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Mike Tetreau's Blog

Fairfield Real Estate Update and Market Report

By Mike Tetreau | Agent in Fairfield, CT

Fairfield Beach Home Sales Update

Fairfield Beach Update for September 30, 2009

 

There have been 49 Single Family homes sold so far this year.  This is down from the 59 that sold last year at this point.  It continues a two year decline from the 89 Homes that sold in 2007 or a 45% decrease in units sold.

 

The Average Selling Price this year for the Beach Area is $794,113. The Good News is that this represents only a 8% decrease from last year.  It is 15% below the Average Price in 2007 of $986,840.

 

There are 84 Homes for Sale currently.  We are averaging 7 Homes sold per month for the first 9 months of the year.  This means we have a 12 month inventory of homes or the other way to say it is – The Average Market Time for a home in the Beach Area is 12 months.

 

The homes for sale range from a small Ranch for $267,000 which just came back on the market to $5,499,500 for a Fairfield Beach Road home that is Direct Waterfront.  To see these and all the homes for sale in Fairfield, just go to www.tetreau.com.

 

This information is taken from the Greater Fairfield County MLS.

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