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What's selling in Roxbury, CT? October 2011 Real Estate Market Report

Roxbury CT Real EstateHow is the real estate market in Roxbury, Connecticut? Slower than most people would like, but things are selling. Let's take a look and see what is going on in Roxbury, CT.

As of November 11, 2011, there are 64 single family homes actively for sale.

Average list price is $1,368,555, average days on market is at 220 days.

Of these 64 active single family homes, only 1 is under deposit. This is a short sale, listed at $299,900.

There is one foreclosure listed in Roxbury, CT for sale. Asking price is $2,420,500. This is a 8,367 square foot home on 14 acres, custom built, many "bells and whistles". 

Currently the lowest priced home for sale in Roxbury, CT is $200,000, a small antique, right in the center of Roxbury. This house is a landmark and is on the National Registry of Historic Homes. Once a hat shop and a doctors office, is has been renovated over time and is a sweet home now.

The highest price home for sale is listed at $4,800,000. This is an amazing contemporary on 9 acres. There are walls of glass looking out over the Roxbury countryside, very retro looking and different. This is a horse property complete with barns. A truly amazing property for a very discriminating buyer!

There are no homes listed in the "pending sale" status at this time.

In October 2011, 3 homes sold in Roxbury, CT. The average list price was $646,000, the average sale price was $573,333, average days on market, 296 days. Things are looking up from last October!

In October of 2010 only 1 home sold, it was listed for $350,000 and sold for $285,000.

Let's look back a little further.

From May 1 thru October 31 (6 months) of 2011, 14 homes sold in Roxbury, CT. (I brought the buyer for one of them, and just closed yesterday on another home in Roxbury, which will show up on the next market report I do!)

Average list price: $849,457, average sale price: $739,957, average days on market: 252.

For the same 6 month period of time in 2010, 12 homes sold in Roxbury.

The average list price: $1,067,700, average sale price: $992,500, average days on market: 132.

Sales are up by 2, prices are down, average days on market are up. What does all this mean?

Roxbury, CT is mostly a second home luxury market. There are some full time residents, but the majority of home owners are not full time residents. The big pull for Roxbury is the beautiful countryside, the quite and private lifestyle Roxbury affords some of its better known home owners and its proximity to New York City. The upside for anyone looking to purchase a home in Roxbury, CT right now, there are some beautiful homes on the market, and the average price is down a bit from last year. The downside is for those trying to sell their home. If we look at the current absorbtion rate, it will take 27 weeks to sell the current inventory. Price it well, watch your competition like a hawk, market the heck out of it and wait for the buyer!

A bit of information about Roxbury, Connecticut. The most recent survey shows a population of 2,136, an average age of 44. There are 1.018 total housesolds in Roxbury, with 599 being full time residents. The median income for Roxbury Connecticut is $97,672 (the median income for the U.S. is $50,046). Roxbury is 26.23 square miles, and is located in southern Litchfield County, bordering Bridgewater, New Milford, Washington, Woodbury and Southbury. Beautiful at any time of the year, and well worth a trip up to see what Roxbury, CT is all about!

Search homes for sale in Roxbury, CT.

Beautiful renovated barn for sale on 9 magical acres in Roxbury, CT, $1,200,000.



Information deeded reliable, statistics gathered from Greater Fairfield County Multiple Listing Service.


 

Swiedler & Adams

Andrea Swiedler, Realtor® & Liddy Adams, GRI, Broker Associate

Cell: 203.460.1775  Email: andrea@andreaswiedler.com 

Swiedler & Adams, we know real estate!

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Comments

Wow your post paints an interesting picture of Roxbury.  I had no idea it had so many high priced homes.  Do you need a skilled and accessible mortgage banker?  I am a jumbo loan specialist and would be pleased to assist you!

Posted by Connecticut Home Mortgage 6 months ago

Jeff, I will keep you in mind. Yes, Roxbury is certainly a high end market. And it is beautiful!

Posted by Andrea Swiedler - Swiedler & Adams - New Milford, Litchfield CT Real Estate (Prudential Connecticut Realty, Litchfield County Real Estate) 6 months ago

Hi Andrea,

 

Great information!

 

Dan

Posted by Dan Ianniello 6 months ago

Well, if it isn't Dan the Mortgage Man! Thanks for stopping by!

Posted by Andrea Swiedler - Swiedler & Adams - New Milford, Litchfield CT Real Estate (Prudential Connecticut Realty, Litchfield County Real Estate) 6 months ago

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