Fairfield CT - Weekly Real Estate Market Statistics Report - September 27, 2011

FAIRFIELD CT HOMES:  The median list price in Fairfield is$562,000.  As of this morning, there are 489 homes actively on the market. They have been available an average of  114 days and are listed at an average price of $1,221,862. The highest priced home for sale in town is listed at $25,500,000 and the lowest priced available single family home is $160,000.

Homes with four bedrooms  comprise over 37 percent of the inventory, and their average price is $1,032,778 and they have been on the market an average of 158 days. There are 159 three bedroom homes on the market that are listed at an average price of $537,829 and they have been on the market an average of 100 days.  

SINGLE FAMILY HOME INVENTORY based upon the current absorption rate: 8.98 months, and is up slightly from last week. The goal for a neutral market in Fairfield is six months.

Eleven new listings came on the market this week, and two homes came back on the market after being under deposit.  There were 27 properties that had a price change. Fourteen properties have gone under the initial deposit stage, which we call CTS, and 12 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Average market time for these listings was 108 days.

CLOSINGS: Nine properties sold this past  week, and they had an average price of $805,967  and  were on the market an average of 87 days. There were 92 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield is now  $344,700. The  73 condominiums that are available have been  listed an average of  115 days, and have an average price of $464,408. The highest list price for a condo in town is $1,075,110 and the lowest priced condominium available is $169,000.

CONDOMINIUM  INVENTORY based upon the current absorption rate: 13.69 months, and is down significantly 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, four properties went into CTS status,  and one property went into pending status, with an average market time of 108 days. Three properties closed in the last week, and were listed at an average price of $641,606 and were  on the market for 118 days. There were 15 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 133 homes or apartments available. The median monthly price is $2,100 and the average price is $3,350 per month. These year round rental opportunities have been on the market an average of 48 days.

There are four seasonal or summer rentals  available throughout Fairfield that have been on the market an average of  176 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.
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Southport CT - Weekly Real Estate Market Statistics Report - September 27, 2011

SOUTHPORT CT HOMES: A lull in activity for Southport continues. The median list price in Southport dropped slightly to $984,500.  As of this morning, there are 62 homes that have actively been on the market for  127 days and are listed at an average price of $384,240.

The highest priced home for sale in the Southport area of town is listed at $13,900,000 and the lowest priced available single family home is $349,900.  

Two new listings came on the market this week, and no homes came back on the market after being under deposit.  There were no properties that had a price change. No property has gone under the initial deposit stage, which we call CTS, and no properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

CLOSINGS: No single family home sales were reported  sold this past  week. There were four status changes in the last seven days.

PLEASE NOTE: Southport statistics include all properties within the 06890 zip code

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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Southport CT - Weekly Real Estate Market Statistics Report - September 20, 2011

SOUTHPORT CT HOMES: The median list price in Southport is remaining steady at$1,019,250.  As of this morning, there are 60 homes that have actively been on the market for  123 days and are listed at an average price of $2,407,395.

The highest priced home for sale in the Southport area of town is listed at $13,900,000 and the lowest priced available single family home is $349,900.  

Four new listings came on the market this week, and no homes came back on the market after being under deposit.  There were four properties that had a price change. No property has gone under the initial deposit stage, which we call CTS, and no properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

CLOSINGS: No single family home sales were reported  sold this past  week. There were twelve status changes in the last seven days.

PLEASE NOTE: Southport statistics include all properties within the 06890 zip code

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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Fairfield CT - Weekly Real Estate Market Statistics Report - September 20, 2011

FAIRFIELD CT HOMES:  Another banner week for Fairfield! Inventory is slightly up, and the median list price in Fairfield is also up to  $561,500.  As of this morning, there are 492 homes actively on the market. They have been available an average of  109 days and are listed at an average price of $1,209,072. The highest priced home for sale in town is listed at $25,500,000 and the lowest priced available single family home is $160,000.

SINGLE FAMILY HOME INVENTORY based upon the current absorption rate: 8.58 months, and is up slightly from last week. The goal for a neutral market in Fairfield is six months.

Twenty five new listings came on the market this week, and two homes came back on the market after being under deposit.  There were 24 properties that had a price change. Nine properties have gone under the initial deposit stage, which we call CTS, and 12 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Average market time for these listings was 117 days.

CLOSINGS: Fifteen properties sold this past  week, and they had an average price of $783,267  and  were on the market an average of 102 days. There were 107 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield has risen slightly to $347,200. The  77 condominiums that are available have been  listed an average of  108 days, and have an average price of $468,536. The highest list price for a condo in town is $1,075,110 and the lowest priced condominium available is $169,000.

CONDOMINIUM  INVENTORY based upon the current absorption rate: 16.71 months, and is up  from last week. The goal for a neutral condominium market in Fairfield is 7-7.5 months.

Three new listings came on the market this week,  and no homes  came back on the market. One property had a price change. In the last week, two properties went into CTS status,  and three properties went into pending status, with an average market time of 107 days. One property closed in the last week, and was listed at $219,500 and was  on the market for 126 days. There were 14 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 136 homes or apartments available. The median monthly price is $2,000 and the average price is $3,380 per month. These year round rental opportunities have been on the market an average of 46 days.

There are four seasonal or summer rentals  available throughout Fairfield that have been on the market an average of  169 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.

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Fairfield CT - Weekly Real Estate Market Statistics Report - September 13, 2011

FAIRFIELD CT HOMES:  A fairly busy week for Fairfield considering this time of year, and that's all good news. The median list price in Fairfield is $547,450.  As of this morning, there are 484 homes actively on the market. They have been available an average of  111 days and are listed at an average price of $1,208,191. The highest priced home for sale in town is listed at $25,500,000 and the lowest priced available single family home is $160,000.

SINGLE FAMILY HOME INVENTORY based upon current absorption rate: 8.41 months

Fourteen new listings came on the market this week, and three homes came back on the market after being under deposit.  There were 24 properties that had a price change. Nine properties have gone under the initial deposit stage, which we call CTS, and 14 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Average market time for these listings was 126 days. CLOSINGS: Eleven properties sold this past  week, and they had an average price of $1,205,073  and  were on the market an average of 106 days. There were 102 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for a condo in Fairfield ihas risen slightly to $344,900. The  76 condominiums that are available have been  listed an average of  111 days, and have an average price of $470,336. The highest list price for a condo in town is $1,075,110 and the lowest priced condominium available is $169,000.

CONDOMINIUM  INVENTORY based upon current absorption rate: 15.60 months

Three new listings came on the market this week,  and no homes  came back on the market. Three properties had a price change. In the last week,  one  property went into CTS status,  and three properties went into pending status, with an average market time of 156 days. One property closed in the last week, adn was listed at $254,900 and wa on the market for 300 days. There were 14 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 119 homes or apartments available. The median monthly price is $2,000 and the average price is $3,906 per month. These year round rental opportunities have been on the market an average of 51 days.

There are seven seasonal or summer rentals  available throughout Fairfield that have been on the market an average of  113 days, and at an average price of $130,671. The median  price of both furnished and unfurnished seasonal rentals is $2,850.

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

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