Fairfield CT Real Estate Market Update Week of June 5, 2012
FAIRFIELD CT HOMES: Another great week for Fairfield real estate! The last couple of weeks have seen the most activity in quite some time and there were thirty closings!- There are currently 495 homes that are actively on the market, and the median list price in Fairfield is now $607,500. These homes have been available an average of 109 days, and are listed at an average price of $1,191,934. The highest priced home for sale in town is listed at $13,900,000 and the lowest priced available single family home is $169,200.
Thirty new listings came on the market in the past seven days, and nine homes came back on the market after being under deposit. There were 17 properties that had a price change. Seventeen properties have gone under the initial deposit stage, which we call CTS, and 21 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average list price was $817,205.
TOWNWIDE PENDINGS: There are 113 properties scheduled to close, and their average price is $717,854.
CLOSINGS: Twenty-six properties were reported as sold this past week, and they had an average list price of $771,192 with an average market time of 81 days. There were 145 status changes in the last week.
FAIRFIELD CT CONDOS: The median price for the 62 condos that are available is $352,200. These properties have been listed an average of 133 days, and have an average price of $489,651. The highest list price for a condo in town is $1,408,175 and the lowest priced condominium available is $157,900.
Three new listings came on the market this week, and no homes came back on the market after being under deposit. Three properties had a price change. In the last week, no properties went into CTS status, and two properties went into pending status. Their average list price was $357,000.
TOWNWIDE PENDINGS: There are 13 properties scheduled to close, and their average price is $360,561.
CLOSINGS: three properties were reported as closed in the last week, and they were listed on average at $448,333. There were 14 status changes for the week.
RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 102 homes or apartments available. The median monthly price is $2,150 and the average price is $3,511 per month. These year round rental opportunities have been on the market an average of 60 days.
There are 24 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 77 days, and at an average price of $9,320. 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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