Fairfield CT Real Estate Weekly Report week of January 10, 2012

FAIRFIELD CT HOMES:  Expect more homes to be coming on the market in the coming weeks. There are currently 370 homes that are actively on the market. The median list price in Fairfield is $539,375, and these homes have been available an average of  143 days. These properties are listed at an average price of $1,176,014. The highest priced home for sale in town is listed at $25,500,000 and the lowest priced available single family home is $129,000.

Twenty three new listings came on the market this week, which is more than twice the amount that came on the week before. Three homes came back on the market after being under deposit. There were 14 properties that had a price change. Six properties have gone under the initial deposit stage, which we call CTS, and eight properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

TOWNWIDE PENDINGS: There are 41 properties scheduled to close, and their average price is $769,719.

CLOSINGS: Six properties were reported as sold this past  week, and they had an average list price of $632,233 and were on the market an average of 72 days. There were 83 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 50 condos that are available is $404,950. These properties have been  listed an average of 123 days, and have an average price of $525,866. The highest list price for a condo in town is $1,487,500 and the lowest priced condominium available is $105,900.

Five new listings came on the market this week, and no homes  came back on the market after being under deposit. One property had a price change. In the last week, two properties went into CTS status,  and three properties went into pending status.

TOWNWIDE PENDINGS: There are ten properties scheduled to close, and their average price is $373,230.

CLOSINGS: Three properties were reported as closed in the last week and were listed on average at $307,633. There were 18 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 116 homes or apartments available. The median monthly price is $2,012 and the average price is $3,389 per month. These year round rental opportunities have been on the market an average of 71 days.

There are five seasonal or summer rentals  available throughout Fairfield that have been on the market an average of 210 days, and at an average price of $14,640. The median  price of both furnished and unfurnished seasonal rentals is $3,350. Please note that seasonal rental prices are sometimes listed as an aggregate price for the season, or they can be listed as per the monthly rental cost.

Seven Year Annual Fairfield Real Estate Market Recap

2012 Fairfield Real Estate Forecast, Advice and 2011 Recap

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.

If you have a question about buying or selling Real Estate in Southport, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy