Danbury, CT Real Estate News

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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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut, has proposed a $191.4 Million budget for next year.  Slightly more than 55% of this budget is for education. This represents a proposed $13 Million increase in spending, including a 6.1% increase for education, which results in an approximately 1% increase in property owners' tax rates, or about 15 cents additional per $1,000 of assessed value.  This increase in spending will fund several new initiatives, including new staff, equipment and training for the police and fire departments.  The budget proposes 10 new firefighters for the new westside fire station, and 15 new police vehicles. This budget proposal assumes that additional funds will come to the city from the state's current proposed budget.  It is not yet known if the state budget will pass, or if local to...
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By Alexandra Edwards
(Prudential CT Realty)
Danbury, CT Condo For Sale61 Kohanza Street174,000First time buyers! Here's your home.2 bedrooms, 1 bath TownhouseLiving RoomDining RoomKitchenNew Windows and storm doors 2006Newer CarpetsGreat Value  Come and see this Condo that is a great value. Its close to shopping area and near downtown Danbury. Easy access to I84. This condo boasts new windows and storm doors in 2006.GO SEE AND SELL!!!   
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By Dana Voelzke, Loan Officer/ First time home buyer specialist
(loanDepot (203) 733-9408)
Here's a summary of the statistics for the Greater Danbury market for 2006. If you would like to see the graphs and charts with market data for your specific town, send me your email and I'll forward it to you. Prices in Northern Fairfield/Southern Litchfield County saw a modest decline last year. Also, the number of sales in 2006 fell significantly, for the second straight year in some towns, and was the worst year since 1996. On average, about 60% of the homes to hit the market last year did not sell at all, and a growing number of sellers are either waiting or attempting to renting their homes.The average price of a single family home in two of the largest towns in our area, Danbury and New Milford, declined only slightly (-0.4%) in 2006 compared to 2005. Some of the other towns such...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Danbury, Connecticut Real Estate UpdateJanuary 2007 Closed home sales in Danbury, Connecticut: Single Family Homes:In January of 2007, there were 25 single family home sales closed in Danbury, CT.List Prices ranged from $160,000 - $725,000.Closed Sales Prices ranged from $128,000 - $715,000. The average closed real estate sales price for single family homes in Danbury for the month of January was $375,000.On average, these homes sold for 96% of their list price.Days on Market ranged from 36 - 460 days, with the average being 153 days of market time. However, homes that were priced correctly for the market sold for 97% - 100% of their list price. This compares with 30 closed sales in January, 2006, with an average sales price of $393,000. Condos:In January of 2007, there were 30 condomin...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
When sellers and their agent are determining at what price to list their home for sale, it is important to remain realistic about the market and the home's current market value. Price your home too high and buyers and their agents will probably ignore your home, or use it to sell other, better-priced homes.  If the home does sell at too high of a price, then it may not make it through the appraisal phase of the contract.  If the home cannot appraise at the purchase price, then the buyers may not be able to obtain financing.  Assuming there is an appraisal contingency in the purchase contract, this leaves the buyers three options:  Negotiate with the seller down to the appraised value Pay the difference in cash at closing between the appraised value and the purchase price, creating immed...
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