Fairfield CT Real Estate Market Update Week of March 27, 2012

FAIRFIELD CT HOMES: It has been another brisk week of activity in Fairfield! There are currently 471 homes that are actively on the market, and the median list price in Fairfield remains at $569,000. These homes have been available an average of 119 days. and are listed at an average price of $1,211,223. The highest priced home for sale in town is listed at $21,500,000 and the lowest priced available single family home is $189,000.

Seventeen new listings came on the market in the past seven days, and three homes came back on the market after being under deposit. There were sixteen properties that had a price change. twnety-seven properties have gone under the initial deposit stage, which we call CTS, and thirteen 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 $506,515.

TOWNWIDE PENDINGS: There are 69 properties scheduled to close, and their average price is $702,969.

CLOSINGS:   Six properties were reported as sold this past week, and they had an average list price of $420,300 with an average market time of 134 days. There were 97 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 67 condos that are available is $354,500. These properties have been listed an average of 116 days, and have an average price of $509,061. The highest list price for a condo in town is $2,195,000 and the lowest priced condominium available is $169,000.

Three 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, four properties went into CTS status, and three properties went into pending status. Their average list price was $270,000

TOWNWIDE PENDINGS: There are ten properties scheduled to close, and their average price is $301,230.

CLOSINGS: No properties were reported as closed in the last week. There were 15 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 107 homes or apartments available. The median monthly price is $2,125 and the average price is $3,552 per month. These year round rental opportunities have been on the market an average of 87 days.

There are 22 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 58 days, and at an average price of $13,506. The median price of both furnished and unfurnished seasonal rentals is $7,500. 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.

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