According to Al Filippone’s Fairfield Real Estate Snapshot, the number of homes sold in town is up significantly from 2011 and 2012. The average list and sale price is also on the rise, and there is a five month supply of inventory available.
According to this Snapshot, the average list price trends were as follows:
- 2011(Jan. through Sept.): $723,125
- 2012: $685,392
- 2013: $700, 502
The average number of days houses were on the market were:
- 2011: 111
- 2012: 113
- 2013: 95
The number of homes listed for sale has been steadily increasing:
- 2011: 1,050
- 2012: 1,057
- 2013: 1,569
Realtor Renee Daley, VP of Sales, also with Al Filippone Associates, 75 Station Street Southport, shares the Top 5 Most Expensive houses on the market in Fairfield/ Southport:
- #1143 Sasco Hill Road in Southport: $62,000,000
- #1131 Sasco Hill Road in Southport: $21,000,000
- #828 Sasco Hill Road in Southport: $8,995,000
- #4900 Congress Street in Fairfield: $8,500,000
- #581 Sasco Hill Road in Southport: $8,250,000
581 Sasco Hill Road, $8,250,000
Visit eyeonfairfield.com or call 203-241-7461
Realtor Susan Tortora, William Raveis Southport, explains a recent trend in the search for a new home. An increased number of buyers are now reaching for their cell phones and using mobile app search tools.
Tortora noted, "Currently we have 474 single family homes for sale with an average asking price of $1,160,000. The most popular price range for activity is $500 to $600,000. There are currently 60 homes on the market in this price range. In the past year we have sold 696 homes, with a high sale of $11,200,000 and an average price of $723,000. This year’s average price is up 8% from the previous year – good news for our Fairfield market!"
4900 Congress Street $8,500,000
Tortora’s Tip: Understand the rule of agency and always know who is representing you in any transaction. If you are buying a home, you are wise to work with a local Buyers Agent who is in close connection with Listing Agents and knows the nuances of your local market. susan.tortora@raveis.com or 203-331-3395.
Cool new Real Estate Collaborations: The Penske Automotive Group, 475 Commerce Ave, is participating in joint ventures with local Realtors and Charities. Most recently, an Operation Hope event was held with The Vanderblue Team, The Higgins Group. Ten luxury homes were available to the public for tours, immediately followed by the Festive Fall Gala Wine Tasting and Silent Auction. The winning raffle ticket prize: a weekend’s proprietorship of an All New CLA-Class Mercedes. All proceeds benefitted Operation Hope. For more information, please call David Koczak at 203-337-9049.