Fairfield CT Real Estate Weekly Market Report and Update Nov. 1, 2011

FAIRFIELD CT HOMES:  The median list price in Fairfield is $544,000.  As of this morning, there are 486 homes that are actively on the market. They have been available an average of  117 days and are listed at an average price of $1,201,476. The highest priced home for sale in town is listed at $25,500,000 and the lowest priced available single family home is $129,900.

SINGLE FAMILY HOME INVENTORY based upon the current absorption rate: 11.97 months, and is up slightly  from last week. The goal for a neutral market in Fairfield is six months.

Eighteen new listings came on the market this week, and two homes came back on the market after being under deposit.  There were 18 properties that had a price change. Eight properties have gone under the initial deposit stage, which we call CTS, and ten properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Average list price on those pending properties was $463,130 and their average market time  was 137 days.

CLOSINGS: Nine properties were reported as sold this past  week, and they had an average list price of $500,744  and  were on the market an average of 113 days. There were 87 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is $364,950. The  66 condominiums that are available have been  listed an average of  119 days, and have an average price of $472,738. The highest list price for a condo in town is $1,075,110 and the lowest priced condominium available is $159,900.

CONDOMINIUM  INVENTORY based upon the current absorption rate: 9.90 months, and is down from last week. The goal for a neutral condominium market in Fairfield is 7-7.5 months.

One new listing came on the market this week,  and no homes  came back on the market. Two properties had a price change. In the last week, one property went into CTS status,  and five properties went into pending status. Theit average market time was 152 days and were listed at an average price of $380,940.

CLOSINGS: Two properties were reported as closed in the last week and the average list price was $514,250 and they were on the market and average of 211 days. There were 14 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, and there are 134 homes or apartments available. The median monthly price is $1,975 and the average price is $3,322 per month. These year round rental opportunities have been on the market an average of 55 days.

There are four seasonal or summer rentals  available throughout Fairfield that have been on the market an average of  211 days, and at an average price of $13,675. The median  price of both furnished and unfurnished seasonal rentals is $3,350.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included.

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

Fairfield CT Real Estate Weekly Market report 4/26/11

FAIRFIELD CT HOMES:  The median list price in Fairfield is $567,000.  As of this morning, there are 460 homes actively on the market for  108 days and are listed at an average of $1,117,995.  20 new listings came on the market this week, including 4 homes that came back on the market after being under deposit.  There were  8 properties that had a price change. 26 properties have gone under the initial deposit stage, which we call CTS, and 17 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close- right on par with last week's activity. CLOSINGS: 9 properties sold this past  week, and they had an average price of $496,300, and  were on the market an average of 121 days. There were 97 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is $390,400. The  83 condominiums that are available  have been  listed an average of 100 days, and have an average price of $496,396.  7 new listings came on the market this week,  and 1 came back on the market. 1 Property had a price change. In the last week,  2 properties went into CTS status,  and 5 properties went into pending status. No properties closed in the last week. There were 20 status changes for the week.

If you are looking to rent year round, either furnished or unfurnished, there are 105 homes or apartments available. The median monthly price is $1950 and the average price is $3,188 per month. These year round rental opportunities have been on the market an average of 46 days.

Not too many seasonal rentals left around this time of year- there are just 20  available throughout Fairfield that have been on the market an average of 48 days, and at an average price of $10,950 The median  price of both furnished and unfurnished seasonal rentals is $6,900.

Fairfield CT Real Estate Weekly Market report 4/19/11

FAIRFIELD CT HOMES:  The median list price in Fairfield is $567,000.  As of this morning, there are 461 homes actively on the market for  106 days and are listed at an average of $1,121,628, and that average is nearly 10% less than last week.  14 new listings came on the market this week, including 2 homes that came back on the market after being under deposit.  There were  25 properties that had a price change. 23 properties have gone under the initial deposit stage, which we call CTS, and 15 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close- right on par with last week's activity. CLOSINGS: 14 properties sold this past  week, and they had an average price of $750,843, and  were on the market an average of 119 days. There were 109 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is $352,400. The  85 condominiums that are available  have been  listed an average of 116 days, and have an average price of $472,754.  6 new listings came on the market this week,  and 1 came back on the market. 1 Property had a price change. In the last week,  3 properties went into CTS status,  and 4 properties went into pending status. 2 properties closed in the last week that has an average list price of $1,144,244 and were on the market  for an average of 226 days. There were 16 status changes for the week.

If you are looking for a rent in town, there are  128 homes or apartments available, and they are listed at average price of $5,656 per month, and have been on the market approximately 42 days.

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.

If you like our Fairfield Real Estate Market Statistics  Reports, please share them.

Fairfield CT Weekly Real Estate Market Report 4/12/11

FAIRFIELD CT HOMES:  The median list price in Fairfield is $559,000.  As of this morning, there are 451 homes actively on the market for  105 days and are listed at an average of $1,131,112. 22 new listings came on the market this week, including 1 home that came back on the market after being under deposit.  There were  15 properties that had a price change. 22 properties have gone under the initial deposit stage, which we call CTS, and 17 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: 15 properties sold this past  week, and they had an average price of $725,740, and  were on the market an average of 137 days. There were 108 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is $351,950. The  80 condominiums that are available  have been  listed an average of 121 days, and have an average price of $467,214.  6 new listings came on the market this week, 1 came back on the market, and 6 Properties had a price change. In the last week,  2 properties went into CTS status,  and 1 property went into pending status. No properties closed in the last week. There were 54 status changes for the week.

If you are looking for a rent in town, there are  116 homes or apartments available, and they are listed at average price of $5,373 per month, and have been on the market approximately 42 days.

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.

If you like our Fairfield Real Estate Market Statistics  Reports, please share them.

Tweet