Fairfield CT Housing and Real Estate Market Report Week of 12/3/13

There are currently 348 homes that are actively on the market, and the median list price in Fairfield is now $779,500. These homes have been available an average of 134 days, with  an *average cumulative market time of 206 days, and are listed at an average price of $1,521,523. The highest priced home for sale in town is listed at $62,000,000 and the lowest priced available single family home is $235,000.

Ten 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  four properties that had a price change. Six properties have gone under the initial deposit stage, which we call CTS, and  eight 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 $548,850.


TOWNWIDE DEPOSITS:  There are 47 homes currently in CTS status, and an additional 77 properties that are scheduled to close with an average price of $802,534.

CLOSINGS: Six properties were reported as sold this past week, and they had an average list price of $694,667 with an average market time of 259 days. There were  just 57 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 37 condos that are available is $459,000.  These properties have been listed an average of 108 days, with a cumulative market time of 188 days, and have an average price of $507,974. The highest list price for a condo in town is $1,395,000 and the lowest priced condominium available is $229,000.

Two new listings came on the market this week, and two homes came back on the market after being under deposit. three properties had a price change. In the last week, one property went into CTS status, and no properties  went into pending status.

TOWNWIDE DEPOSITS: There are nine properties in the  initial stage of deposit, and an additional six properties scheduled to close, and their average price is $527,633.

CLOSINGS: No properties were reported as closed in the last week. There were seven status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 90  homes or apartments available. The median monthly price is $2,350 and the average price is $3,212 per month. These year round rental opportunities have been on the market an average of 60 days.

There are 15 seasonal  rentals available throughout Fairfield that have been on the market an average of 67 days, and at an average price of $6,587.  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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