Fairfield CT Real Estate Market Report Week of August 13, 2012

FAIRFIELD CT HOMES: There are currently 421 homes that are actively on the market, and 51 of these homes are in the initial  stage of deposit, which we call CTS. The median list price in Fairfield is now  $818,500. These homes have been available an average of 112 days, and are listed at an average price of $1,233,244. 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-four 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 18 properties that had a price change. Thirteen properties have gone under the initial deposit stage, which we call CTS, and 18 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

TOWNWIDE PENDINGS: There are 100 properties scheduled to close, and their average price is $776,341.

CLOSINGS:  Eighteen properties were reported as sold this past week, and they had an average list price of $1,080,266 with an average market time of 99 days. There were 102 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 43 condos that are available is $412,000, and four of these homes are under the initial stage of deposit, which we call CTS. These properties have been listed an average of 150 days, and have an average price of $496,888. The highest list price for a condo in town is $1,149,000 and the lowest priced condominium available is $129,900.

One new listing came on the market this week, and one home came back on the market after being under deposit.  Three properies had a price change. In the last week, one property went into CTS status, and two properties  went into pending status. They were listed on average at $389,050.

TOWNWIDE PENDINGS: There are 12 properties scheduled to close, and their average price is $547,273.

CLOSINGS: Three properties were reported as closed in the last week, and were listed on average at $274,667. There were 14 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 97 homes or apartments available. The median monthly price is $2,700 and the average price is $3,628 per month. These year round rental opportunities have been on the market an average of 63 days.

There are 20 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 93 days, and at an average price of $9,545. The median price of both furnished and unfurnished seasonal rentals is $4,750. 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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