Despite gradually declining mortgage rates over the course of the year, home sales in Fairfield continue a downward trend. The median sale price in Fairfield for October 2014 was $522,500.  (Down from $592,500 in October 2013.) A total of 38 residential homes sold in Fairfield in October, only 4 were new construction. Last October, 42 homes sold, 6 of which were new construction.

132 Marlborough Terrace, Fairfield, CT

132 Marlborough Terrace, Fairfield, CT

132 Marlborough Terrace
The home that sold for the lowest price was a 1,100 square foot bungalow with 4 bedrooms and 1 bath that was built in 1915 on .13 acres on 132 Marlborough Terrace. It sold for its list price of $140,000. It sold in just 10 days.

126 Carlynn Dr.
The home that sold for the highest price was a new construction 4,467 square foot home with 5 bedrooms and 4/1 baths on .25 acres on 126 Carlynn Dr. It sold $225,000 less than asking price for $1,700,000. It was a colonial style home that had been on the market for 90 days.

126 Carlynn Dr. Fairfield, CT

126 Carlynn Dr. Fairfield, CT

With low interest rates and a nice housing inventory now is great time to buy a home.  Call Kelly Sohigian today at 203.258.5709.