Fairfield CT Real Estate Market Update Week of March 6, 2012

FAIRFIELD CT HOMES: It has been another active week in Fairfield! There are currently 445 homes that are actively on the market, and the median list price in Fairfield is $562,500. These homes have been available an average of 119 days. and are listed at an average price of $1,185,701. The highest priced home for sale in town is listed at $25,500,000 and the lowest priced available single family home is $199,900.

Sixteen new listings came on the market in the past seven days, and five homes came back on the market after being under deposit. There were fourteen properties that had a price change. Ten properties have gone under the initial deposit stage, which we call CTS, and fourteen properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average list price was $634,771.

TOWNWIDE PENDINGS: There are 60 properties scheduled to close, and their average price is $691,598.

CLOSINGS: Seven properties were reported as sold this past week, and they had an average list price of $821,843 and were on the market an average of 193 days. There were  77 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 59 condos that are available is $369,450. These properties have been listed an average of 123 days, and have an average price of $506,108. The highest list price for a condo in town is $2,195,000 and the lowest priced condominium available is $169,000.

Four 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, one property went into CTS status, and no properties went into pending status.

TOWNWIDE PENDINGS: There are five properties scheduled to close, and their average price is $274,060.

CLOSINGS: One property was reported as closed in the last week, and was listed at $219,500. market time was 262 days. There were eight 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 $2,100 and the average price is $5,355 per month. These year round rental opportunities have been on the market an average of 77 days.

There are nine seasonal or summer rentals available throughout Fairfield that have been on the market an average of 136 days, and at an average price of $14,166. The median price of both furnished and unfurnished seasonal rentals is $6,750. 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 have a question about buying or selling Real Estate in Fairfield, 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