Has anyone had problems selling condos in the Timber Oak condominium complex in Danbury CT?
Hi Bingo, Currently in Danbury there are over 70 mid priced condos ($300-500k) on the market, which equates to about 19 months of inventory, which is obviously very high. In the first quarter of this year, on average, the condos in this range that sold went for 94% of the asking price, while the lower-middle segment was selling for 97% of asking price. Of course each property is different because of factors like condition, curb appeal, location within the complex as well as seller motivation, but this should give you a general guideline. Below I posted a link to a list of all of the units at Timber Oaks posted on MLS that are currently sale pending and the ones that sold. This list is probably only partial because the builder is conducting direct sales and also private sales are not included either. If you need additional info, let me know.
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