Real Estate Market Report for Fairfield CT week of 6/21/2011

FAIRFIELD CT HOMES: The median list price in Fairfield is fairly steady at  $578,950.  As of this morning, there are 508 homes actively on the market for  93 days and are listed at an average price of $1,207,795.

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.

26 new  listings came on the market this week, and three homes came back on the market after being under deposit.  There were 16 properties that had a price change. 14 properties have gone under the initial deposit stage, which we call CTS, and 15 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: 22 properties sold this past  week, and they had an average price of $657,350.  and  were on the market an average of 75 days. There were 116 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is $350,450. The  92 condominiums that are available  have been  listed an average of 74 days, and have an average price of $466,203. The highest list price for a condo in town is $1,075,110 and the lowest priced condominium available is $169,900.

Six new listings came on the market this week,  including no homes that came back on the market. Five properties had a price change. In the last week,  two properties went into CTS status,  and one property went into pending status. Two properties closed in the last week that were listed at an average  price of $339,900 and were on the market for 132 days. There were 22 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 $3,607 per month. These year round rental opportunities have been on the market an average of 48 days.

There are 20 seasonal or summer rentals  available throughout Fairfield that have been on the market an average of 67 days, and at an average price of $11,537. The median  price of both furnished and unfurnished seasonal rentals is $6,000.

SOUTHPORT CT HOMES: The median list price in Southport is $1,122,000.  As of this morning, there are 66 homes actively on the market for  87 days and are listed at an average price of $2,311,509.

The highest priced home for sale in the Southport area of town is listed at $12,500,000 and the lowest priced available single family home is $350,000. There are 28  four bedroom homes available, and their average list price is $1,692,457, and they have been on the market an average of 78 days. If you are looking for five bedrooms or more, there are 23 homes available in Southport, and their average listing price us $4,095,300. They have been on the market an average of 111 days.

Four  new  listings came on the market this week, and no homes came back on the market after being under deposit.  There were four properties that had a price change. One  property has gone under the initial deposit stage, which we call CTS, and one property went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

CLOSINGS: No single family homes sold this past  week in Southport.  There were 11 status changes in the last seven days.

PLEASE NOTE: Southport statistics include all properties within the 06890 zip code


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