Fairfield CT Housing and Real Estate Market Report Week of 3/17/15

Fairfield's market is continuing to pick up, and we are now just shy of a sellers market, which we have not seen for a few months. Expect a change to a SELLERS ACTION ALERT shortly.

There are currently 386 homes that are actively on the market, and the median list price in Fairfield is now at $900,000. Current inventory has been available an average of 130 days, with  an *average cumulative market time of  229 days. Single family homes are listed at an average price of $1,563,711 The highest priced home for sale in town is listed at $62,000,000 and the lowest priced available single family home is $143,000.

Thirty new listings came on the market in the past seven days, and five homes came back on the market after being under deposit. There were 23 properties that had a price change. Twenty-four 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 $618,856.


TOWNWIDE DEPOSITS:  There are 73 homes currently in CTS status, and an additional 59 properties that are scheduled to close with an average price of $745,044

CLOSINGS: Nine properties were reported as sold this past week, and they had an average list price of $461,189 with an average market time of 115 days. There were 116 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 52 condos that are available is $425,000.  These properties have been listed an average of 83 days, with a cumulative market time of 137 days, and have an average price of $577,200.

Five 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, two properties went into CTS status, and one property went into pending status, which was listed at $389,900.

TOWNWIDE DEPOSITS: There are seven properties in the  initial stage of deposit, and an additional two  properties are  scheduled to close, and their average price is $504,950.

CLOSINGS: One property was reported as closed in the last week, and was listed at $239,900. There were 14 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 66 homes or apartments available. The median monthly price is $2,550 and the average price is $3,764 per month. These year round rental opportunities have been on the market an average of 79 days.

There are 20 seasonal  rentals available throughout Fairfield that have been on the market an average of 229 days, and at an average price of $14,718.  The median price of both furnished and unfurnished seasonal rentals is $5,800. 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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