New Fairfield, Connecticut Real Estate Update
December, 2008
Closed home sales in New Fairfield, Connecticut:
There were 7 home sales closed in New Fairfield, CT.
The average closed real estate sales price for New Fairfield was $353,928.
The median closed real estate sales price for New Fairfield was $417,500.
On average, these homes sold for 93% of their final list price.
Days on Market averaged 96 days of market time.
** NOTE: 96 days on market, on average, is an incredibly low number in this market.
This compares with 3 closed sales in December, 2007, with an average sales price of $446,666 and a median sales price of $440,000.
Currently available homes for sale in New Fairfield, Connecticut:
Currently, there are 94 homes for sale in New Fairfield, CT.
List Prices range from $118,000 for a small, fixer bungalo that is bank-owned to $10,000,000 for a waterfront estate on more than 40 acres.
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 & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale
Data compiled from the Greater Fairfield County MLS and believed to be accurate
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