Fairfield CT Real Estate Market Weekly Statistics Report - July 19, 2011

FAIRFIELD CT HOMES: It's a nice steady pace in Fairfield! The median list price in Fairfield remains nearly steady at  $575,000.  As of this morning, there are 497 homes actively on the market. They have been available an average of  101 days and are listed at an average price of $1,224,477. The highest priced home for sale in town is listed at $25,500,000 and the lowest priced available single family home is $160,000.

18 new  listings came on the market this week, and no homes came back on the market after being under deposit.  There were 15  properties that had a price change. 11 properties have gone under the initial deposit stage, which we call CTS, and 20 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 $509,794  and  were on the market an average of just 74 days. There were 100 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is $366,950. The  84 condominiums that are available have been  listed an average of  94 days, and have an average price of $474,196. The highest list price for a condo in town is $1,075,110 and the lowest priced condominium available is $189,900.

Two new listings came on the market this week,  and no homes came back on the market. Two properties had a price change. In the last week,  three  properties went into CTS status,  and four properties went into pending status. One property closed in the last week, and was listed at $696,819. It was on the market for 115 days.  There were 13 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 123 homes or apartments available. The median monthly price is $2,150 and the average price is $3,734 per month. These year round rental opportunities have been on the market an average of 51 days.

There are 13 seasonal or summer rentals  available throughout Fairfield that have been on the market an average of  88 days, and at an average price of $13,300. The median  price of both furnished and unfurnished seasonal rentals is $4,750.

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