New Fairfield, CT January 2007 Market Report

New Fairfield, Connecticut Real Estate Update
January 2007

Closed home sales in New Fairfield, Connecticut:

In January of 2007, there were 12 home sales closed in New Fairfield, CT.
List Prices ranged from $329,999 - $1,299,000.
Closed Sales Prices ranged from $289,350 - $1,250,000.

The average closed real estate sales price for New Fairfield for the month of January was $610,000.
On average, these homes sold for 94% of their list price.
Days on Market ranged from 50 - 382 days, with the average being 155 days of market time.

However, homes that were priced correctly for the market sold for 96% - 100% of their list price.

This compares with 3 closed sales in January, 2006, with an average sales price of $290,000.


Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 88 homes for sale in New Fairfield, CT.
List Prices range from $150,000 - $5,500,000.

1 Bedroom Cottages:  There are three available from $200,000 - $300,000
2 Bedroom Homes:  There are twenty available from $215,000 for a small ranch to $850,000 for a home with Candlewood Lake water frontage.
3 Bedroom Homes:  There are twenty-six available from $265,000 - $1,500,000 for a home with level, direct frontage on Candlewood Lake.
4+ Bedroom Homes:  There are twenty-nine available from $350,000 for a remodeled cape to $5,500,000 for a palatial, gated home with more than 17 acres of Candlewood Lake water frontage. 

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
Prudential Connecticut Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Consolidated MLS and believed to be accurate.