Fairfield CT Real Estate Market Report Week of November 26, 2012

FAIRFIELD CT HOMES: There are currently 304 homes that are actively on the market, and the median list price in Fairfield remains at $799,000. These homes have been available an average of 137 days, with  an *average cumulative market time of 243 days, and are listed at an average price of $1,334,529. The highest priced home for sale in town is listed at $12,900,000 and the lowest priced available single family home is $166,500.

Five new listings came on the market in the past seven days, and seven homes came back on the market after being under deposit. There were eight properties that had a price change. Twelve properties have gone under the initial deposit stage, which we call CTS, and 11 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 $499,836.


TOWNWIDE DEPOSITS:  There are 23 homes currently in CTS status, and an additional 73 properties that are scheduled to close with an average price of $707,557.

CLOSINGS:  Nine properties were reported as sold this past week, and they had an average list price of $720,289 with an average market time of 114 days. There were  80 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 34 condos that are available is $464,700.  These properties have been listed an average of 140 days, with a cumulative market time of 194 days, and have an average price of $461,088. The highest list price for a condo in town is $799,000 and the lowest priced condominium available is $164,500.

No new listings came on the market this week, and no homes came back on the market after being under deposit. Two properties had a price change. In the last week, no property went into CTS status, and no properties  went into pending status, and was listed at $220,000.

TOWNWIDE DEPOSITS: There are two properties in the  initial stage of deposit, and an additional 12 properties scheduled to close, and their average price is $473,109.

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

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 68 homes or apartments available. The median monthly price is $2,500 and the average price is $3,865 per month. These year round rental opportunities have been on the market an average of 83 days.

There are 15 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 163 days, and at an average price of $7,223.  The median price of both furnished and unfurnished seasonal rentals is $4,900. 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.

The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Southport?  Contact us!

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

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