Fairfield CT Real Estate Market Weekly Statistics Report - July 5, 2011

FAIRFIELD CT HOMES: The median list price in Fairfield is fairly steady at  $584,500.  As of this morning, there is a three percent drop in inventory from last week, and  494 homes are actively on the market. They have been available an average of  96 days and are listed at an average price of $1,217,228.

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.

11 new  listings came on the market this week, and one home came back on the market after being under deposit.  There were 11 properties that had a price change. 9 properties have gone under the initial deposit stage, which we call CTS, and 14 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.  The deposits look a bit slower this week, although still very good. CLOSINGS: 28 properties sold this past  week, and they had an average price of $736,939.  and  were on the market an average of 81 days. There were 104 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is $341,700, which is a three percent drop from last week. N concerns unless it continues. The  87 condominiums that are available have been  listed an average of 84 days, and have an average price of $469,989. The highest list price for a condo in town is $1,075,110 and the lowest priced condominium available is $189,900.

One new listing came on the market this week,  and one home came back on the market. Three properties had a price change. In the last week,  one property went into CTS status,  and three properties went into pending status. One property closed in the last week and was listed at $356,000. It was on the market for 71 days. There were 15 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 117 homes or apartments available. The median monthly price is $2,337 and the average price is $3,966 per month. These year round rental opportunities have been on the market an average of 52 days.

There are 17 seasonal or summer rentals  available throughout Fairfield that have been on the market an average of 79 days, and at an average price of $12,490. The median  price of both furnished and unfurnished seasonal rentals is $5,750.