Fairfield CT Real Estate Market Update Week of April 24, 2012

FAIRFIELD CT HOMES:  Fairfield's market is jumpin', and there is lots of activity! There are currently 490 homes that are actively on the market, and the median list price in Fairfield dropped slightly to $577,700. These homes have been available an average of 118 days, and are listed at an average price of $1,198,761. The highest priced home for sale in town is listed at $21,500,000 and the lowest priced available single family home is $179,000.

Twenty-nine 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 fifteen properties that had a price change. Thirty properties have gone under the initial deposit stage, which we call CTS, and seventeen 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 $685,771.

TOWNWIDE PENDINGS: There are 79 properties scheduled to close, and their average price is $706,941.

CLOSINGS:   Eight properties were reported as sold this past week, and they had an average list price of $661,588 with an average market time of 93 days. There were 119 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 63 condos that are available is $354,000. These properties have been listed an average of 120 days, and have an average price of $503,868. The highest list price for a condo in town is $2,195,000 and the lowest priced condominium available is $169,000.

Five new listings came on the market this week, and no homes came back on the market after being under deposit.  One property had a price change. In the last week, one property went into CTS status, and five properties went into pending status. Their average list price was $350,000.

TOWNWIDE PENDINGS: There are 13 properties scheduled to close, and their average price is $414,545.

CLOSINGS: Three properties were reported as closed in the last week, and their average list price was $426,633. There were 18 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 94 homes or apartments available. The median monthly price is $2,125 and the average price is $3,516 per month. These year round rental opportunities have been on the market an average of 80 days.

There are 23 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 69 days, and at an average price of $12,647. 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