Danbury, CT Real Estate News

By Nestor N. Romero, REALTOR = Residential Real Estate
(Coldwell Banker)
  I am including our current inventory for Danbury. You will see how active properties are distributed among different price ranges, as well as the average number of days in the market.I expect to be able to repeat the same analisys in a couple of weeks to follow up on how this inventory is changing. This will be complemented with a new table showing sales at the end of the month.
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate UpdateJuly, 2007 Closed home sales in Danbury, Connecticut: Single Family Homes:In July, 2007, there were 34 single family home sales closed in Danbury, CT.List Prices ranged from $214,900 - $885,000.Closed Sales Prices ranged from $214,900 - $800,000. The average closed real estate sales price for single family homes in Danbury was $367,320.  The median closed real estate sales price was $351,500.On average, these homes sold for 96.4% of their most recent list price.Days on Market ranged from 31 - 232 days, with the average being 120 days of market time.  This compares with 40 closed sales in July, 2006, with an average closed sales price of $396,145 and a median closed sales price of $360,000. Condos:In July, 2007, there were 41 condominium sales close...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate UpdateJune, 2007 Closed home sales in Danbury, Connecticut: Single Family Homes:In June, 2007, there were 42 single family home sales closed in Danbury, CT.List Prices ranged from $284,900 - $1,395,000.Closed Sales Prices ranged from $267,500 - $1,283,550. The average closed real estate sales price for single family homes in Danbury was $473,364.  The median closed real estate sales price was $403,450.On average, these homes sold for 97.8% of their most recent list price.Days on Market ranged from 17 - 381 days, with the average being 137 days of market time.  This compares with 61 closed sales in June, 2006, with an average closed sales price of $418,209 and a median closed sales price of $355,000. Condos:In June, 2007, there were 45 condominium sales c...
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By Nestor N. Romero, Realtor - Real Estate Fairfield County - (203)515-5511
(HomesByNestor)
Before commenting on how the market is doing, I suggest watching your specific market.I chose Danbury and the period of Jun.01.07 - Jul.31.07 and compared the market to the same period one year ago.What you can see is that you can't generalize. Market behavior depends on the type of dwelling (Single Family, Multi Family, and Condo), and also on the price range..In the first graphic you will see that while Single Family homes between $200K and $300K showed a difference between Listing Price and Selling Price in Jun-Jul 2007 of 3.01% while the difference in 2006 was 5.29%!!! One of the reasons is that prices were over-heated last year and that they are "more adjusted" now. So sellers are listing their homes according to the current market reality.Another result I want to comment on is tha...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
Well... At least in the segment $300K - $400K.Before commenting on how the market is doing, I suggest watching your specific market.I chose Danbury and the period of Jun.01.07 - Jul.31.07 and compared the market to the same period one year ago.What you can see is that you can't generalize. Market behavior depends on the type of dwelling (Single Family, Multi Family, and Condo), and also on the price range..In the first graphic you will see that while Single Family homes between $200K and $300K showed a difference between Listing Price and Selling Price in 2007 (Jun and Jul) of 3.01% the difference in 2006 was 5.29%!!! One of the reasons is that prices were over-heated last year and they are more "adjusted now". So sellers are listing their homes according to the market.Another result I ...
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By Nestor N. Romero, REALTOR = Residential Real Estate
(Coldwell Banker)
Before commenting on how the market is doing, I suggest watching your specific market.I chose Danbury and the period of Jun.01.07 - Jul.31.07 and compared the market to the same period one year ago.What you can see is that you can't generalize. Market behavior depends on the type of dwelling (Single Family, Multi Family, and Condo), and also on the price range..In the first graphic you will see that while Single Family homes between $200K and $300K showed a difference between Listing Price and Selling Price in 2007 (Jun and Jul) of 3.01% the difference in 2006 was 5.29%!!! One of the reasons is that prices were over-heated last year and they are more "adjusted now". So sellers are listing their homes according to the market.Another result I want to comment on is that depending on the pr...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
WASHINGTON - The prices of existing and new homes are expected to bounce back next year after a dreary 2007, a real estate trade group said Wednesday.The National Association of Realtors also said it expects existing-home sales to rise to nearly 6.4 million in 2008, up from the 2007 estimate of more than 6.1 million. Nearly 6.5 million existing homes were sold in 2006, the association said.As for new homes, sales are projected at 865,000 in 2007 and 878,000 next year, but the 2008 projection would still be down more than 20 percent compared with the nearly 1.1 million new homes sold in 2006.Source: Associated Press-----------------------------------------------------The main reason?The law of supply and demand. The number of new constructions fell from 1.1 million in 2006 to a projected...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
These three towns, as in most of the country, are showing a reduced number of SOLD properties compared to one year ago. That's not new news. As we all know, the Real Estate market is cyclical as it is the economy, politics, the seasons...., and in  it is about LOCATION. As you well know, it's about the address, and some towns saw their real estate prices going higher and earlier than others a couple of years ago. Some towns have reduced (normalized) their prices earlier than others: We can see that in Stamford, there have been 41.70% less SOLD Single Family properties between Jan.10 and July 10 this year than one year ago during the same period. Stamford is the only town/city of the three compared here that shows an increase in Sale Price in Condominiums (+0.84%), while Danbury is the o...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate UpdateMay, 2007 Closed home sales in Danbury, Connecticut: Single Family Homes:In May, 2007, there were 33 single family home sales closed in Danbury, CT.List Prices ranged from $202,900 - $1,370,000.Closed Sales Prices ranged from $202,000 - $1,413,360. The average closed real estate sales price for single family homes in Danbury was $487,927.  The median closed real estate sales price was $435,000.On average, these homes sold for 97.9% of their most recent list price.Days on Market ranged from 16 - 788 days, with the average being 147 days of market time.  Interestingly, most homes that sat on the market for a year or more sold for $100,000 or more less than their original list price.  Proper initial pricing is so important.  This compares with 46 clos...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
District Overviewwww.eschoolprofile.comBethel High SchoolBethel School DistrictDistrict InformationDollars Per Student 1003 Students 3407 Teachers and Staff 179 Student/Teacher Ratio 19 Median Years Teaching Experience 10 Lowest Grade Level PK Highest Grade Level 12 Data updated as of JUN 2007  School InformationElementary Schools 3 Average Population 544 Middle (JrHS) Schools 1 Average Population 825  Average Class SizeGrade 1 20 Grade 8 20 District Overviewwww.eschoolprofile.comDanbury High SchoolDanbury School DistrictDistrict InformationDollars Per Student 9077 Students 9889 Teachers and Staff 412 Student/Teacher Ratio 24 Median Years Teaching Experience 13 Lowest Grade Level PK Highest Grade Level 12 Data updated as of JUN 2007  School InformationElementary Schools 14 Average Popul...
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By Nestor N. Romero, REALTOR = Residential Real Estate
(Coldwell Banker)
Untitled Document <!-- body { background-color: #EDFCFE; } body,td,th { color: #666666; } -->   I thought I would share this with you. I am sure in your local market you always have a big store or a school hosting free events, training, gatherings. It’s an interesting way to get known by local organizations you like and ultimately to meet neighbors and become a good source of local information for your market. I want to share with you what Stew Leonard's, a large produce, dairy and bakery store is offering in my town. Stew Leonard’s is one of my favorite places to shop. A brief notice on who they are, and then the program of Gardening Workshops held in Norwalk and Danbury, CT and Yonkers, NY. It's a great opportunity to get to know neighbors who, like in this particular case, are in...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
COASTAL NAVIGATION EXHIBIT:  The "From Sea to Shining Sea: 200 Years of Charting America's Coasts" exhibit will be on display from 8 a.m. to 8 p.m. weekdays and 10 a.m. to 4 p.m. on Saturdays in Warner Hall on the Western Connecticut University -  Midtown campus, 181 White St. in Danbury. The exhibit recognizes the 200th anniverary of the establishment of the survey of the U.S. coast. The display will be free and open to the public. It is presented in collaboration with the Smithsonian Institution Affiliations Program. WestConn is a Smithsonian affiliate. For more information, call (203) 837-8486.   In 2007, the National Oceanic and Atmospheric Administration celebrates the 200th anniversary of the Coast Survey originally charged by Thomas Jefferson to provide a "complete and accurate c...
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By Nestor Realtor, www.HomesByNestor.com
(Coldwell Banker Residential Brokerage)
DemographicsDanbury, CT 06810National AveragePopulation of Danbury4578511535Median Age35.9 years37.47 yearsMedian Household Income$51672$42350.95Percentage of Single Households46.8%41.53%Percentage of Married Households53.2%58.46%Percentage Families (households with children)24.5%24.32%Average Household Size2.67 people 2.57 people Percentage College or Better21.6%20.14%Percentage White Collar56.5%47.14%Cost of LivingDanbury, CT 06810National AverageCost of Living Index14699.52Average Yearly Utility Cost39733196.27Average Household Total Consumer Expenditures$52306 per year$41075.28 per yearAverage Household Education Expenditures$626 per year$450.93 per yearAverage Household Entertainment Expenditures$2843 per year $2207.08 per year Average Household Transportation Expenditures$1985 per...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut mayor Mark Boughton has announced that the Summer Youth Employment Program for resident youths in low-income families. To be considered for the employment program, applicants must be 14 years of age or older and a current participant of the free/reduced lunch program. One-hundred youth will be hired to work 20 hours per week for six weeks, and ten youth aged 16 and up will be hired to be supervisors, beginning July 2, 2007.  The program's purpose is to provide these youth with additional employment opportunities, and to help them become productive workers and self-sufficient citizens.  Applications must be received by June 15, 2007.  Please see the Application for Employment.For more information, contact the Mayor's office at 203.797.4511.   Don Fabrizio-Garcia, REA...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate UpdateApril, 2007 Closed home sales in Danbury, Connecticut: Single Family Homes:In April of 2007, there were 36 single family home sales closed in Danbury, CT.List Prices ranged from $220,000 - $1,149,000.Closed Sales Prices ranged from $198,000 - $1,070,000. The average closed real estate sales price for single family homes in Danbury for the month of April was $447,883.  The median closed real estate sales price was $385,000.On average, these homes sold for 96.5% of their most recent list price.Days on Market ranged from 6 - 348 days, with the average being 144 days of market time.  This compares with 33 closed sales in April, 2006, with an average closed sales price of $376,781 and a median closed sales price of $370,000. Condos:In April of 2007, the...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut has once again been honored as "Tree City USA" by the National Arbor Day Society.  This is the 17th time Danbury has been awarded this honor. Danbury was chosen for this award based on its community forestry program, its tree care ordinances, and its annual observance of Arbor Day.  Danbury celebrates Arbor Day in late April, and this year held tree plantings at city parks and schools.   Don Fabrizio-Garcia, REALTORConnecticut Real Estate & Appraisals203.746.1199Connecticut Real Estate and Homes for Sale    
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate UpdateMarch, 2007 Closed home sales in Danbury, Connecticut: Single Family Homes:In March of 2007, there were 26 single family home sales closed in Danbury, CT.List Prices ranged from $219,900 - $749,900.Closed Sales Prices ranged from $165,000 - $700,000. The average closed real estate sales price for single family homes in Danbury for the month of March was $366,453.  The median closed real estate sales price was $332,500.On average, these homes sold for 96% of their most recent list price.Days on Market ranged from 20 - 867 days, with the average being 172 days of market time.  (One home was one the market since 2004 - it was originally priced nearly $200,000 higher than its final sales price). This compares with 41 closed sales in March, 2006, with a...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
The city of Danbury, Connecticut, has scheduled its spring yard debris pickup to pick up leaves and twigs cleaned up from residents' yards. Leaves should be placed in paper leaf bags only, and left at the curb.  Bags should be folded shut - do not tape the bags closed. Twigs and branches should be bundled and tied in lengths of 2 feet or less. Rocks, sand, grass clippings and garbage must not be included in the bags. The pick up schedule is as follows:Section A: South of I-84, or zip code 06810Section B: North of I-84, or zip code 06811 April 16- April 20: Section A April 23 - April 27: Section B April 30- May 4: Section AMay 7 - May 11: Section BMay 14 - May 18: Section AMay 21 - May 25: Section BMay 29 - June 1: Section AJune 4 - June 8: Section B For more information, call city hall ...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Saturday, April 21, 2007, will be Danbury, Connecticut's 4th Annual Clean City Danbury Day. Mark Boughton, Danbury's Mayor, expects 1,000 volunteers to assist him with an old-fashioned neighborhood clean-up.  The city of Danbury will provide volunteers with trash bags, gloves and safety vests. The city will provide six dumpster locations that will also be available for residents to dispose of any bulk trash free of charge. Volunteers can register by calling Mayor Boughton's office at 203.797.4511. The following dumpster locations will be available on this date from 8am - 1pm for town residents and homeowners: Rogers Park - at the tennis courts Mill Ridge Intermediate School Old Dump Mill Plain Green City Hall P.A.L. Building For more information, or for directions to the dumpster locati...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate UpdateFebruary, 2007 Closed home sales in Danbury, Connecticut: Single Family Homes:In February of 2007, there were 25 single family home sales closed in Danbury, CT.List Prices ranged from $257,500 - $999,999.Closed Sales Prices ranged from $246,000 - $950,000. The average closed real estate sales price for single family homes in Danbury for the month of February was $379,203.  The median closed real estate sales price was $342,000.On average, these homes sold for 98% of their list price.Days on Market ranged from 12 - 328 days, with the average being 130 days of market time. This compares with 18 closed sales in February, 2006, with an average closed sales price of $455,897 and a median closed sales price of $430,000. Condos:In February of 2007, there ...
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