Fairfield CT Real Estate Market Update Week of June 12, 2012

 FAIRFIELD CT HOMES: There are currently 488 homes that are actively on the market, and the median list price in Fairfield is now  $598,450. These homes have been available an average of 108 days, and are listed at an average price of $1,206,788. The highest priced home for sale in town is listed at $13,900,000 and the lowest priced available single family home is $178,200.

Eighteen new listings came on the market in the past seven days, and no homes came back on the market after being under deposit. There were 26 properties that had a price change. Eighteen properties have gone under the initial deposit stage, which we call CTS, and 21 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 $701,714.

TOWNWIDE PENDINGS: There are 108 properties scheduled to close, and their average price is $729,110.

CLOSINGS:   Twenty-one properties were reported as sold this past week, and they had an average list price of $728,833 with an average market time of 110 days. There were 118 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 63 condos that are available is $352,200. These properties have been listed an average of 128 days, and have an average price of $492,663. The highest list price for a condo in town is $1,408,175 and the lowest priced condominium available is $157,900.

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 two properties went into pending status. Their average list price was $407,000.

TOWNWIDE PENDINGS: There are 13 properties scheduled to close, and their average price is $388,753.

CLOSINGS: Three properties were reported as closed in the last week, and they were listed on average at $202,500. There were 14 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 104 homes or apartments available. The median monthly price is $2,100 and the average price is $3,578 per month. These year round rental opportunities have been on the market an average of 61 days.

There are 22 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 73 days, and at an average price of $9,718. The median price of both furnished and unfurnished seasonal rentals is $5,400. 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.

Buying or Selling a Home in Fairfield? We'd love to represent you.

Feel free to email us here or visit our main  site at

www.CThomesAndRealEstate.com

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