Fairfield CT Real Estate Market Report Week of August 21, 2012

FAIRFIELD CT HOMES: There are currently 416 homes that are actively on the market, and 47 of these homes are in the initial  stage of deposit, which we call CTS. The median list price in Fairfield is now  $817,000. These homes have been available an average of 116 days, and are listed at an average price of $1,318,773. 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.

Seventeen new listings came on the market in the past seven days, and four homes came back on the market after being under deposit. There were 22 properties that had a price change. Ten properties have gone under the initial deposit stage, which we call CTS, and 15 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

TOWNWIDE PENDINGS: There are 47 homes currently in CTS status, and an additional 95 properties that are scheduled to close with an average price of $772,206.

CLOSINGS:  Seventeen properties were reported as sold this past week, and they had an average list price of $771,593 with an average market time of 85 days. There were 95 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 41 condos that are available is $449,900, and four of these homes are under the initial stage of deposit, which we call CTS. These properties have been listed an average of 158 days, and have an average price of $508,357. The highest list price for a condo in town is $1,149,000 and the lowest priced condominium available is $179,900.

No new listings came on the market this week, and no homes came back on the market after being under deposit.  Four 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 $227,400.

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 $508,098. There were 10 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 84 homes or apartments available. The median monthly price is $2,800 and the average price is $3,926 per month. These year round rental opportunities have been on the market an average of 67 days.

There are 19 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 97 days, and at an average price of $9,921.  The median price of both furnished and unfurnished seasonal rentals is $5,000. 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.

The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

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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