Real Estate Market Report for Fairfield CT week of 6/14/2011

FAIRFIELD CT HOMES: The median list price in Fairfield is fairly steady at  $569,925.  As of this morning, there are 504 homes actively on the market for  93 days and are listed at an average price of $1,188,678.

The highest priced home for sale in town is listed at $25,500,000 and the lowest priced available single family home is $169,900.

23 new  listings came on the market this week, and two homes came back on the market after being under deposit.  There were 29 properties that had a price change. 26 properties have gone under the initial deposit stage, which we call CTS, and 25 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: 16 properties sold this past  week, and they had an average price of $673,625.  and  were on the market an average of 135 days. There were 141 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is $351,450. The  90 condominiums that are available  have been  listed an average of 74 days, and have an average price of $465,124. The highest list price for a condo in town is $1,075,110 and the lowest priced condominium available is $169,900.

Four new listings came on the market this week,  including no homes that came back on the market. Seven properties had a price change. In the last week,  three properties went into CTS status,  four properties went into pending status. Two properties closed in the last week that were listed at an average  price of $419,950 and were on the market for 50 days. There were 28 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 120 homes or apartments available. The median monthly price is $2,100 and the average price is $3,563 per month. These year round rental opportunities have been on the market an average of 50 days.

There are 20 seasonal or summer rentals  available throughout Fairfield that have been on the market an average of 61 days, and at an average price of $11,537. The median  price of both furnished and unfurnished seasonal rentals is $6,000.

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