Danbury, CT Real Estate News

By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
 As I am sitting here thinking of what I need to do tommorow, I remember that I do need to vote tommorow morning on the way in to my weekly sales meeting. In addition the primary elections for voters that are registered as a democrat or republican, Danbury is having a city wide referendum. Unaffliated voters, such as myself, are vote in the refrendum. Danbury is asking for a $16 million dollar bond to be used for purchasing open space, improve some recreation fields, some public utlitly issues in addition to a new sprinker system for Danbury High School.For any more information about the proposed bond issue, please visit the City of Danbury's website at:http://www.ci.danbury.ct.us/ 
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By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
There are several newer condo and townhouse communities that have been built in the few years. These are good options for buyers that wish to enjoy the maintenance free lifestyle that many of these communities offer. Let's take a look at some of these newer townhouse communities in Danbury. Visit my Danbury Condo Website for further information and to explore listings! Over the years, I have sold and helped clients purchase within these and other communities throughout the Greater Danbury area and welcome the opportunity to partner with you. Sterling Woods:Sterling Woods is located in the Stadley Rough neighborhood of Danbury.Sterling Woods has 358 units constructed in the late 1990s on the 130 acre hillside location just ½ mile from major shopping on Federal Road. Community amenities i...
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By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
Welcome to Greater Danbury and the Candlewood Lake region. With Danbury as the regional center and Candlewood Lake as the region's recerational center, the area has reasonable real estate values with easy access to major employment centers such as White Plains, Stamford and New York City.Real estate choices range from rural wooded properties, suburban neighborhoods, waterfront property and townhomes. Get yourself acquainted with the local real estate market by checking out our featured listings, or explore local property values by searching the MLS listings by a map. Happy house hunting in Greater Danbury & Candlewood Lake! Contact me with any questions you might have about moving to the Greater Danbury Area! -Jon
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate UpdateDecember, 2007 Closed home sales in Danbury, Connecticut: Single Family Homes:There were 31 single family home sales closed in Danbury, CT.List Prices ranged from $213,000 - $895,000.Closed Sales Prices ranged from $209,000 - $820,000. The average closed real estate sales price for single family homes in Danbury was $392,391.  The median closed real estate sales price was $325,000.On average, these homes sold for 95.2% of their most recent list price.Days on Market ranged from 10 - 437 days, with the average being 134 days of market time.  This compares with 38 closed sales in December, 2006, with an average closed sales price of $399,707 and a median closed sales price of $351,750. Condos:There were 22 condominium sales closed in Danbury, CT.The a...
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By Pamela Burdette-Miller
(RE/MAX Unlimited Real Estate)
 We would like to invite you to donate new and gently worn winter clothes.January 28th and 29th9 am - 7 pmAll donation will go to the less fortunate in the greater Danbury areaDrop off donations at:RE/MAX Unlimited Real Estate103 Mill Plain Rd,Danbury, CT 06811203-748-7653 
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Peter Testa | Century 21 Lombardi Realtors, Danbury | peter.testa@century21.com | (203) 442-3873 154 Great Plain Rd., Danbury, CT Set back from the road, 3BR Residence on .46 ac. of Beautiful Property 3 Bdrm Single Family House offered at $329,000 Year Built 1937 Sq Footage 1,300 Bedrooms 3 Bathrooms 1 full, 1 partial Floors 2 Parking 2 Car garage Lot Size .46 acres HOA/Maint $0 per month DESCRIPTION Picturesque 3BD is Light & Bright - Eat in Kitchen with New appliances (Refrigerator, Oven Range & Range Hood). Dining Room connects to Sunroom - looks out over completely level Backyard. .46 Acres. Living Room with Fieldstone Fireplace. Master Bedroom with private ½ Bath. Hardwood lovers can find Wideplank Pegged Oak Flooring under carpet. New Roof in ’02. Full Basement (Unfinished). Fron...
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Peter Testa | Century 21 Lombardi Realtors, Danbury | peter.testa@century21.com | (203) 442-3873 4 Driftway Rd., Suite A1, Danbury, CT ***JUST UNPACK YOUR BAGS! 2 BR End Unit in Quiet, Smaller Complex.*** 2 Bdrm Townhouse offered at $279,900 Year Built 1985 Sq Footage 1,100 Bedrooms 2 Bathrooms 1 full, 1 partial Floors 3 Parking 2 Car garage Lot Size Unspecified HOA/Maint $210 per month DESCRIPTION End Unit in Driftway Hills: 2 BD Townhouse, Remodeled & Shows Beautifully. Eat-In Kitchen with Newer Appliances & Recessed Lights. Living Room has Fireplace & Sliders to Private Deck. New Hardwood Floors. 2 Oversized Bedrooms with Lots of Closet Space. Recently Painted. New Carpeting on Second Floor. Conveniently located off Exit 2 on I-84 and only minutes to NY; walk to shopping & restauran...
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Peter Testa | Century 21 Lombardi Realtors, Danbury | peter.testa@century21.com | (203) 442-3873 22 Main St, #32, Danbury, CT 2 BD Tri-Level Townhome – Attention to Detail - NOTHING TO DO HERE! 2 Bdrm Townhouse offered at $277,000 Year Built 1996 Sq Footage 1,400 Bedrooms 2 Bathrooms 1 full, 1 partial Floors 3 Parking 1 Car garage Lot Size Unspecified HOA/Maint $192 per month DESCRIPTION Conveniently located in the heart of Danbury, this Tri-Level Townhome offers all of the modern day conveniences & amenities that today's discerning buyer wants. Hardwood Floors. Expanded Counterspace. Tumbled Marble Backsplash. Living Room Fireplace. Central Air Conditioning. Bay Window. Master Bedroom with Vaulted Ceiling. Lower Level Den or Family Room. Washer & Dryer. Back Deck off Dining Room. 1 Ca...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate UpdateNovember, 2007 Closed home sales in Danbury, Connecticut: Single Family Homes:There were 19 single family home sales closed in Danbury, CT.List Prices ranged from $259,900 - $879,900.Closed Sales Prices ranged from $247,500 - $860,000. The average closed real estate sales price for single family homes in Danbury was $392,068.  The median closed real estate sales price was $345,900.On average, these homes sold for 95.4% of their most recent list price.Days on Market ranged from 23 - 499 days, with the average being 170 days of market time.  This compares with 48 closed sales in November, 2006, with an average closed sales price of $393,133 and a median closed sales price of $368,500. Condos:There were 27 condominium sales closed in Danbury, CT.List ...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
I have my website with Point2Agent NLS. I have noticed that some agents/brokers do not "handshake".Let me explain. Point2 websites allow you to list in your website properties brokered by other agencies, as long as the listing brokerage allows you to do that (handshake). It is great for you because you can attract more visitors and it is great for the seller since his/her property is advertised in multiple websites. However it seems some agents prefer not to have their clients' interest in heart and refuse to allow other agents to advertise their listings... I don't understand why some prefer not to advertise listings for free in other websites. They want the full commission. They don't want to share it with buyers' agents... but if I am a homeowner wanting to sell my house, I would pre...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
 The two tables below show a snapshot for the market in DANBURY as of December 27 and December 2nd respectively. It shows the number of units per status as well as the number of days on market.As you can see the mean listing price for Single Family Homes has dropped by  1.36%. The mean listing price for new listings in December 27 was $284,950 and it was $340,000 on December 2nd.These numbers show that our local market is more stable than many in close towns. This also shows how great an opportunity it is today to purchase a new home. Interest rates are still very low compared to recent years and with a larger inventory to choose from, a buyer should be able to find that dream home today.   
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By Pamela Burdette-Miller
(RE/MAX Unlimited Real Estate)
Let's not forget the important things in life. As I was trying to figure out how to print address labels from the business contact manager in MS Outlook so I could send out my Christmas cards, I came across this quote on a card from a colleague."People will forget what you said, people will forget what you did, but people will never forget how you made them feel!" ~ Maya AngelouTake a few minutes to slow down if you are moving too fast, speed up if you are moving too slow and make sure your loved ones know how much they mean to you. In our business as with many, relationships are critical to our success and people really do remember how we make them feel. Focus on the important stuff especially at this busy time of year.Enjoy a happy and safe holiday season!
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
The distribution of the current inventory in Norwalk as of December 2, 2007 is shown below:The next table shows the total number of available units in Danbury, the average Days on the Market - DOM, and the Median Listing Price - MLP for each type of property and each status.As you can see, the highest Median Listing Price for Single Family units is found under the status Reduced Price, and the lowest Median Listing Price can be seen for those with accepted offers - CTS. Maybe some of those properties under Reduced Price still will need to come down to hopefully become CTS. New Listings show a MLP lower than those for CTS and ACTIVE properties.I will not comment on the renewed single family since statistically one property is significant NOT significant in the analysis.The largest propor...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
                 No major changes can be observed in the market of Condominiums in Danbury when we compare what the market looked like on November 2nd and what it looks today:First of all the average Median Price is practically the same. We could see less new listings, similar number of Active Listings, as well as number of units under contract or in the status Continue to Show. www.HomesByNestor.com
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate UpdateOctober, 2007 Closed home sales in Danbury, Connecticut: Single Family Homes:There were 20 single family home sales closed in Danbury, CT.List Prices ranged from $209,900 - $719,000.Closed Sales Prices ranged from $216,000 - $700,000. The average closed real estate sales price for single family homes in Danbury was $390,021.  The median closed real estate sales price was $342,750.On average, these homes sold for 96.2% of their most recent list price.Days on Market ranged from 8 - 404 days, with the average being 130 days of market time.  This compares with 37 closed sales in October, 2006, with an average closed sales price of $435,505 and a median closed sales price of $413,000. Condos:There were 38 condominium sales closed in Danbury, CT.List Pri...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
The major differences between the snapshot for November 2 and today are:The median listing price for properties under contract came down from $359,000 (29 listings) to $339,900  (32 listings)The median listing price for New Listings has decreased from $367,450 to $329,900.Active Listings haven't shown a change in median listing priceMedian Listing Prices for properties in the status Continue to Show (offer accepted) actually increased from $332,394 to $335,000. 
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
Median Selling Prices for Single Family Homes in Danbury have increased 63% from October 2000 to October 2007.Properties sold between October 2006 and October 2007 saw a reduction of 3.38% but those homes sold in October this year reached an increase in Median Selling price of 3.5% compared to the Median Selling price in September 2007.You can see in the charts below how the number of listings sold and how prices have behaved since October 2000.
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
In last week's snapshot we can see that 72.75% are currently active (no offers yet). New listings still showed a listing price ($367,450) above those that already have a contract ($359,000) but below the average Median Listing Prices for this week or $371,659.Those with the lowest prices are Continue-to-Show or Back-on-Market confirming that the current seller needs to adjust his/her prices to adjust to what the market is willing to pay for existing available properties. 
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
The weekly snapshot last week showed a total of 333 units (ACTIVE plus Sale Pending), with an Average Median Price of $318,310 (The Average Median Price was calculated as the sum of the product of Nr. of units times the median price for each status divided by the total number of units, so I could have a parameter to compare week by week how prices are changing).This week, we can see that the total number of units went to 321, and the Avg. Median Price to $296,662. This is a 6.8% reduction, and 288 active listings (all af the status shown except "Sale Pending") versus 292 last week. 
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
Danbury had a great month compared to one year ago in terms of Selling Prices for Condominiums: they went from a median price in October 2006 of $201,500 to $242,000 in October 2007, or a 20.10% price increase.Only 19 Single Family properties were sold in October 2007, while 37 were sold in October 2006, with a median selling price reduction of 21.91%. In September 2007, 28 single family units were sold or 50% less than the 56 units sold in 2006. Median Selling prices for single family homes were reduced 14.10%.Only one Two-Family home was sold in September 2007 but its selling price was 21.95% higher than the median price of the 4 units sold in September 2006 In total, there were 48.21% less units sold in September 2007.
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