NEW FAIRFIELD CT REAL ESTATE - HOMES SOLD IN NOVEMBER, 2011

NEW FAIRFIELD, CT REAL ESTATE - HOMES SOLD IN NOVEMBER, 2011

Street	BR’S	Full Baths	Half Baths	Sale Price
13 HILLDALE RD	2	1	1	$40,000
27 HUDSON DR	3	2	1	$70,000
13 CARDINAL LN	2	1	1	$70,500
1 CANDLEWOOD RD	2	1	0	$110,000
13 HEWLETT RD	2	1	1	$123,000
6 ANSONIA RD	2	1	0	$168,000
97 PINE HILL RD	2	1	0	$205,000
8 WARWICK RD	3	2	1	$250,000
8 CHARCOAL RIDGE RD WEST	3	2	0	$240,000
9 COLUMBIA DR	5	3	0	$365,000
27 SUNLIT LN	3	3	0	$380,240
60 DICK FINN RD	4	2	1	$365,000
7 WOODS WAY	3	3	0	$400,000
12 PEACEFUL DR	4	2	1	$437,500
23 E LAKE RD	4	2	1	$557,500
10 AMBER DR	4	4	2	$770,000
35 NORTH LAKE DR	3	3	0	$1,162,500

A total of 17 single family homes sold in New Fairfield, CT in the month of November. The sale prices ranged from $40,0000 for a distressed property to $1,162,500 for a Candlewood Isle waterfront. The average price during that period was $336,132 and the average discount was about $23,000, or 6.3%, which means that on average for the month of November homes in New Fairfield sold at 93.7% of the asking price.

During the same period last year only 12 homes sold in New Fairfield, but the average price was higher at $419,083 and the discount rate was at a significantly higher 9.8%.

To take a look at the results for the entire year, 117 homes sold so far in 2011 through November 30th, at an average price of $396,831 and an average markdown of 7%.

In 2010 from January to November a similar number 118 homes sold, but again the average price was higher at $439,926 and the discount rate was a whopping 10.5%. The aggressive markdowns no doubt contributed to the lower (or more realistic) listing prices in 2011 and a narrowing of the difference between the asking price and the sold price.

In New Fairfield, as in most areas, home prices were depressed by short sales and foreclosures, but boosted by our vibrant Candlewood Lake waterfront market, luxury new construction and sales of higher end homes in newer subdivisions.

If you are curious as to where your home might sell in this market, call me or log on to my website at candlewoodgreenbroker.com.