Residential real estate home sales in Fairfield, CT, continue to decline. The median sale price in Fairfield for November 2014 was $522,250. (Down from $600,000 in October 2013.) A total of 42 residential homes sold in Fairfield in November, only 4 were new construction. Last November, 57 homes sold, 7 of which were new construction.
THE LOWEST PRICE HOME
The home that sold for the lowest price was a 720 square foot cape with 2 bedrooms and 1 bath that was built in 1943 on .12 acres on 563 Jennings Road. It sold for $150,000 ($10,000 MORE than list price). It sold in 108 days.
THE HIGHEST PRICE HOME
The home that sold for the highest price was a 3,390 square foot home with 5 bedrooms and 3 baths on .61 acres on 1811 Fairfield Beach Rd. It sold for $2,900,000.($300,000 less than the asking price.) It was a colonial style home built in 1924 that had been on the market for 185 days.
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.