Fairfield CT Real Estate Market Report Week of August 7, 2012

FAIRFIELD CT HOMES: There are currently 429 homes that are actively on the market, and the median list price in Fairfield is now  $597,000. These homes have been available an average of 113 days, and are listed at an average price of $1,204,811. The highest priced home for sale in town is listed at $12,900,000 and the lowest priced available single family home is $139,900.

Twenty-six 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 12 properties that had a price change. Twenty-three properties have gone under the initial deposit stage, which we call CTS, and 17 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

TOWNWIDE PENDINGS: There are 89 properties scheduled to close, and their average price is $867,136.

CLOSINGS:  Twenty-two properties were reported as sold this past week, and they had an average list price of $860,591 with an average market time of 73 days. There were 125 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 46 condos that are available is $53,250. These properties have been listed an average of 153 days, and have an average price of $489,006. The highest list price for a condo in town is $1,199,000 and the lowest priced condominium available is $129,900.

No new listings came on the market this week, and one home came back on the market after being under deposit.  One  property had a price change. In the last week, two properties went into CTS status, and four properties  went into pending status. They were listed on average at $388,000.

TOWNWIDE PENDINGS: There are 13 properties scheduled to close, and their average price is $511,121.

CLOSINGS: One property was reported as closed in the last week, and was listed at $299,000. There were 12 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 101 homes or apartments available. The median monthly price is $2,100 and the average price is $3,629 per month. These year round rental opportunities have been on the market an average of 63 days.

There are 9 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 121 days, and at an average price of $16,666. The median price of both furnished and unfurnished seasonal rentals is $9,750. 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.

Buying or Selling a Home in Fairfield?  Contact us!

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

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