Fairfield CT Real Estate Market Statistics Report 5/10/11

FAIRFIELD CT HOMES: The median list price in Fairfield remains steady at  $549,950.  As of this morning, there are 486 homes actively on the market for  98 days and are listed at an average price of $1,073,441.  Twenty-one  new listings came on the market this week, and four homes came back on the market after being under deposit.  There were 15 properties that had a price change. 26 properties have gone under the initial deposit stage, which we call CTS, and 12 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close- and the total properties under deposit are right on par with last week's activity. CLOSINGS: 14 properties sold this past  week, and they had an average price of $602,964, and  were on the market an average of 112 days. There were 115 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is $360,000, . The  86 condominiums that are available  have been  listed an average of 92 days, and have an average price of $467,902. I am watching the condo market here closely which seems to be just slightly temperamental. Two new listings came on the market this week,  and no homes  came back on the market. Nine properties had a price change. In the last week,  two properties went into CTS status,  and four  properties went into pending status. One property closed in the last week that was listed at $219,900 and was on the market for 244 days. There were 19 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 105 homes or apartments available. The median monthly price is $1,925 and the average price is $3,319 per month. These year round rental opportunities have been on the market an average of 51 days.

Not too many seasonal rentals left around this time of year- there are still 21  available throughout Fairfield that have been on the market an average of 50 days, and at an average price of $9,971. The median  price of both furnished and unfurnished seasonal rentals is  $4,250.

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

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