Fairfield CT Real Estate Market Weekly Report January 24, 2012

FAIRFIELD CT HOMES: Expect more homes to be coming on the market in the coming weeks. There are currently 396 homes that are actively on the market. The median list price in Fairfield is $537,450, and these homes have been available an average of 136 days. These properties are listed at an average price of $1,204,338. 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.

Mirroring the last few weeks inventory change, twenty four new listings came on the market in the past seven days. Five homes came back on the market after being under deposit. There were 13 properties that had a price change. Nine properties have gone under the initial deposit stage, which we call CTS, and four properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

TOWNWIDE PENDINGS: There are 45 properties scheduled to close, and their average price is $723,064.

CLOSINGS: Five properties were reported as sold this past week, and they had an average list price of $516,588 and were on the market an average of 127 days. There were 75 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 55 condos that are available is $387,500. These properties have been listed an average of 127 days, and have an average price of $516,588. The highest list price for a condo in town is $1,487,500 and the lowest priced condominium available is $105,900.

No new listings came on the market this week, and one home came back on the market after being under deposit. One property had a price change. In the last week, one property went into CTS status, and one property went into pending status.

TOWNWIDE PENDINGS: There are nine properties scheduled to close, and their average price is $433,155.

CLOSINGS: No properties were reported as closed in the last week. There were five status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 122 homes or apartments available. The median monthly price is $1,950 and the average price is $3,149 per month. These year round rental opportunities have been on the market an average of 75 days.

There are four seasonal or summer rentals available throughout Fairfield that have been on the market an average of 248 days, and at an average price of $15,500. The median price of both furnished and unfurnished seasonal rentals is $6,500. 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.

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 need a REALTOR, or have a question about buying or selling Real Estate in Fairfield, 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