Fairfield CT Housing and Real Estate Market Report Week of 10/7/13

FAIRFIELD CT HOMES: There are currently 411 homes that are actively on the market, and the median list price in Fairfield is now $770,000. These homes have been available an average of 112 days, with  an *average cumulative market time of 176 days, and are listed at an average price of $1,44,983. The highest priced home for sale in town is listed at $62,000,000 and the lowest priced available single family home is $249,000.

Thirty-two  new listings came on the market in the past seven days, and six homes came back on the market after being under deposit. There were 31 properties that had a price change. Eighteen properties have gone under the initial deposit stage, which we call CTS, and 14 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. They were listed on average at $605,443.


TOWNWIDE DEPOSITS:  There are 63 homes currently in CTS status, and an additional 71 properties that are scheduled to close with an average price of $1,283,443.

CLOSINGS: Twenty properties were reported as sold this past week, and they had an average list price of $1,330,815 with an average market time of 83 days. There were 145 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 35 condos that are available is $389,000.  These properties have been listed an average of 119 days, with a cumulative market time of 188 days, and have an average price of $452,706. The highest list price for a condo in town is $1,460,000 and the lowest priced condominium available is $159,000.

Three  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 one property  went into pending status.

TOWNWIDE DEPOSITS: There are  six properties in the  initial stage of deposit, and an additional four properties scheduled to close, and their average price is $430,975.

CLOSINGS: Two properties were reported as closed in the last week, and were listed on average at $478,450. There were 13 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 78  homes or apartments available. The median monthly price is $2,350 and the average price is $3,116 per month. These year round rental opportunities have been on the market an average of 46 days.

There are 10 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 78 days, and at an average price of $6,260.  The median price of both furnished and unfurnished seasonal rentals is $5,500. 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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