Fab Real Estate Blog: New Fairfield, CT - May, 2008 Real Estate Market Report

New Fairfield, CT - May, 2008 Real Estate Market Report

New Fairfield, Connecticut Real Estate Update
May, 2008

Closed home sales in New Fairfield, Connecticut:

There were 8 home sales closed in New Fairfield, CT.Welcome to New Fairfield, Connecticut
List Prices ranged from $179,900 - $3,660,000.
Closed Sales Prices ranged from $174,000 - $3,000,000.

The average closed real estate sales price for New Fairfield was $808,937.
The median closed real estate sales price for New Fairfield was $533,000.
On average, these homes sold for 88.8% of their final list price. However, when we remove the $3,000,000 sale, which is not common in New Fairfield, then the list/sale price ration changes to 95.7%, which is in line with what we've seen in the recent past.
Days on Market ranged from 40 - 235 days, with the average being 126 days of market time.

This compares with 16 closed sales in May, 2007, with an average sales price of $520,899 and a median sales price of $386,450.


Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 122 homes for sale in New Fairfield, CT.
List Prices range from $159,000 for a small cottage in need of work  to $21,000,000 for a Victorian-style home on Candlewood Lake.

New Fairfield, Connecticut is a small community of about 14,000 residents that borders New York State to the west and Candlewood Lake to the east.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  New Fairfield enjoys a convenient commute location to lower Fairfield County and Westchester County, New York.  New Fairfield is situated just over an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

 

Data compiled from the Greater Fairfield County MLS and believed to be accurate

 

Comment balloon 0 commentsDon Fabrizio-Garcia • June 11 2008 03:32PM

Comments

Participate