Fairfield CT Real Estate Market Weekly Update January 3, 2012

FAIRFIELD CT HOMES:  Inventory dropped TEN percent since just last week, and there are currently 363 homes that are actively on the market. The median list price in Fairfield is $537,500, and these homes have been available an average of  146 days. These properties are listed at an average price of $1,187,736. 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.

Eleven new listings came on the market this week, and three homes came back on the market after being under deposit. There were three properties that had a price change. Six properties have gone under the initial deposit stage, which we call CTS, and oneproperty 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 $770,585.

CLOSINGS: Three properties were reported as sold this past  week, and they had an average list price of $389,933 and were on the market an average of 67 days. There were 88 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 47 condos that are available is $402,000. These properties have been  listed an average of 136 days, and have an average price of $535,052. The highest list price for a condo in town is $1,487,500 and the lowest priced condominium available is $105,900.

No 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, no property went into CTS status,  and two properties went into pending status.

TOWNWIDE PENDINGS: There are 11 properties scheduled to close, and their average price is $361,845.

CLOSINGS: One property was reported as closed in the last week and was listed at $175,000 . There were 18 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 106 homes or apartments available. The median monthly price is $1,962 and the average price is $3,447 per month. These year round rental opportunities have been on the market an average of 72 days.

There are five seasonal or summer rentals  available throughout Fairfield that have been on the market an average of 203 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