Homes for Sale in Danbury
Homes for Sale in Danbury, Connecticut
Located in the rolling foothills of southwestern Connecticut, the historic city of Danbury is a tight-knit community of proud residents. Danbury is the seventh largest city in Connecticut and is adjacent to the Still River in the Berkshire Hills in Fairfield County, bordering the Candlewood Lake resort area. Danbury is near the metropolitan area of Bridgeport and is home to over 79,000 people. Danbury provides a thriving business center, excellent schools, a host of leisure activities, and is home to Western Connecticut State University. Danbury offers an assortment of real estate within the area; single-family homes can be found in golf course communities and in suburban areas, along with waterfront condominiums and townhouses in college towns and retirement communities.
Area residents come together frequently for cultural and recreational events, including the Summertime Festival, the Straits Carnival, the annual Summer Concert Series and Halloween on the Green. Metro North Railroad provides train service that is less than an hour to the endless amenities and entertainment options in New York City and also connects to Amtrak service in Stamford.
This community is known for its manufacturing, trade and service industries and maintains a very strong financial condition. Some of the products of the businesses in the area include optical equipment, pharmaceuticals and machinery. The corporate headquarters for Ethan Allen International, a major furniture manufacturer and retailer, also makes its home in Danbury.
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Danbury, CT Real Estate Market: Price Range of Danbury Houses for Sale
Danbury's real estate market is made up of charming neighborhoods with a variety of styles including many historic Cape Cod, Colonial and Victorian homes. Offering the best of city living, Danbury has an assortment of real estate properties for every buyer. Investment properties such as apartments or homes in new home subdivisions and gated communities only provide a slice of the many options Danbury offers.
Condominiums and townhouses can be found in Danbury in the $100,000s to $700,000s. Sconset Park, a luxury planned community development built in 2006 offers 15 free-standing luxury single family single home condominiums from $1 million and up. Another luxury condominium located on Candlewood Lake is Crystal Bay, which offers lovely homes ranging in price from the mid-$500,000s to the low $800,000s. Single-family properties in planned communities start in the $200,000s and can run up to $2 million for large estate homes with lakefront views and amenities such as swimming pools and acreage. Parcels of land set in rural areas are also available for purchase throughout the area, as are ranch properties.
Danbury Real Estate Stats and Trends for the week of April 17th, 2020: homes priced around $329,605 compared to $329,605 the previous week, to remain steady with no change in listing price. For Friday, April 17th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.