Fairfield CT Housing and Real Estate Market Report Week of 11/3/14

Fairfield's market has continued its seasonal slowdown, maye moreso than other towns in comparison, but it is still fairly active in varying price pockets.

There are currently 482 homes that are actively on the market, and the median list price in Fairfield is now at $764,500. Current inventory has been available an average of 125 days, with  an *average cumulative market time of 198 days. Single family homes are listed at an average price of $1,369,212. The highest priced home for sale in town is listed at $62,000,000 and the lowest priced available single family home is $161,000.

Twenty-three 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 26 properties that had a price change. Eight properties have gone under the initial deposit stage, which we call CTS, and nine 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 $506,989.


TOWNWIDE DEPOSITS:  There are 38 homes currently in CTS status, and an additional 66 properties that are scheduled to close with an average price of $904,288.

CLOSINGS: Twelve properties were reported as sold this past week, and they had an average list price of $567,558 with an average market time of 66 days. There were 118 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 43 condos that are available is $459,000.  These properties have been listed an average of 91 days, with a cumulative market time of 108 days, and have an average price of $568,379.

Three 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, seven properties went into CTS status, and no properties 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 $538,760.

CLOSINGS: Three properties were reported as closed in the last week, and were listed on average at $425,667. There were 20 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 103 homes or apartments available. The median monthly price is $2,750 and the average price is $3,576 per month. These year round rental opportunities have been on the market an average of 62 days.

There are 19 seasonal  rentals available throughout Fairfield that have been on the market an average of 187 days, and at an average price of $7,400.  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.

 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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