Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors®. While this is great news nationally, Connecticut home buyers and sellers are seeing a slow, but steady gain in activity in the housing market.
Existing-home sales - including single-family, townhomes, condominiums and co-ops - jumped 9.4 percent to a seasonally adjusted annual rate1 of 5.57 million units in September from a level of 5.09 million in August, and are 9.2 percent higher than the 5.10 million-unit pace in September 2008. Sales activity is at the highest level in over two years, since it hit 5.73 million in July 2007.
In the first eight months of 2009, the median price in the Danbury market declined 10.9% from $337,000 in 2008 to $300,000 in 2009. The average sold price in 2009 is just slightly ahead of the median at $316,000. The good news is that active inventory declined from 336 the end of July to 323 the end of August leaving Danbury with just about a one year supply of inventory.
The HomeVision Group's activity has outpaced the market in 2009 more than doubling our successful sales for our clients compared to 2008 which proves that now, more than ever, experience counts! If you are looking to buy or sell a house, we would love to help you realize your goals!
Call us at 203.438.4066 if you would like to get started or if you have questions or visit our website at http://CT-NYRealEstate.com to search for homes and register for our Free Automated Update service.
ZIP Codes: 06810, 06811 Location Characteristics: Danbury CT
Danbury is a great place to live, work and play. The City of Danbury maintains a very strong financial condition. Danbury as the 7th largest city in Connecticut is in the unique position of managing a surplus and maintaining a high level of services. Our 2008-2009 mill rate is 21.35. We have retained our AA rating from Moody's Investors Services and Standard and Poor's rating companies as a sign of that strength.
And, we are planning and making necessary improvements to insure proper economic growth and stability so Danbury can serve as the hub of the entire Western Connecticut region. Capital projects for road improvements, comprehensive revitalization efforts of our CityCenter and inner city neighborhoods, and our continued crusade against drugs are among the many programs being implemented.
We share great pride in our City. We respect the rights and honor the accomplishments of our neighbors -- individuals and families -- from the youngest to the most senior citizens.
Governor Morgan Bulkeley, on April 19, 1889, signed the document making the City of Danbury official, plans were almost immediately initiated to draft a city seal. Alderman James Walsh made the suggestion in May of that year and Henry Hoyt, a member of the committee, came up with the design.
A locomotive, depicting the railroad line established in 1852 is shown on the left side of the shield within the outer ring. On the right side is a stand of elm trees, in reference to Elmwood Park, and below the trees is water, symbolizing the flood caused by the breaking of the Kohanza Reservoir dam in 1869. A derby hat, symbolizing the City's hat manufacturing industry, is in the upper right hand corner of the shield. In the lower left is the Wooster Monument.
There are two references on the seal to the British burning of Danbury in 1777. The central motto, on a diagonal band which divides the seal, is "Restituimus" or "We have Restored". Underscoring this point, atop the shield, is a phoenix rising from a fiery crown. The bird has in its beak a second motto, "Perege Modo", translated from the Latin as "Ever Onward" or Let Us Go Forward".
The outer circle has the words "Seal of the City of Danbury, incorporated 1889".
About The HomeVision Group:
The HomeVision Group had more than doubled its sales in 2009 compared to 2009. How did we do that? We recognized that we're in a new market and whatr used to work simply doesn't get the same results today. We are not waiting for the market to "get better," but are actively taking steps to find buyers for your home every day. The results: lots of happy sellers AND buyers! When you're ready for dynamic real estate service, call The HomeVision Group, Debi Orr & Steve Scott.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
