Fairfield, CT

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.

Through July 31st, 37 Single Family homes have been sold in the Stratfield Neighborhood. This is down 30% from the prior year when 53 homes sold. This total is off 46% from the 68 homes that sold in 2007. It appears that the "train station effect" has not had a big impact. Fairfield is building a third train station much closer to this neighborhood which should attract more commuters.

Let's take a look at how prices are holding up. The Average Selling Price so far this year is $461,432. This value is 17% below the 2008 Average Selling Price of $553,714.

There are currently 43 Homes for Sale in the Stratfield Area ranging in price from $359,900 to $929,000. If you would like more information on these homes, please visit www.tetreau.com

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

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. If you would like more information on any of these homes, please visit www.tetreau.com

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

The recent slowing in sales has hit the prestigious Greenfield Hill neighborhood too. This section of Fairfield is home to some of the largest properties and estates in town. As of July 31, 31 Single Family homes have been sold. This is down 25% from the homes sold last year. It is a decrease of 55% from the 69 homes that sold during this period in 2007.

The Average Selling Price for the year is $1,183,563. This compares to an average for last year of $1,319,107 or a 10% decline. It is off 18% from the same period in 2007 when Homes averaged $1,445,488.

The higher end homes seem to be feeling the impact of this downturn too. There were 4 Homes sold for over $2 Million this year compared to 12 homes in 2007. This represents a decline of 66%.

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

To see all the homes in Fairfield County for sale, please visit http://www.tetreau.com