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New Milford CT Weekly Real Estate Market Update June 6, 09

June 7, 2009

New Milford Market Watch

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.

SINGLE FAMILY    
  W/E 6/6/09 W/E 5/30/09
Active inc. under deposit 303 299
Lowest $ $89,900 $99,900
Highest $ $6,500,000 $6,500,000
Average $ $484,155 $480,640
Av. Days on Market 122 121
     
Under Deposit 18 21
Lowest $ $172,430 $229,000
Highest $ $499,000 $529,900
Average LP $ $337,086 $364,814
Av. Days on Market 110 103
     
Pending 18 16
Lowest $ $149,900 $100,000
Highest $ $550,000 $550,000
Average $ $372,872 $334,287
Av. Days on Market 117 151
     
Sold 3 3
Lowest $ $308,000 $240,000
Highest $ $325,000 $345,000
Average $ $334,900 $309,967
Av. Days on Market 212 83
     

Single Family Sales, May 08 compared to May 09

  May-08 May-09  
SOLD 17 16 -5%
AV LIST PRICE $344,235 $271,503 -21%
AV SALE PRICE $332,676 $253,338 -24%
AV DOM 109 77 -29%

 

CONDOMINIUMS    
  W/E 6/6/09 W/E 5/30/09
Active inc. under deposit 83 80
Lowest $ $59,900 $69,900
Highest $ $539,900 $539,900
Average $ $204,177 $208,705
Av. Days on Market 170 176
     
Under Deposit 5 4
Lowest $ $79,900 $99,900
Highest $ $189,000 $169,900
Average LP $ $139,740 $140,950
Av. Days on Market 105 96
     
Pending 13 15
Lowest $ $62,900 $62,900
Highest $ $400,000 $400,000
Average $ $163,554 $160,940
Av. Days on Market 110 114
     
Sold 0 1
Lowest $   $154,900
Highest $   $154,900
Average $   $154,900
Av. Days on Market   48

Condo Sales, May 08 compared to May 09

  May-08 May-09  
SOLD 5 3 -40%
AV LIST PRICE $176,890 $117,833 -33%
AV SALE PRICE $172,800 $115,300 -33%
AV DOM 113 34 -70%

The information provided 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.

Information obtained from the Greater Fairfield County CMLS. All information deemed to be reliable but not necessarily accurate.

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