Fairfield CT Real Estate Weekly Market Update November 15, 2011

FAIRFIELD CT HOMES:  A seasonal dip in inventory is evident with 475 homes that are actively on the market. The median list price in Fairfield is $543,000, and they have been available an average of  121 days These properties are listed at an average price of $1,201,018. The highest priced home for sale in town is listed at $25,500,000 and the lowest priced available single family home is $129,000.

Thirteen new listings came on the market this week, and no homes came back on the market after being under deposit.  There were 21 properties that had a price change. Thirteen properties have gone under the initial deposit stage, which we call CTS, and eight properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Average list price on those pending properties was $673,938 and their average market time  was 116 days.

TOWNWIDE PENDINGS: There are 47 properties scheduled to close, and their average price is $639,065. Their average market time was 136 days.

CLOSINGS: Six properties were reported as sold this past  week, and they had an average list price of $394,950  and were on the market an average of  123 days. There were 123 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 65 condominiums that are available in Fairfield is $377,900. These properties have been  listed an average of  108 days, and have an average price of $501,291. The highest list price for a condo in town is $1,487,500 and the lowest priced condominium available is $144,900.

One new listing came on the market this week,  and no homes  came back on the market after being under deposit. Three properties had a price change. In the last week, no properties went into CTS status,  and three properties went into pending status.

TOWNWIDE PENDINGS: There are 14 properties scheduled to close, and their average price is $356,778. Their average market time was 144 days.

CLOSINGS: Four properties were reported as closed in the last week and their average list price was $416,725 and they were on the market and average of 187 days. There were 14 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, and there are 122 homes or apartments available. The median monthly price is $1,875 and the average price is $3,242 per month. These year round rental opportunities have been on the market an average of 63 days.

There are four seasonal or summer rentals  available throughout Fairfield that have been on the market an average of  197 days, and at an average price of $13,675. The median  price of both furnished and unfurnished seasonal rentals is $3,350.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included.

If you have a question about buying or selling Real Estate in Fairfield, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy