New Fairfield, CT

New Fairfield, Connecticut Real Estate Update
April, 2011

Closed home sales in New Fairfield, Connecticut:

There were 11 home sales closed in New Fairfield, CT.

The median closed real estate sales price for New Fairfield was $375,000.

On average, these homes sold for 88% of their final list price.

Days on Market averaged 261 days of market time.

** Only 1 of these sales were distressed sales - bank-owned properties or short sales.

This compares with 15 closed sales in this month one year ago, with a median sales price of $412,000.

Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 87 homes for sale in New Fairfield, CT.
List Prices range from $74,500 for a bank-owned fixer to $2,450,000 for a spacious Candlewood Lake waterfront home.

New Fairfield, Connecticut is a small community of about 14,000 residents that borders New York State to the west and Candlewood Lake to the east. Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities. New Fairfield enjoys a convenient commute location to lower Fairfield County and Westchester County, New York. New Fairfield is situated just over an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate Broker
203.947-1107
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate

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

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.

The lovely Candlewood Lake town of New Fairfield, CT invites you to participate in its upcoming Holiday Activities:

13th Annual Holiday Tree Lighting

Saturday, December 3rd

(rain/snow date - Sunday, December 4th)

Festivities start at 4:00PM on Memorial Field

Come join Santa and Mrs. Clause as we light the New Fairfield Holiday Tree.

For more information regarding Holiday Activities in New Fairfield,

call Parks and Recreation at 203-312-5633

If you arrive early, you might have time to stop in at the 2011 Holiday Boutique sponsored by the New Fairfield/Sherman Animal Welfare Society. It will be held from 10:00am to 4:00pm in the Senior Center Community Room. The Boutique will feature holiday crafts, gifts, ornaments, decorations, wreaths and more! All proceeds will benefit the New Fairfield/Sherman Animal Welfare Society. As part of your own holiday activities, you might even decide to enrich your family by adopting a dog or cat from the shelter!

On your way to Memorial Field for the Holiday Tree Lighting Ceremony, you should visit the charming New Fairfield Library to peruse its selections of books and DVD's, pick up some FREE Admission Museum Passes or see how you could sign up for some fun Continuing Education courses online, or at the library.

As you are enjoying this and other festive holiday activities, you may want to look around and view some houses in

New Fairfield, CT as well. Our homes range from antique cottages to sprawling estates in woodland, waterfront or neighborhood settings. Real Estate in New Fairfield is alive and thriving, there are many good choices for year-round and vacation/summer or week-end properties, at great values. Please call if you have any questions 203-746-2909, or visit my website for more area information such as New Fairfield schools, community statistics, real estate in New Fairfield, (or other Connecticut towns), market trends, etc. Go to candlewoodgreenbroker.com. Happy Holidays!

THINGS TO DO AROUND CANDLEWOOD LAKE IN FAIRFIELD COUNTY, CONNECTICUT

It’s not too late to come out to enjoy the foliage! The weather man is promising nice, sunny fall days for this week-end, take advantage of it. The unexpected October snow storm did leave us some color on the trees, although the lengthy power outage sort of robbed us of Halloween.

Take a hike in the woods or visit some of the apple-picking places that are still open for business, although probably no longer for apples. Their country shops are full of delicious local apple varieties, cider, doughnuts, fun holiday items and more. There are even wine trails and wine-tastings! Some farms have petting zoos for children and corn mazes. See the list below for most convenient locations. Be sure to call first to see if they’re definitely open or check the websites!

Bluejay Orchards
125 Plumtrees Road
Bethel, Fairfield County CT
203-748-0119

Jones Family Farms
266 Israel Hill Road
Shelton, Fairfield County CT
203-929-8425

McLaughlin Vineyards
14 Albert's Hill Road
Sandy Hook, Fairfield County CT
203-426-1533

Silverman's Farm
451 Sport Hill Road
Easton, Fairfield County CT
203-268-0321

Warrups Farm
51 John Read Road
West Redding, Fairfield County CT
203-938-9403

Have fun in northwestern Fairfield County by Candlewood Lake! It’s just over an hour’s drive from New York City, a short trip that takes you into a different world of New England charm. If you like what you see and think you might enjoy a week-end, vacation or year-round home in the area, give me a call and I'll show you what's available. There are some terrific values out there - from cottages to estates in lakefront, woodland and village settings. Explore local real estate -- just click on the link and enjoy!

Please Welcome Olga Simoncelli!

Please welcome Olga to Active Rain. She is a Broker from New Fairfield, CT, and covers the Danbury area.

Olga Simoncelli joined Active Rain a while ago, and has been " lurking " around, making comments occasionally, and doing lots of reading. She has been around long enough to see familiar faces every time she logs in! When she came to our Meet Up at my home, she knew most everyone from their blogs already!

Olga Simoncelli will be a wonderful addition to Active Rain with her great writing skills and keen eye for the fun and crazy stuff in her area.

As a matter of fact, she just wrote such a post on her area - go check it out!.

Please Welcome Olga Simoncelli!