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Average Sale Price For Single-Family Home Falls 12.9% In Danbury

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DANBURY AND RIDGEFIELD, Conn. -- Average sale prices for homes in Ridgefield and Danbury declined appreciably in the past 12 months, according to recently released third quarter real estate reports.

The average sale price for a single-family home in Danbury fell 12.9 percent, according to figures in a report from Berkshire Hathaway HomeServices New England Properties. The average sale price fell 9.8 percent in Ridgefield for the period from the end of the third quarter in 2013. A third quarter report from William Pitt Sotheby's International Realty is also online .

Danbury saw a 5.1 increase in the sale of single-family homes compared to the third quarter of 2013 and the average days on market declined by 11 percent. The median sale price also fell, to $265,000. For Danbury condos, the median sale price climbed 19.2 percent to $250,000.

The median sale price for a single-family home fell  13.7 percent in Ridgefield. Condos in Ridgefield also dipped in price. The average sales price fell 16.9 percent in the past year to $301,900 and the median price fell 31 percent to $249,000.

The housing slumps in both communities reflected a countywide trend. Home sales declined 9 percent overall in Fairfield County in the third quarter and are down 7 percent for the year. The median sale price was down 2 percent across the county, compared to the end of the third quarter in 2013 and the 12-month median sale price rose just 1 percent.

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