Fairfield CT Real Estate Market Report Week of December 10, 2012

FAIRFIELD CT HOMES: There are currently 271 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 139 days, with  an *average cumulative market time of 240 days, and are listed at an average price of $1,360,748. The highest priced home for sale in town is listed at $12,900,000 and the lowest priced available single family home is $169,000.

Twelve 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 eight properties that had a price change. Nine properties have gone under the initial deposit stage, which we call CTS, and 13 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 $743,571.


TOWNWIDE DEPOSITS:  There are 27 homes currently in CTS status, and an additional 67 properties that are scheduled to close with an average price of $759,472.

CLOSINGS:  Thirteen properties were reported as sold this past week, and they had an average list price of $576,877 with an average market time of 96 days. There were  74 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 30 condos that are available is $464,700.  These properties have been listed an average of 147 days, with a cumulative market time of 208 days, and have an average price of $464,866. The highest list price for a condo in town is $799,000 and the lowest priced condominium available is $163,888.

No new listings came on the market this week, and no homes came back on the market after being under deposit. Three properties had a price change. In the last week, four properties went into CTS status, and two properties  went into pending status, with an average list prie of $346,500.

TOWNWIDE DEPOSITS: There are four properties in the  initial stage of deposit, and an additional 10 properties scheduled to close, and their average price is $443,220.

CLOSINGS: Three properties were reported as closed in the last week, and were listed on average at 4589,703. There were 12 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 65 homes or apartments available. The median monthly price is $2,400 and the average price is $3,688 per month. These year round rental opportunities have been on the market an average of 76 days.

There are 16 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 161 days, and at an average price of $6,981.  The median price of both furnished and unfurnished seasonal rentals is $4,700. 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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