Tag Archives: danbury ct townhomes

West Danbury Starter homes

20141107_141058
A ongoing real estate trend in Danbury is that the western part of town is more expensive to purchase or rent homes compared to the rest of the city. One might say there is a so called ‘lack’ of starter homes and apartments if you are in the market for that type of real estate. As the western side of Danbury was devolved later in time compared to the Urban Core and rest of the the city limits, land supply grew close and the town made zoning pretty much 1+ acre lots. Due to the size of the lots and costs associated with construction, the neighborhoods that were developed consist of  larger homes that were were already existing, geared toward move trade up, corporate relocation clients or clients that need larger homes. The trend did continue of the years. There are some pockets of  relativity affordable single family homes where the market values are just under about $300,000 such as the Benson Drive area, Terry Drive, Ward Drive area, Old Lantern area and Saddle Rock,where raised ranch style homes are common. As far condos/townhomes go,  you can find a great unit over at Westwood Village, Kensington Woods, Briar Woods or a smaller unit at Lake Place or Rivington.If none of the options work, or there is limited inventory, you might just have to wait or look further away from New York. Danbury is only 42 square miles of land.

20141107_141252

As far as multifamily dwellings, there are a couple of reasons why they are not around.  Most multi family homes were original homes single families homes on smaller lots in-town that were converted into apartments when families grew and town water/sewer were added. The older homes in the west side where typically on large lots for farming.Though over the years, the land was subdivided but remain on septic and wells. Eventually, zoning rules were put into place which kept multi families basically out.
You would have to look closer to town to find them,such as the far end of Lake Avenue or off of Park Avenue. It’s just the way it is. Newer upscale apartment complexes have been built over the last few years (Crown Point, Willow Grove, Abbey Woods and Mayfair Square) if you are not committed to purchasing. Sometimes single family homes or condos offered by private owners become available to lease.

 20141107_145115

Are you in the market for a home in the western part of Danbury? View current properties on the market, or contact me with your ‘wish list’.

Advertisements

Just Purchased Townhome in Lake Place Danbury CT

182LPS

Jonathan Hall of William Pitt Sotheby’s International Realty’s Greater Danbury Brokerage represented the buyer of this sparkling 2 bedroom luxury townhome. Located at 182 Lake Place South, this quality appointed unit offers main level hardwood floors, an updated eat-in kitchen, a private oversized deck, large bedrooms and an improved lower level. This unit is part of the Lake Place community with awesome amenties, including a private beach, paddle tennis, clubhouse and lakeside pool. In addition to the amenities, the maintenance needs of Lake Place have been recently addressed with new roofs throughout, new windows, skylights, drainage and repaved roads.

Jonathan Hall introduced his clients to this property as they were looking for turnkey living. Due to it’s close proximity to the New York State line, the buyers can easily commute to their jobs in NYC yet live in a high quality 1600+ square foot home in a peaceful suburban setting. Due to Jonathan’s follow through and work ethic, the buyers were able to move in less than 2 months when the sellers accepted their offer.

This was a very in demand property due to condition, location & value, and my clients won out on the multiple offers. If you own a home in the Western  area of Danbury and are considering a move in the future, please contact me.

Your Danbury,CT Area Home Purchase and Commute

Like most people, if you live in the area, you have to work for a living. A great thing about Danbury is that it has the lowest unemployment rate in the state.

IMG_20130817_110644_872 
In Danbury, there are number of large employers, such as Cartus, the Danbury Hospital, Boehringer Ingelheim and more. Within an hour, there are is a lot of employment opportunities at Somers, Stamford, Norwalk, White Plains, Greenwich, Tarrytown, Hartford, and New York City.

Due to the lower costs of real estate and property taxes, the Greater Danbury and Candlewood Lake area is a natural fit for buyers looking for a place to call home.

IMG_20130817_104522_695 How does this effect the real estate market? Because of the large employment base in Danbury as well as as large regional employment centers within commuting distance, there are no wild changes in the economy.  On the national level, the Danbury area is historically the last area effected by a downturn and one of the first areas on the economic growth.  

Typically,the further away from New York City you go, the more affordable homes are due to the increase of time you would spend commuting. However, there are expectations to a rule and as an experienced real estate profession, I can help you navigate the market and help identify the right property for your families needs. There is not a vast amount of inventory in certain price ranges, but there are still some short sales and foreclosure properties.

The real estate market is dynamic. The Danbury area offers all types of the real estate, so the market is not dominated by one type of buyer (such as luxury, second home,etc). It is a fairly good sized market, with people always going in and leaving, yet there is a still large amount of people who have been living in the area for years.

For determing a commute, I always suggest buyers plug in any perspective new address into goggle maps, and with the traffic field, see how long it would take to get their place of employment. There are some local tips and shortcuts to save time for your commute . You can always get a satellite or street view of the neighborhood. If you feel the property is too far away or you don’t like the neighborhood, we don’t have to arrange for a viewing.  Your budget and commute tolerance does determine the type of property that you would be purchasing.

IMG_20130819_102245_436 
Not sure about purchasing or selling your property? Is the right time for you to relocate or relocate out of Greater Danbury? Can you afford to purchase a home or sell your property at today’s prices? If you need assistance in your real estate move , feel free to contact me below.

Jonathan Hall ,Realtor, William Pitt Sotheby’s International Realty- (203)796-7700 | call or text me on my cell phone (203)417-0523
danburyrealestate@gmail.com 
www.danburycthomes.com | www.danbury-condos.com

Great Deals For First Time Buyers~Many Danbury CT Condos For Sale!

Many of the first time buyers that I am working with in Danbury are looking for condos. They choose to look at condos because they don’t have to worry about maintaining the exterior, typically get more square feet compared to similarly priced single family homes, and get to enjoy community amenities.

With a larger supply of units available (currently 130 units under $275,000 per CMLS 2/5/09), there are plenty of units to choose from, so you can be picky on the complex, location in the complex and on the condition of units. In addition to the large supply, historically low interest rates as well as homebuyer tax credit, I would find it hard to resist looking for your first home if you have a stable job & having some funds to put as your down payment.

There are many great buys in some of the sought after complexs, such as Westwood Village, Arrowood, Covered Bridge, Birchwood, Park Ridge & Shepherd Hill.

See all of the Danbury Condos Under $275,000!

Jon

Why You Don’t See For Sale Signs in Condo Communities

Often, I get calls from people saying they went into ‘xyz community’ located here, and they want to know more information about it & wonder what it is for sale. To there surprise, there are several units for sale in some of the luxury townhome communities in Danbury, such as Woodland Hills, Kensington Woods and Arlington Woods.

 

All condo & townhouse communities have restrictions written in to the homeowner’s association rules saying what they can and can’t do with the exterior. One of those things is about ‘for sale’ signs. Almost all of the townhome and condo communities do not allow them because they don’t want those units to stand out from the others. Also, they don’t want people driving around in the communities without a reason to be there (visiting friends or looking at property with an agent).

 

See condos for sale!

 

However, if you do decide to drive in to a complex and want more information on what is for sale or to arrange showings to units for sale, please send me an email.

Danbury Luxury Townhome Statistics 2007/2008

How do these luxury community’s stack up by the numbers?

Community Name 2008 Price Per Sq FT 2007 Price Per Sq FT
Woodland Hills $175 $189
Lexington Mews & Lexington Court $189 $180
Briar Woods $200 $258
Lake Place $201 $201
Sterling Woods $203 $206
Stetson Place $204 $214
Arlington Woods $210 $217
Kensington Woods $222 $231
Average for above: $200.50 $212

This chart below discusses units sold between January 1 & October 24 for each respective year:

Community Name 2008 2007
Sterling Woods 22 25
Woodland Hills 10 10
Kensington Woods 10 9
Stetson Place 9 7
Lexington Mews & Lexington Court 7 8
Lake Place 6 6
Arlington Woods 5 7
Briar Woods 4 6
Total: 73 78

This sales data is for the entire calendar years, however the 2008 data is only up to 10/24/08.

Community Name 2008 High 2008 Low 2008 Average 2007 High 2007 Low 2007 Average
Stetson Place $315,900 $284,900 $303,644 $339,900 $295,000 $317,812
Arlington Woods $331,650 $288,900 $307,510 $375,000 $300,000 $327,866
Briar Woods $350,000 $307,000 $338,000 $405,000 $350,000 $382,014
Kensington Woods $361,500 $300,000 $326,750 $364,000 $324,000 $353,556
Sterling Woods $425,000 $307,500 $342,875 $485,000 $310,000 $366,028
Lake Place $440,000 $290,000 $332,500 $520,000 $300,000 $387,327
Woodland Hills $500,000 $320,000 $380,475 $560,000 $300,000 $451,000
Lexington Mews & Lexington Court $515,000 $381,000 $417,928 $508,000 $374,000 $414,588
Average for above:     $343,710     $374,962

The chart below is the average days for each luxury community from listed to closed. This data does not reflect homes that were listed a few times prior to the listing where the house was sold.

Community Name 2008 2007
Sterling Woods 93 91
Lexington Mews & Lexington Court 99 88
Kensington Woods 121 95
Lake Place 121 113
Woodland Hills 122 101
Arlington Woods 134 90
Briar Woods 152 127
Stetson Place 178 346
Average 127 132

To make sense of this all:

The units in Woodland Hills and Lexington Mews/Court are among the largest in Danbury, so the cost per square feet is the most affordable yet their average sales price is the highest. However, units at Briar Woods, Kensington Woods & Arlington Woods are almost identical in size but the price per square foot varies quite substantially. Lake Place is one of the oldest communities in the above list, yet do outsell & out price some of the newer ones. Kensington Woods is the hot community this year (2008), being so close to New York & Mill Plain Road, with the most sales of communities of its size (under 100 units) and being at the top of the chart for price per square foot.

Real estate is all local. The two communtities near Federal Road (Lexington & Sterling Woods) sell the quickest & in the upper end for prices. Time on the market to sell varied substantially, primarily due to the end of the construction at Briar Woods & near the sell out of Stetson Place where units where listed on the MLS with a long time before they were ready for occupancy (as was the case of 2008 there for a few units). Several of the large units at Woodland Hills & Lake Place were sold in 2007, which account for the substantial decrease on average sales price in each community & effected the average sales price for each year. Demand for these luxury townhomes has not dropped off in 2008 and the time to sell has decreased.

-Jon

This information is per Greater Fairfield County Multiple Listing Service,10/24/08. Information believed to be accurate but not guaranteed.

Search for real estate in any of these communities as well as others!

Affordable Condo Communities in Western Danbury

Enjoy the advantages on the living prestigious west side of Danbury without breaking the bank in any of these condo and townhomes communities. With the prices, you can afford to own, stop making your landlord rich and control your own destiny by investing in your future!

Village square:

Village Square is easily accessible setting near exit 3 of I-84 and Route 7, making it an ideal commuting location for working in Westchester County, New York City , Norwalk or Stamford. 131 units enjoy access to the community pool, playground, tennis courts and club house.Offering 1, 2, and 3 bedroom units. Close to schools, Danbury Fair Mall, corporate offices and downtown Danbury.

Park Avenue Danbury, CT.

Pinewood Circle:

Pinewood Circle is just minutes to exit 3 and exit 4 of I-84, Rt 7 and the mall making it a commuter’s dream.Complete a pool and ample parking, Pinewood Circle’s 54 units benefit from gas heat.

Park Avenue Danbury, CT.

Danbury Mill:

Nestled against a babbling brook, the historic building turned 42 unit complex offers 1 and 2 bedroom units with some original exposed bricks and beams exposed in a west side location minutes to New York State and highways. NY City Style at affordable Danbury Prices!

Oil Mill Road, Danbury CT

Riverwoods:

Built in 2006, the community has 2 bedroom townhomes in a convenient west Danbury spot with low common charges. Some of the 34 units have river views.

Oil Mill Road, Danbury CT

Westville Commons:

Westville Commons is a community of 82 units affordable luxury townhomes on the desirable west side of Danbury. Offering 2 townhome models plus a clubhouse and pool. 

Built in 2005, the community is to be found two minutes from exit 4 on I-84 and just minutes to Richter Golf Course and the Danbury Fair Mall.

Scuppo Rd, Danbury CT.

Driftway Hills:

Set on a private hillside setting on the west side of Danbury is the tight knit Driftway Hills community. One minute to Mill Plain Rd, Driftway Hill’s location is a dream for New York commuters.

Driftway Rd Danbury,CT.

Seach for affordable condos on the west side of Danbury.