Skip to content

Real Estate Snapshot, Week in Review April 24, 09.

April 25, 2009

NM Market Watch New400 red arrow

Single Family Homes

Spring will usually bring out buyers, and I believe we are continuing to see an upward trend. With rates still low and housing prices leveling off, this could be the time to buy!

There are currently 274 active single family home listings in New Milford, CT. That is up 10 listing from last week. Lowest price: $100,000, average list price: $478,678, average days on market, 130. Highest price: $1,995,000. Out of these, 29 are under deposit, that is up by 7 from last week, lowest price $100,00, highest price $629,900. Average list price: $351,359, Average market time: 115 days. (Days on market definitely coming down!)

There are currently 9 homes that are pending, 5 more than last week. Lowest price: $179,900, highest price: $375,000. Average list price: $283,055. Average market time: 149 days.

3 homes are showing as sold, same as last week. Average List price $417,966, average sale price: $401,666, average market time, 199 days.

Condominiums

There are currently 66 active condo listings in New Milford, CT, this is 15 less than the 2 previous weeks. Lowest price: $62,900. Highest price: $539,900. Average market time, 185 days.

Out of these, 7 are under deposit, same as last week, lowest price $98,700, highest price $189,000. The average list price: $146,800, average market time: 85 days.

There are currently 11 condos that are pending, up 9 from last week. Lowest price: $89,000, highest price:$170,000. The average list price of these is $164,527. Average market time: 117 days.

2 condo is showing as sold. Average list price: $174,750. Average sale price: $164,000, market time was 56 days.

The above information is only as good as the agents who list the properties. If the information is not entered into the multiple listing service in a timely manner, or incorrectly this will skew the data. However, I do believe it to be a fairly accurate assessment of the current real estate market in New Milford.

Are you looking to buy or sell in the greater New Milford area? Give me a call at 203.460.1775, sign up for a listingbook account to search the area MLS, or send me an email to andrea@andreaswiedler.com. I would be happy to discuss your options.

Information provided by the Greater Fairfield County CMLS. Information deemed reliable, but not necessarily accurate.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s