Fairfield CT Real Estate Update- Week of November 22, 2011

FAIRFIELD CT HOMES:  A seasonal dip in inventory is evident with 465 homes that are actively on the market. The median list price in Fairfield is $544,950, and they have been available an average of  124 days These properties are listed at an average price of $1,191,595. The highest priced home for sale in town is listed at $25,500,000 and the lowest priced available single family home is $129,000.

Ten new listings came on the market this week, and one home came back on the market after being under deposit.  There were seven properties that had a price change. Thirteen properties have gone under the initial deposit stage, which we call CTS, and seven 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 $761,100 and their average market time  was 135 days.

TOWNWIDE PENDINGS: There are 41 properties scheduled to close, and their average price is $673,858. Their average market time was 153 days.

CLOSINGS: Thirteen properties were reported as sold this past  week, and they had an average list price of $576,892  and were on the market an average of  86 days. There were 78 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 65 condominiums that are available in Fairfield is $364,950. These properties have been  listed an average of 115 days, and have an average price of $494,537. The highest list price for a condo in town is $1,487,500 and the lowest priced condominium available is $144,900.

No new listings came on the market this week,  and no homes  came back on the market after being under deposit. One property had a price change. In the last week, one property went into CTS status,  and one property went into pending status.

TOWNWIDE PENDINGS: There are 12 properties scheduled to close, and their average price is $368,000. Their average market time was 161 days.

CLOSINGS: Three properties were reported as closed in the last week and their average list price was $325,967 and they were on the market an average of 98 days. There were seven status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, and there are 133 homes or apartments available. The median monthly price is $1,875 and the average price is $3,175 per month. These year round rental opportunities have been on the market an average of 61 days.

There are four seasonal or summer rentals  available throughout Fairfield that have been on the market an average of  205 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