Fairfield, CT

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.

After 9 months ending September 30, Fairfield has sold 21% fewer homes than for the same period last year. There have been 343 Closings. This is approx half the number of homes that sold for this period in 2007 (644 homes).

The Average Selling Price came in at $724,891 down 10% from last year. The ASP is off 18% from 2007.

There are 453 Homes for Sale in the Town ranging in price from $215,000 for a Bungalow to $15,500,000 for an 1854 Antique in Southport. To see all the homes for sale, please visit www.tetreau.com.

These numbers are based on data supplied by the Greater Fairfield County MLS.

Excellence is celebrated 50 years later....

Fairfield Warde HS would like to recognize the 50^th anniversary of the 1959 Andrew Warde football team's undefeated, state championship season during halftime of the Fairfield Warde HS football game v. St. Joseph HS on Friday, Oct. 30^th. Game time is at 7:00 pm. Any former players or coaches from the 1959 team are invited to join in the celebration. If you plan on attending, please contact Warde Athletic Director, Chris Manfredonia at 255-8387 or cmanfredonia@fairfield.k12.ct.us

Just a little tidbit...the Coach of the Undefeated Eagles was my Dad Fern Tetreau.

See you at the game! Mike

Just in Time for Labor Day.....More Good News! Fairfield Home Sales are catching up to last year and now only trail by 16%. 314 Single Family homes have sold so far this year compared to 372 for the same period in 2008. Unfortunately, this is still only about half the 601 homes that had sold in 2007.

Prices seemed to have stabilized too. The Average Selling Price this year is $726,722. This is 9% lower than last year's $797,330. It also trails the $877,530 Average from 2007 by 17%.

There are 448 Homes for sale in Fairfield ranging in price from $215,000 to $15,500,000. To see all the homes for sale, just visit www.tetreau.com

This report is based on information provided by the Greater Fairfield MLS.

After seven months, the Fairfield Condo market is holding compares favorably to last year. However, it is still down from the levels in 2007.

42 Condos have sold so far in 2009. This is only 2 less than the 44 that had sold at this point last year. It is still down 42% from the 73 that were sold in 2007.

Prices are stable with the Average Selling Price coming in at $433,117. This is down only 2% from last year but is still significantly below the $523,654 Average from 2007.

There are currently 105 Condos on the market in Fairfield ranging in price from $199,000 to $1,297,692.

This analysis is based on data from the Greater Fairfield County MLS.