Connecticut Condo Sales Are On The Move

The real estate market in the Northeast continues to rise. August 2014 over August 2013 shows the average Real Estate sales price in Connecticut increasing by 2.8%. The Danbury Condominium market specifically, has seen significant growth. The average list price has increased 7.7% with the average sales price increasing by 11.2% and market time has been reduced by 28.6% meaning Danbury condominiums are selling significantly faster and at a greater cost per square foot over last year. Buyers are feeling a sense of greater stability in the economic recovery and are taking advantage of today’s continued low interest rates and are moving forward with purchasing a home before rates and prices continue to rise.

by The McCarthy Group

Content Partner: The McCarthy Group

Evidenced by a new condominium community success story in the Danbury market this year, Ridgeview Commons, is a newly constructed pocket community of 20 Townhomes located just over the New York border in the foothills of the Berkshires. In 8 short months, they have already sold 12 townhomes. Buyers have been attracted to the spacious open floor plans, 9’ ceilings, hardwood flooring, eat in kitchens with granite counters and stainless appliances and walk-out lower level family rooms in addition to three generous bedrooms and two and a half baths. Conveniently located just one minute from exit 5 off Interstate 84 and boasting luxury amenities with affordable pricing starting at $339,900, these townhomes are proving themselves to be a NY commuter’s paradise.

In speaking with the buyers at Ridgeview Commons, they have pointed out that with the increasing cost of rent and todays affordable interest rates that owning a home was the right option in todays market.

The Townhomes at Ridgeview Commons are being constructed by Tony Lucera, of Contracting Advisors Group, LLC. Mr. Lucera is also currently building two other successful communities in the greater Danbury area, Riverview at Brookfield, which is currently in its final phase of construction as well as T he Woods at Dunham Pond, an active adult community located in New Fairfield. After only a few short months of construction, he has already sold 50% of this new product offering.

In discussing the success of Ridgeview Commons with Mr. Lucera, he stated, “We sold 17 townhomes with the same floor plan in Danbury last year at Lakeside Townhomes, the floor plan and offering was in such high demand in the market that we knew we had to replicate it in another community.” The success of Ridgeview Commons proves Mr. Lucera was correct, with only 8 townhomes remaining, this offering won’t last long. “The new construction market has rebounded nationally and we are glad to be a part of the economic rebound” said Mr. Lucera. For more information on any of these communities, please contact The McCarthy Group at 203-796-7709 or visit their website.