Year to date, 30 homes have sold between $400-$500k in Fairfield and 5 additional homes that were priced in the $400's sold in the $300's. The average sales price of these homes was $447,685 and the average list/sale ratio was 95%. Of course, these are just averages and each circumstance of sale varies. If would like more detailed information, feel free to contact me through my website at Mary@FairfieldHomesAndLand.com.
Mary MacKenzie, REALTOR e-PRO ABR
Prudential Connecticut Realty
As of June 16, including currently active listings and all closed/pending activity looking back 90 days from today:
76 Active listings in your price range, average market time 84 days, 9 of these are continue to show (conditions of sale not yet removed) and one is a Hubbard;
8 have Expired with an average market time of 115 days;
9 are Pending, conditions removed, with an average market time of 88 days;
12 have sold, with an average market time of 78 days, average sale price of $451,000, average final list price of $475,583. Just shy of 95% sale to final list price ratio.
You will notice the expired listings have a much higher average market time, priced right properties in this price range are moving in 1-4 months, over priced listings are not moving. 4 of those 8 expired listings are from the same listing office (not meaning to flame here, just stating a fact). If you are selling, it is in your best interest to get more than one opinion on market time and pricing strategy. Don't fall for the trap of hiring the agent who gives you the highest number. If you are not sure you might even consider hiring an independent appraiser to give you an unbiased pre-listing valuation of your home.
If you are looking for more specific information, feel free to call or email with your needs.
Nicholas H. Fingelly Real Estate
I have a new service I'm offering to friends and potential clients who want to keep abreast of, active for sale properties, sold properties, market time or days on the market, market trends and more. It is tool that you can use when you need to be brought up to date on market activity within your zip code. It's data is obtained from Fairfield Counties MLS service. You can obtain local market data for the past 7 days, 30 days or 90 days.
Use the attached link to begin using the totally free, no obligation service.
Keller Williams Prestige
60 Long Ridge Rd.
Stamford CT 06902