New Fairfield, CT - February, 2007 Real Estate Market Report

New Fairfield, Connecticut Real Estate Update
February, 2007

Closed home sales in New Fairfield, Connecticut:

In February of 2007, there were 11 home sales closed in New Fairfield, CT.
List Prices ranged from $250,000 - $1,270,000.
Closed Sales Prices ranged from $230,000 - $1,322,000.

The average closed real estate sales price for New Fairfield was $495,604.
The median closed real estate sales price for New Fairfield was $392,500.
On average, these homes sold for 98% of their list price.
Days on Market ranged from 10 - 285 days, with the average being 124 days of market time.

This compares with 7 closed sales in February, 2006, with an average sales price of $363,428 and a median sales price of $342,500.


Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 113 homes for sale in New Fairfield, CT.
List Prices range from $150,000 - $5,500,000.

1 Bedroom Cottages:  There are three available from $199,000 - $300,000
2 Bedroom Homes:  There are twenty-one available from $209,000 for a 720 +/- square foot ranch to $880,000 for a home with Candlewood Lake water frontage.
3 Bedroom Homes:  There are forty-six available from $245,000 for a bank-owned as-is ranch to $1,795,000 for a spacious, newer home with direct frontage on Candlewood Lake.
4+ Bedroom Homes:  There are forty-three available from $333,000 for a ranch home on a main road 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
203.746.1199
Connecticut Real Estate and Homes for Sale

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