Fairfield CT Real Estate Market Report Week of August 28, 2012

FAIRFIELD CT HOMES: There are currently 366 homes that are actively on the market, and the median list price in Fairfield is now  at $830,000. These homes have been available an average of 116 days, with  a *average cumulative market time of 250 days, and are listed at an average price of $1,355,080. 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-five 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 19 properties that had a price change. Fourteen 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 46 homes currently in CTS status, and an additional 93 properties that are scheduled to close with an average price of $763,240.

CLOSINGS:  Sixteen properties were reported as sold this past week, and they had an average list price of $639,406 with an average market time of 79 days. There were 109 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 38 condos that are available is $444,900.  These properties have been listed an average of 144 day, with a cumulatibe market time of 158 days, and have an average price of $505,232. The highest list price for a condo in town is $1,149,000 and the lowest priced condominium available is $169,900.

Three new listings came on the market this week, and no homes came back on the market after being under deposit. Three properies had a price change. In the last week, two properties went into CTS status, and three properties  went into pending status. They were listed on average at $624,467.

TOWNWIDE PENDINGS: There are three properties in the  initial stage of deposit, and an additional 12 properties scheduled to close, and their average price is $526,806.

CLOSINGS: Four properties were reported as closed in the last week, and were listed on average at $562,225. There were 16 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 $2,750 and the average price is $3,844 per month. These year round rental opportunities have been on the market an average of 70 days.

There are 20 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 100 days, and at an average price of $9,500.  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.

*Cumulative market time indicates the TOTAL  market time when a home has been listed more than once in short succession.

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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

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