Danbury Real Estate Blog

Hayestown & Central Danbury Condo Market Report

November 22nd, 2010 7:37 PM by Jonathan Hall

About West Danbury:
The central region of Danbury offers a number of affordable townhome & condos for buyers to choose from. I am including units ranging from the lower South Street corridor up to the town beach at Candlewood Lake. Almost all of the townhome communities have been constructed since 1980, and offer great space at reasonable prices.

For Sale:

Community	Active Current	Active Average List Price	Average Days on Market
Timber Oaks	12	$392,053	86
Barclay Commons	5	$268,740	94
Southwoods	2	$267,450	146
Summit View	2	$229,450	71
Apple Blossom	2	$224,000	94
Arrowood	5	$208,520	144
Lakewood	3	$155,500	75
Park Brook	3	$225,000	41
Park Ridge	4	$230,700	148
North Ridge	1	$213,000	113
Totals	39	$277,180	97

Sales from January 1 to November 21,2010

Complex	# of Units Sold	Average Asking Price	Average Sales Price	Average Days on Market
Timber Oaks	26	$366,416	$365,649	107
Barclay Commons	2	$249,450	$231,250	39
Southwoods	6	$265,083	$253,250	105
Summitview	5	$237,900	$230,080	59
Apple Blossom	3	$250,633	$236,750	113
Arrowood	5	$141,380	$136,600	155
Lakewood	3	$221,300	$212,000	58
Park Brook	6	$151,188	$148,671	47
Park Ridge	2	$192,750	$182,500	255
North Ridge	2	$142,400	$149,450	85
Totals	60		$270,407	101

Sales in the same timeframe last year:

Complex	# of Units Sold	Average Asking Price	Average Sales Price	Average Days on Market
Timber Oaks	12	$404,679	$394,488	92
Barclay Commons	2	$264,450	$253,125	92
Southwoods	0
Summit View	5	$251,360	$239,320	136
Apple Blossom	1	$289,999	$267,000	64
Arrowood	1	$224,900	$200,000	194
Lakewood	6	$195,200	$188,583	98
Park Brook	2	$229,250	$207,500	165
Park Ridge	4	$182,325	$169,625	131
North Ridge	4	$196,200	$185,350	38
Total across the board	37		$264,597	103

Information per CMLS 11/18/2010, accurate but not guaranteed.

The sale price has gone up across the board mainly because of the increase of units going on the MLS at Timber Oaks, Danbury’s newest townhome communities. In smaller communities, the sale of a couple distress properties or units that are smaller than the others can have a major impact on the average sales price.

About Condo Communities in central areas of Danbury:

Set along the Danbury/Bethel line, Timber Oaks offers 2 & 3 bedroom townhomes and duplex models. FHA approved, this new townhome community is almost sold out and there are a few resale units available to purchase from the earlier phases. Come see why makes Timber Oaks stand out in today’s competitive condo market in Danbury!

Barclay Commons condos sits off of East Hayestown Road, just beyond the North Street shopping corridor. Uniquely styled townhomes plus a peaceful reflecting pond keeps Barclay Commons are one of the top choices in today’s market for upscale townhomes.

Lakewood, Park Brook & Park Ridge condos are FHA approved communties, each with a resident’s pool & playground. There are single & multi level level units available to choose from.

With the wide variety of inventory to choose from, there are condos in the central area of Danbury for everyone ranging from empty nesters to first time buyers. The real estate market is very stable, in terms of pricing & number of sold homes. Interested in townhomes in Danbury,CT please contact me or call 203-417-0523.

This real estate information is collected from a number of sources by Jonathan Hall, Realtor & Internet Marketing Specialist with William Pitt Sotheby’s International Realty in Danbury,CT.

Visit Jonathan online: www.danburycthomes.com or www.danbury-condos.com

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Posted by Jonathan Hall on November 22nd, 2010 7:37 PM

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