239,000, This house combines affordability & comfortability in a Great 2 Bedroom, 1 Bath. Recently renovated it offers the convenience of a turn-key move. 4 good-sized Rooms & a Full Unfinished ...Free online ads
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$239,000 DANBURY, CT: IN MOVE IN CONDITION, 2BR HOME ON SUNNY, LEVEL LOT! CONTACT NAME Peter Testa CONTACT EMAIL Click here to email >> CONTACT PHONE 203-442-3873 CONTACT AGENCY Nationwide Houses QUESTIONS? Click here to email >> DATE ADDED 8/30/2008 Owner Login Click here >> $239,000 Danbury, CT: In Move In Condition, 2BR Home on Sunny, Level Lot! Location: Danbury, Western Connecticut, Connecticut Subdivision: None Type: Single Family Home Price: $239,000.00 Bedrooms: 2 Bathrooms: 1 Full / 0 Half Sq. Footage: 728 Basement: YES Year Built: 1963 Lot Size: .11 acres Taxes: $2,326.00 Gallery: View Additional Pictures >> Virtual Tour: View Virtual Tour >> Website: Visit owner's website >> Property Description: This house combines affordability & comfortability in a Great 2 Bedroom, 1 Bath...
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By Jared M. Wiener, Area Sales Manager
(Regus )
Excellent communication in any business is key but in the world or real estate, its KING! Whether you're an agent, title officer, mortgage broker or a painter working on a first time home buyer's home, we are dealing with people's emotions! Whether purchasing a home or selling a mortgage note, it is an emotional transaction for most and the way to alleviate some of that "anxiety" is to have EXCELLENT communication skills? Why? Because if your client doesn't hear from you for more than 24 hours, their anxiety level shoots through the roof. DO NOT, under any circumstances wait more than 24 hours to call your client, even if you have nothing to report. It's better to give them an update on nothing! Remember to always put yourself in your client's shoes. Are those shoes comfortable? Have a ...
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CAFE ON THE GREEN - Enjoy an elegant dining experience with great views of the 18th green at Richter Park. Located on Richter Golf Course in Danbury, Connecticut is Cafe on the Green. A top notch menu features mouth watering Entrees like the Filet Mignon topped with a light Gorgonzola Brandy sauce & the Veal Scaloppini sauteed with lobster meat & melted mozzarella in a light champagne sauce. Appetizers include the Jumbo Sea Scallops sauteed with lemon herb garlic sauce & Fresh Maine Crab Cake with roasted red pepper coulis. Leave some room for after dinner or you'll wish you did. The Banana's Foster Flambe will be sure to fire up your evening. Spectacular views & great food make this a great place to enjoy a meal. Cafe on the green is located at: 100 Aunt Hack Road Danbury, Connecticut...
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By Peter Testa, PETER TESTA
(Nationwide Homes)
Peter & Laura Testa are pleased to announce their recent move to Nationwide Houses. Nationwide Houses is a franchised real estate agency that employees over 70 licensees in Connecticut & New York. Our Danbury office is located at 40 Lake Ave. Extension just off Exit 4 on I-84. As real estate agents in a changing marketplace we believe the future of our business should be built upon a strong foundation. By joining forces with Nationwide Houses we have taken that next step into the future. What our clients can expect is the same quality, service & commitment to excellence that has been the cornerstone of our business. In addition we’ve expanded our client services package to provide home sellers with more control. View home showing reports, monitor neighborhood home sales & track the clic...
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By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
Here is a quick snapshot of the what the condo market is in Danbury (per CMLS 8/16/08). There are currently 272 units active in Danbury. This is how they break down: $200,000 and under: 71 units (including 8 units under deposit). Average market time is 96 days. In addition, there are 10 units pending. $200,000-$250,000: 67 units (including 8 under deposit). Average market time is 100 days. In addition, there are 5 units pending. $250,000-$300,000: 45 units (including 5 under deposit). Average market time is 73 days. In addiiton, there are 2 units pending. $300,000-$350,000: 23 units (including 4 under deposit ). Average market time 82 days.In addition, there are 2 units pending. $350,000-$400,000: 19 units (including 3 under deposit). Average market time of 76 days. In addition, there a...
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By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
Located on the shores of Lake Kenosia, the community of Lake Place is one of the few condominium communities in Fairfield County that has direct frontage on a natural lake. Set with a rustic exterior charm, the lifestyle includes features such as attached one or two car garages, central air, European country kitchen, whirlpool tub and separate steam shower, superior energy efficient construction,one level living or a spacious townhouse with a vaulted skylit ceilings. The community is composed of 195 homes. Lake Place came alive on the site of the former Kenmere Hotel, which burned down in 1926 and the steamer that ran across the lake eventually sank and rumor has it the hull still remains. I welcome buyer & seller inquiries for the Lake Place Community. Search for listings in Lake Plac...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate Update July, 2008 Closed home sales in Danbury, Connecticut: Single Family Homes:There were 40 single family home sales closed in Danbury, CT.List Prices ranged from $124,900 - $1,200,900.Closed Sales Prices ranged from $124,900 - $1,100,000. The average closed real estate sales price for single family homes in Danbury was $401,833.  The median closed real estate sales price was $348,950.On average, these homes sold for 95.4% of their most recent list price.Days on Market ranged from 4 - 657 days, with the average being 156 days of market time.  This compares with 36 closed sales in July, 2007, with an average closed sales price of $384,275 and a median closed sales price of $356,450. Condos:There were 29 condominium sales closed in Danbury, CT.The avera...
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By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
Arlington Woods August 2008 Real Estate Report The local real estate market in the Arlington Woods community remains to be a strong buyer's market. This BLT built community, completed in 2005, set in the Shelter Rock neighborhood of Danbury offers it's residents a pool, clubhouse and fitness center. The location of the community lends itself ideal for commuting to Stamford and New York. There are currently 7 units for sale in the community to choose from (per CMLS 8/6/08) and they break down as followed: Model Units for Sale Average List Price Average Days on Market Aspen 3 (plus 1 under deposit) $304,266 76 Bayberry 3 $345,966 139 Chestnut 1 $390,000 130         Complex: 7 $334,386 111     Arlington Woods is a lovely community built in the same tradition of Sterling Woods and Kensingto...
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By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
Woodland Hills Real Estate Report The Woodland Hills community in Danbury presents itself with great opportunities for buyer's looking to get into this GDC built community where amenities include a pool, tennis courts, hiking trails, clubhouse with indoor basketball court and fitness center. Completed in 2005, this 252 unit town home community lifestyle in set on the Danbury/Bethel line making it ideal for commuting to New York, lower Fairfield County, New Haven and Hartford. There are currently 17 units for sale in the community to choose from (per CMLS 8/6/08) and they break down as followed:   Model How Many For Sale Average List Price Average Days on Market Amherst 1 $425,000 101 Bradford 2 $504,000 76 Dalton 0 --- --- Fenton 2 $439,900 42 Granville 2 $375,950 73.5 Harrison 4 $525,8...
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By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
Sterling Woods Real Estate Report The real estate market in the Sterling Woods Community remains very strong as the summer rolls ahead and the fall months approach us (August 6, 2008). There are currently two units for sale in the community, one is located in the original section and one is the newer section. The unit is the original section is currently offered at $375,000. It features two bedrooms, a main level den, recently finished lower level family room and a 2 car garage.This unit just came on the market 8 days ago.  The current active unit (8/6/08) is Sterling Woods II is offered at $329,900. This acorn model (2 bedrooms, 1.5 baths) has been updated with new laminate floors, new kitchen appliances, new light fixtures and has been freshly painted. It has been on the market for on...
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  JUST SOLD! 21 ROYAL RD., DANBURY, CT 06810 * Asking Price: $359,000 * Sale Price: $361,500 * Sale Date: July 25, 2008   1,700+ sf. 3 Bedrooms + Den, 2 ½ Baths. Updated Kitchen with Recent Improvements including Granite Countertops, Hardwood Floors, Kitchen Appliances & Cabinets. Hardwood Floors throughout Main floor. Living Room with 2 Skylights & Fireplace. Decorative Base Mouldings. Newer Windows. Master Bedroom with Walk-In-Closet & Full Bath. Marble Floors, Granite Vanity & Jacuzzi Tub. Lower Level is a Walk-out with Family Room & Den which could easily be a 4th Bedroom. Central Air Conditioning. Oil Heat with Forced Air. Backyard on over ½ acre of flat lawn. Attached 2 Car Garage. Taxes $4,094!   Property Details   Listing Agent: Laura Testa, (203) 648-6648    
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  JUST SOLD! RIVERBEND CONDOMINUMS 14 NEWTOWN RD. #B3 DANBURY, CT  06810   Asking Price: $179,000 Sale Price: $179,000 Sale Date: July 25, 2008   Tastefully decorated 2 bedroom ranch. Open floor plan. Birds-eye view of the river from every window. Beautiful New Hardwood Floors. New Tile Floor in Updated Kitchen with New Maple Cabinetry & New Countertops. D/W. Walk-in Pantry. New Lighting Fixtures. Crown Moldings. Washer/Dryer. Reserved Parking & Secured Entry. Close to shopping, major highways, & public transportation. Common Charges: $197 Taxes: $1,603   Property Details   Listing Agent: Laura Testa, (203) 648-6648  
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