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Mike Tetreau's Blog

Fairfield Real Estate Update and Market Report

By Mike Tetreau | Agent in Fairfield, CT

Fairfield's University Area - Gets an A!

Yes it is a tough Real Estate Market but Fairfield's University Area is out performing most towns and neighborhoods.  The University Area refers to those homes surrounding the Fairfield University Campus.  Through July 31st, 55 Single Family homes have been sold.  This is up 8% over the prior year.  That's right more homes have been sold.  Unfortunately, the number of sales is still far below the 97 homes sold in 2007.  The University Area has always been in top demand due to its proximity to Fairfield's Downtown Train Station.
Amazingly, prices seem to have held up too!  The Average Sales Price so far in 2009 is $626,219.  This is up 4% over last years Average Price and only down 7% from 2007 levels.  Overall, this is the best performing neighborhood in all of Fairfield. 
There are currently 61 Homes for Sale in the University Area ranging in price from $259,900 to $1,680,000. To find more information on these homes, please visit www.tetreau.com
This analysis is based on data from the Greater Fairfield County MLS.

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