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

Fairfield has officially hit the BUYER/SELLER ACTION ALERT status! Deposit ratios have been movng steadily upwards.

There are currently 333 homes that are actively on the market, and the median list price in Fairfield is fairly steady at $825,000. These homes have been available an average of 131 days, with  an *average cumulative market time of 213 days, and are listed at an average price of $1,550,818. 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.

Thirty-six 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 25 properties that had a price change. Nineteen properties have gone under the initial deposit stage, which we call CTS, and 11 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 $1,074591.


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 $800,839.

CLOSINGS: Nineteen properties were reported as sold this past week, and they had an average list price of $815,005 with an average market time of 134 days. There were 133 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 35 condos that are available is $485,000.  These properties have been listed an average of 103 days, with a cumulative market time of 164 days, and have an average price of $528,794.

Just one new listing 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, two properties went into CTS status, and one property  went into pending status.

TOWNWIDE DEPOSITS: There are seven properties in the  initial stage of deposit, and an additional nine  properties scheduled to close, and their average price is $457,844.

CLOSINGS: No properties were reported as closed in the last week. There were 10 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 $2,375 and the average price is $3,059 per month. These year round rental opportunities have been on the market an average of 69 days.

There are 16 seasonal  rentals available throughout Fairfield that have been on the market an average of 44 days, and at an average price of $7,522.  The median price of both furnished and unfurnished seasonal rentals is $5,250. 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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