New Milford CT Market Watch, September, October 2009

New Milford Connecticut Market Watch, Real Estate Statistics for New Milford CT.
Current Activity in New Milford CT:

Active Single Family Home Listings
249 homes
Average List Price: $491,875, Minimum Price: $65,000, Maximum Price: $5,900,0000
Average Market Time
151 days
Homes Under Deposit
13 homes
Average List Price: $333,692, Minimum Price: $179,000, Maximum Price: $569,900
Average Market Time
106 days
Homes in Pending Sale Status
17 homes
Average List Price: $352,906, Minimum Price: $79,200, Maximum Price: $1,475,000
Average Market Time
110 days

Although the following statistics say that the average sale price has continued to drop, we are seeing more activity as evidenced by the home that are currently in the "under deposit" and "pending" status. Most of the activity that agents have noted is the first time home buyer market. Pricing well is KEY, as well as preparing a home to enter the market! We are seeing an increase in foreclosures and short sales, we are a bit behind other parts of the country with this. I am thinking we have only just begun in this aspect.

September 2008/September 2009 Sales, New Milford, CT

October 2008/October 2009 Sales, New Milford, CT

Information is deemed reliable but not necessarily accurate, all statistics are gathered from the Greater Fairfield County Multiple Listing Service. (CMLS).

Andrea Swiedler, REALTOR, Prudential Adams & Associates, REALTORS

337 Danbury Rd, New Milford, CT 06776, Cell: 203.460.1775 Email: andrea@andreaswiedler.com

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Real Estate Snapshot, Week in Review May 2, 09.

Single Family Homes

We are still seeing signs of improvement!

There are currently 273 active single family home listings in New Milford, CT. That is down 1 listing from last week. Lowest price: $100,000, average list price: $488,298, average days on market, 127. Highest price: $6,500,000. Out of these, 21 are under deposit, that is down 1 from last week, lowest price $100,00, highest price $550,000. Average list price: $328,324, Average market time: 103 days. (Days on market still coming down!)

There are currently 18 homes that are pending, 9 more than last week. Lowest price: $179,900, highest price: $629,900. Average list price: $317,197. Average market time: 130 days.

3 homes are showing as sold, same for the third week in a row. Average List price $419.933, average sale price: $399,500, average market time, 113 days.

Condominiums

There are currently 77 active condo listings in New Milford, CT, this is 11 more than last week. Lowest price: $62,900. Highest price: $532,900. Average market time, 170 days.

Out of these, 7 are under deposit, same as the last 2 weeks, lowest price $98,700, highest price $169,000. The average list price: $146,800, average market time: 63 days. The days on market have dropped significantly!

There are currently 12 condos that are pending, up 1 from last week. Lowest price: $89,000, highest price: $400,000. The average list price of these is $173,117. Average market time: 119 days.

3 condos are showing as sold. Average list price: $151,633. Average sale price: $146,000, market time was 91 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.