Fairfield CT Real Estate Report Week of September 24, 2012

FAIRFIELD CT HOMES: There are currently 381 homes that are actively on the market, and the median list price in Fairfield is now  at $799,000. These homes have been available an average of 117 days, with  an *average cumulative market time of 243 days, and are listed at an average price of $1,271,869. The highest priced home for sale in town is listed at $12,900,000 and the lowest priced available single family home is $85,900.

Thirty-four new listings came on the market in the past seven days, and two homes came back on the market after being under deposit. There were 24 properties that had a price change. Twenty-one properties have gone under the initial deposit stage, which we call CTS, and six properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. They were listed on average at $691,300.

TOWNWIDE DEPOSITS:  There are 46 homes currently in CTS status, and an additional 76 properties that are scheduled to close with an average price of $744,611.

CLOSINGS:  Twenty properties were reported as sold this past week, and they had an average list price of $674,785 with an average market time of 89 days. There were 119 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 38 condos that are available is $447,450.  These properties have been listed an average of 142 days, with a cumulative market time of 183 days, and have an average price of $4990,648. The highest list price for a condo in town is $1,075,110 and the lowest priced condominium available is $169,900.

Four new listings came on the market this week, and one home came back on the market after being under deposit. Two properties had a price change. In the last week, three properties went into CTS status, and two properties  went into pending status. They were listed on average at $226,950.

TOWNWIDE DEPOSITS: There are five properties in the  initial stage of deposit, and an additional 11 properties scheduled to close, and their average price is $437,952.

CLOSINGS: Four properties were reported as closed in the last week, and were listed on average at $502,225. There were 16 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 87 homes or apartments available. The median monthly price is $2,650 and the average price is $3,652 per month. These year round rental opportunities have been on the market an average of 62 days.

There are 18 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 152 days, and at an average price of $9,730.  The median price of both furnished and unfurnished seasonal rentals is $4,500. 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.

*Cumulative market time indicates the TOTAL  market time when a home has been listed more than once in short succession.

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.

The Featured Home of the Week is a three bedroom, three bath home on 1.24 acres on  4 Highwood Lane in Westport  for just  $700,000. See the virtual tour HERE

Buying or Selling a Home in Fairfield or Southport?  Contact us!

If you have a question about buying or selling Real Estate in Fairfield or 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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY