New Milford, CT - February, 2011 Real Estate Market Report

By
Real Estate Broker with Fab Real Estate

New Milford, Connecticut Real Estate Update 
February, 2011

Closed home sales in New Milford, Connecticut: 

Single Family Homes: 
There were 7 single family home sales closed in New Milford, CT. 

The median closed real estate sales price for single family homes in New Milford was $319,000. 
On average, these homes sold for 97% of their final list price. 

Days on Market averaged 261 days of market time. 

 NOTE:  19% of these closes sales were either bank-owned foreclosure sales or pre-foreclosure short sales.

 

This compares to91 single family homes closed in this month last year, with a median closed sales price of $240,000.

 

Condos: 
There were 3 condominium sales closed in New Milford, CT.

The median closed real estate sales price for condos in New Milford was $188,500.

This compares to 3 condos closed in this month last year, with a median closed sales price of $120,000.


New Milford CT Median Sales Prices

 

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 257 single family homes for sale in New Milford, CT.
List Prices range from $57,900 for a small bank-owned home to $5,900,000 for am expansive home on more than 75 acres.

Condos:
Currently, there are 70 condos available for sale in New Milford, CT.
List prices range from $55,000 to $659,900.


New Milford, Connecticut, is the southernmost town in Litchfield County and is known as The Gateway to Litchfield County. The town borders the northeastern shores of Candlewood Lake. Several lake communities surround its Candlewood Lake shores, and typically offer a private beach for residents, boat docks and other amenities. New Milford enjoys a population of about 28,000 residents.

 

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate Broker
203.947-1107
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

 

 

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Topic:
Real Estate Market Trends
Location:
Connecticut Litchfield County New Milford
Tags:
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market conditions

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