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Home sales in New Milford, CT, Real Estate Market Watch for February 2010 in New Milford, CT.

March 6, 2010

Home sales in New Milford, CT, Real Estate Market Watch for February 2010 in New Milford, CT.

Currently in New Milford, CT there are 228 single family homes on the market. 4 of these are foreclosures.

The average list price is $490,061.

The average market time is 140 days.

Highest price home is $5,900,000, this estate belongs to a famous TV celebrity and spans New Milford and New Preston, CT.

The lowest price is $65,000. It is an antique on a very odd shaped piece of property. The home has deteriorated and might best be served if it were demolished.

Of the 228 single family homes active on the market in New Milford, CT, 19 are under deposit. The average list price of these homes is $390,665, and the average market time is 111 days. None of the homes that are under deposit are foreclosures.

Currently there are 22 homes that are in the pending sale status. The average list price of these homes is $298,116. The average market time for these homes is 131 days. 4 of these homes are foreclosures. (I would like to say that tracking foreclosures only works if the agents list the homes as foreclosures. At this time there is really no reliable way to track short sales, which I am disappointed about.)

 

New Milford CT Real Estate Market

New Milford CT Real Estate Market

Is the market better in New Milford, CT? I think so. Although the number of sales were down from year to year in February, the average sale price is better than January 2010, and certainly better than it was all last year! I know I am busier than I have been, as with others I speak to. I think we will see an increase in the amount of sales for March based on what I see going on.

(Statistical information obtained from Greater Fairfield County “CMLS”. This information is deemed reliable but not necessarily accurate. The statistics obtained are only as good as the agents who input the information, clerical errors and omissions may be present that I am unaware of.)

http://listings.realbird.com/home-search/?rb_id=A5E1D1F8&bq=%5Bitem%20type:housing%5D%5Blocation:@%2206776%22%5D%5Blisting%20type:for%20sale%5D%5Bproperty%20type:single%20family%5D&orderby=modification_time

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