Condo Prices and Sales in Danbury, CT
January 2015 – January 2016
Real Estate data for Danbury, CT provided by Olga Simoncelli,
Broker-Owner of Veritas Prime Real Estate.
During the period of January 2015 to January 2016 a total of 376 condominium units changed hands in Danbury, CT. That high number attests to the multitude of condo complexes in the city of Danbury. They are scattered throughout the city and in addition to the location, these condo’s vary in age, size as well as pricing. There is something for everyone.
The lowest-priced condo that sold in Danbury last year was a 1 Bedroom, 1 Bath, 500 square foot unit built in 1984 that had sustained major water damage. It sold for $26,000, which was actually above the asking price.
The highest-priced unit that sold in the same time frame was a brand new 8-room, 3 Bedroom townhouse in one of Danbury’s newest luxury condo complexes, the Rivington. It should be noted that this unit sold nearly $130,000 over the listed price, although some of that is probably attributable to custom upgrades as the apartment was being completed. The final price was $706,945, which puts its cost per square foot at a hefty $285.00.
The average price of all units sold in Danbury last year was $221K and the median price was $195K.
The average time on the market was 111 days, or just over
three-and-a-half months.
The average discount was an amazingly low 2%, which means that sellers negotiated away only 2% of their asking price and as noted above, some sales were over the list price.
At present, there are 137 condo’s on the market in Danbury, CT.
The units range in price from $65,000 to $649,000. Again – something for everyone!
The city of Danbury is affordable for first-time property buyers, young professionals, young families, retirees or vacation home buyers.
