Fairfield CT Housing and Real Estate Market Report Week of 4/28/14

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

There are currently 421 homes that are actively on the market, and the median list price in Fairfieldhas inched upwards to  $854,900. These homes have been available an average of 108 days, with  an *average cumulative market time of 175 days, and are listed at an average price of $1,462,659. The highest priced home for sale in town is listed at $62,000,000 and the lowest priced available single family home is $195,900.

Forty-three new listings came on the market in the past seven days, and seven homes came back on the market after being under deposit. There were 34 properties that had a price change. Twenty-eight properties have gone under the initial deposit stage, which we call CTS, and 23 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 $726,370.


TOWNWIDE DEPOSITS:  There are 81 homes currently in CTS status, and an additional 101 properties that are scheduled to close with an average price of $788,782.

CLOSINGS: Sixteen properties were reported as sold this past week, and they had an average list price of $779,100 with an average market time of 124 days. There were 158 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 48 condos that are available is $534,250.  These properties have been listed an average of 88 days, with a cumulative market time of 106 days, and have an average price of $571,115.

Just two new listings came on the market this week, and two homes came back on the market after being under deposit. Six properties had a price change. In the last week, five properties went into CTS status, and three properties went into pending status.

TOWNWIDE DEPOSITS: There are 11 properties in the  initial stage of deposit, and an additional nine  properties scheduled to close, and their average price is $528,814.

CLOSINGS: Two properties were reported as closed in the last week, and were listed on average at $554,000. There were 19 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 60  homes or apartments available. The median monthly price is $2,625 and the average price is $3,534 per month. These year round rental opportunities have been on the market an average of 61 days.

There are 23 seasonal  rentals available throughout Fairfield that have been on the market an average of 104 days, and at an average price of $5,748.  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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Fairfield CT Real Estate Market Statistics Report 5/24/11

FAIRFIELD CT HOMES:  Available inventory is consistent with last week, although the median price rose ever so slightly. You may notice a slight fluctuation week to week, and normally I have no concerns. I don't here either, but I am leaning towards thinking that sales may be slowing down just a little bit. That does not mean to hurry up and sell, nor does it mean that you should wait to buy. I think we have a slight seasonal adjustment coming. I am watching the market quite closely, and will abslutely keep you up to date. Right now, everything is fine, there are some interesting early indicators that could go either way, and more information is needed t make a proper assessment. As a whole,  Fairfielders have been consistently pricing their homes well, and taking advantage of the market in every way.

The median list price in Fairfield is fairly steady at  $556,950.  As of this morning, there are 499 homes actively on the market for  96 days and are listed at an average price of $1,091,774.  The most active price ranges in town remain at 500-600k, which represents just under 11 percent of the inventory and the 1-1.5 million range which represents almost 12 percent of active listings.

Thirty -eight new listings came on the market this week, and one home came back on the market after being under deposit.  There were 27 properties that had a price change. 24 properties have gone under the initial deposit stage, which we call CTS, and 25 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: Nine properties sold this past  week, and they had an average price of $615,422, and  were on the market an average of 128 days. There were 124 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is $331,750. The  89 condominiums that are available  have been  listed an average of 87 days, and have an average price of $461,618. Sixteen percent of available inventory is priced between 250-300k.

Six new listings came on the market this week,  and no homes  came back on the market. Four properties had a price change. In the last week,  no properties went into CTS status,  and five  properties went into pending status. One property closed in the last week that was listed at $525,000 and was on the market for 54 days. There were 17 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 122 homes or apartments available. The median monthly price is $1,925 and the average price is $3,217 per month. These year round rental opportunities have been on the market an average of 49 days.

There are 25 seasonal or summer rentals  available throughout Fairfield that have been on the market an average of 48 days, and at an average price of $10,958. The median  price of both furnished and unfurnished seasonal rentals is $4,750.

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.

Fairfield CT Real Estate Weekly Market Report 5/3/11

FAIRFIELD CT HOMES: Fairfield is experiencing an interesting real estate market. While the median price has gone down $18,000 in the last week, and the average list price of single family homes has dropped over $40,000, I do not feel that it is cause for concern, and would not take that in any way as a negative indicator. Sales are brisk, and homeowners are becoming more educated on pricing their homes correctly.

The median list price in Fairfield is $549,950.  As of this morning, there are 469 homes actively on the market for  99 days and are listed at an average price of $1,077,083.  Forty new listings came on the market this week (Twice as many as last week!), and that figure includes three homes that came back on the market after being under deposit.  There were 15 properties that had a price change. 17 properties have gone under the initial deposit stage, which we call CTS, and 24 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close- and the total properties under deposit are right on par with last week's activity. CLOSINGS: 20 properties sold this past  week, which is more than twice what sold the week before, and they had an average price of $706,505, and  were on the market an average of 122 days. There were 148 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is $363,750, and is down about $27,000 from last week. The  86 condominiums that are available  have been  listed an average of 90 days, and have an average price of $479,962, also down about $16,000.  Five new listings came on the market this week,  and no homes  came back on the market. No properties had a price change. In the last week,  two properties went into CTS status,  and two properties went into pending status. One property closed in the last week that was listed at $299,000 and was on the market for 90 days. There were 14 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 $1,925 and the average price is $3,151 per month. These year round rental opportunities have been on the market an average of 48 days.

Not too many seasonal rentals left around this time of year- there are still 20  available throughout Fairfield that have been on the market an average of 51 days, and at an average price of $11,395. The median  price of both furnished and unfurnished seasonal rentals remains at  $6,900.

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.

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