Fairfield CT Weekly Housing and Real Estate Report for 8/20/2013

FAIRFIELD CT HOMES: There are currently 383 homes that are actively on the market, and the median list price in Fairfield is now $800,000. These homes have been available an average of 123 days, with  an *average cumulative market time of 195 days, and are listed at an average price of $1,217,319. The highest priced home for sale in town is listed at $11,900,000 and the lowest priced available single family home is $190,000.

Sixteen  new listings came on the market in the past seven days, and eight homes came back on the market after being under deposit. There were 26 properties that had a price change. Twelve properties have gone under the initial deposit stage, which we call CTS, and 16 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 $733,775.


TOWNWIDE DEPOSITS:  There are 60 homes currently in CTS status, and an additional 88 properties that are scheduled to close with an average price of $1,035,245.

CLOSINGS: Thirty properties were reported as sold this past week, and they had an average list price of $713,937 with an average market time of 121 days. There were 116 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 40 condos that are available is $422,500.  These properties have been listed an average of 114 days, with a cumulative market time of 174 days, and have an average price of $564,030. The highest list price for a condo in town is $2,990,000 and the lowest priced condominium available is $150,000.

Three  new listings came on the market this week, and one home 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 10 properties in the  initial stage of deposit, and an additional five properties scheduled to close, and their average price is $459,282.

CLOSINGS: Two properties were reported as closed in the last week, and were listed on average at $389,000. There were 10 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 81 homes or apartments available. The median monthly price is $2,600 and the average price is $3,627 per month. These year round rental opportunities have been on the market an average of 43 days.

There are eight seasonal or summer rentals available throughout Fairfield that have been on the market an average of 71 days, and at an average price of $17,025.  The median price of both furnished and unfurnished seasonal rentals is $6,650. 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

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