Danbury Real Estate Blog

Danbury,CT offers a variety a townhome options at different pricing levels. In my experience, I found that several communities offering very similar pricing for the similar types of homes you would be living in. With this knowledge, I am able to assist clients with understanding the local market whether their goal is to sell their home or purchase. The overall market tells us what is happening in the town, and we can go further in detail by reviewing neighborhood to neighborhood.
Sales information is below for reported closings on the Smart MLS

Year Average Sales Price # Of Homes Sold Median Sales Price Average Days on Market
2010 $228,382 279 $218,000 99
2011 $205,410 254 $190,000 108
2012 $220,766 293 $190,000 117
2013 $217,842 382 $182,500 114
2014 $226,082 343 $216,000 107
2015 $222,444 363 $196,000 107
2016 $223,956 413 $208,000 107
2017 $233,179 383 $215,000 90
2018* $257,839 378* $234,950 63

*Sales From 1/1/2018 to 10/28/2018. Sales Data per Smart MLS 10/28/2018, accurate but not guaranteed

It's amazing to think the 28.2 condominiums on average in this time period sell every month. That is almost one sale every day of the year. Considering banks don't do closings on weekends and there are holidays, so there are generally a lot of homes being sold. I think of the increase in number of homes sold & pricing is due to the ongoing new construction over the Rivington-in most completed communities,the # of numbers sold appear to be stable or declining due to less moving, but due to lack of home, in some neighborhoods pricing has increased-contact me for details about your move.

Generally speaking, a purchase of about $255,000, the price would typically afford you a 2 bedroom 1.5 bath home in the Sterling Wood or Kensington Woods community, approximately 1152 square feet on above grade plus about 250 additional square feet in the finished lover level. There is a breakfast nook, a pantry, gas fireplace, master bedroom with a large closet, in unit laundry, a deck, open main level floor plan, gas heat, central air and a garage. Homes were built between 1996-2002, and are in generally good condition and offers access on the communities on-site amenities. There would other choices available as well.

Are you in the market to purhcase or sell a condomioniuim in the Danbury,CT area? I am here to help you. My name is Jonathan Hall-A Realtor With William Pitt Sotehbhys' International Realty in Danbury,CT. Visit my website to learn about the area and properties. Please call or text me at 203-417-0523 with your requests on moving. I look forward to hearing from you. 

Posted by Jonathan Hall on October 29th, 2018 3:57 PM


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