CONDOS - FAIRFIELD
|
|
Number |
% Change |
Average |
% Change |
Inventory |
|
Currently on Market |
66 |
|
$463,477 |
|
11 mos. |
|
Sold Jan-Aug 2011 |
42 |
-29% |
$442,008 |
-2% |
|
|
Sold Jan-Aug 2010 |
59 |
|
$452,627 |
|
|
CONDOS - BRIDGEPORT
|
|
Number |
% Change |
Average |
% Change |
Inventory |
|
Currently on Market |
176 |
|
$123,949 |
|
11 mos. |
|
Sold Jan-Aug 2011 |
114 |
+13% |
$97,477 |
-12% |
|
|
Sold Jan – Aug 2010 |
99 |
|
$111,059 |
|
|
CONDOS – BLACK ROCK
|
|
Number |
% Change |
Average |
% Change |
Inventory |
|
Currently on Market |
16 |
|
$184,219 |
|
12 mos. |
|
Sold Jan-Aug 2011 |
12 |
+100% |
$145,117 |
-20% |
|
|
Sold Jan-Aug 2010 |
6 |
|
$180,750 |
|
|
It is still clearly a Buyer’s market in Fairfield, Bridgeport, and the Black Rock area of Bridgeport in 2011 so far with 11-12 months of inventory (more than 6 months of inventory is considered a Buyer’s market).
Fairfield has maintained high prices for its condos, but there is a slight decrease in the number of sales and sales prices. Bridgeport has increased its volume of condo sales, but prices are still decreasing. Black Rock has doubled the number of condo sales from the previous period, but prices are down 20%, primarily due to foreclosures and short sales. The lower end of the condo market is thriving with bargain hunters scooping up short sales and foreclosures. One recent foreclosure went into multiple bid selling at 11% more than asking (25 Ellsworth Street, #2, listed at $59,900 sold for $67,000).
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