Fairfield and Westport CT Real Estate Guide

Local insights on buying, selling, and living in Fairfield County

Tag Archives: Fairfield housing market


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Real Estate News – What Sold in September 2022: Fairfield & Westport CT

September 2022 housing numbers are in! How does September compare to the prior month, is there a slow down, and WHAT SOLD?? Curious what your home is worth?

Find out what happened in our local markets by downloading your free WHAT SOLD report with everything that sold in Fairfield and Westport in the previous month here. If you would like the report for another town, send me a request in the form below, and I will get it to you.

So, what are the numbers, Linda?

In Fairfield, September unit sales were down by 25 from August. The ratio of sale price compared to the list price was down two percent since August. The median sale price was also down, but the median days on market was the same.

In Westport, unit sales were down by 14 from the prior month. Sale price-to-list-price ratios averaged two percent lower than in August. The market time was up by 4 days compared to August.

Comparing September vs August,

Both towns saw fewer sales and sale prices closer to the asking price in September compared to August. The median sale price was lower in Fairfield and higher in Westport in September vs August. Market time was unchanged in Fairfield and longer in Westport.

Comparing September 2022 vs 2021,

Comparing September year over year, unit sales were down in both towns this year. The median sale price is still up from 2021. Market time was down in Fairfield and a few days longer in Westport.

Quick scoop on market status

FAIRFIELD – September 2022 vs August

Single-Family Homes

Units Sold: DOWN, 55 (vs 80)

Median Sale Price: DOWN, $853,000 (vs $908,000)

Average Sale vs. Asking Price: DOWN, 101% (vs 103%)

Median Days on Market: SAME 32 (vs 32)

Fairfield 2022 vs 2021

Units Sold: DOWN 27% (55 vs 75)

Median Sale Price: UP 4% ($853,275 vs. $820,000)

Days on Market: DOWN 25% (30 vs. 40)

WESTPORT – September 2022 vs. August

Single Family

Units Sold: DOWN, 34 (vs 48)

Median Sale Price: UP, $2,002,500 (vs $1,949,500)

Average Sale vs. Asking Price: DOWN, 101% (vs. 102%)

Median Days on Market: UP, 39 (vs 35)

Westport 2021 vs 2022

Units Sold: DOWN 17% (35 vs 42)

Median Sale Price: UP 41% ($2,080,000 vs $1,475,000)

Days on Market: UP 12% (37 vs 33)

Wondering if now’s a good time to make a move?

Curious what your home is worth?

You may also be wondering if prices will be coming down and if you should make a move now. For monthly charts showing more market parameters in your towns of interest, take a look at the Raveis Local Housing Data, and contact me to discuss the market and your plans.

If you’re thinking of making a move in the next 12 months or have any questions, call directly or send a note to Linda Raymond below.

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#RealEstateMarketJuly2022 #HousingPrices #HomeValues #HomeAppreciation #HomeBuying #HomeSelling #FairfieldCTRealEstate #WestportCTRealEstate #WilliamRaveisRealEstate #YourCastleMyMission #LindaRaymondRealEstate


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Linda’s What Sold Report: August 2022, Fairfield & Westport CT

August 2022 housing numbers are in! How does August compare to the prior month, and WHAT SOLD??

Click image for Instagram Reel with Linda’s quick market update at the end of August!

Find out what happened in our local markets by downloading your free WHAT SOLD report with everything that sold in Fairfield and Westport in the previous month here. If you would like the report for another town, send me a request in the form below, and I will get it to you.

So, what are the numbers, Linda?

In Fairfield, unit sales and market time were down a bit from July. The average sale-to-list price ratio was down two percent since July. In Westport, unit sales were up by four from the prior month. Sale prices averaged 102% of the list price which was four percent lower than it was in July. The market time was up by 15 days compared to July. Homes were selling closer to the asking price in August in both towns compared to July.

FAIRFIELD – August 2022 vs July

Single-Family Homes

Units Sold: 80 (vs. 89)

Median Sale Price: $908,000 (vs. $899,000)

Average Sale vs. Asking Price: 103% (vs. 105%)

Median Days to Contract: 32 (vs. 35)

WESTPORT – August 2022 vs. July

Single Family

Units Sold: 48 (vs. 44)

Median Sale Price: $1,949,500 (vs. $2,080,000)

Average Sale vs. Asking Price: 102% (vs. 106%)

Median Days to Contract: 35 (vs. 20)

Wondering if now’s a good time to make a move?

You may be wondering if prices will be coming down and if you should make a move now.

For monthly charts showing more market parameters in your towns of interest, take a look at the Raveis Local Housing Data, and contact me to discuss the market and your plans.

If you’re thinking of making a move in the next 12 months or have any questions, call directly or send a note to Linda Raymond below.

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Thank you for your response. ✨

#RealEstateMarketJuly2022 #HousingPrices #HomeValues #HomeAppreciation #HomeBuying #HomeSelling #FairfieldCTRealEstate #WestportCTRealEstate #WilliamRaveisRealEstate #YourCastleMyMission #LindaRaymondRealEstate


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What Sold in Fairfield & Westport CT in July 2022, and Should You Make a Move?

July 2022 Numbers are in! How does July compare to the previous month, and WHAT SOLD?!

Find out what happened in our local markets by downloading your free WHAT SOLD report with everything that sold in Fairfield and Westport in the previous month here. If you would like the report for another town, send me a request in the form below, and I will get it to you.

So, what are the numbers, Linda?!

In Fairfield, unit sales and market time were up a bit, and the median sale price compared to the asking price was down slightly compared to June. In Westport, unit sales were down from June, and the percentage over asking was also not as high as it was in June. The median days on market were almost the same. If you glance at the two graphs below, you will see the continued trend of upward appreciation of home values in both towns.

FAIRFIELD – July 2022 (vs. June)

Single-Family Homes

Units Sold: 89 (vs. 84)

Median Sale Price: $899,000 (vs. $935,500)

Average Sale vs. Asking Price: 104% (vs. 105%)

Median Days to Contract: 35 (vs. 22)

Fairfield Median Sale Price Trend: 3-Month Averages

WESTPORT – July 2022 (vs. June)

Single Family

Units Sold: 44 (vs. 61)

Median Sale Price: $2,080,000 (vs. $2,076,500)

Sale vs. Asking Price: 103% (vs. 108%)

Median Days to Contract: 20 (vs. 21)

Westport Median Sale Price Trend: 3-Month Averages

Wondering if now’s a good time to make a move? (Mark, pictured above, sure is!)

You may be wondering if prices will be coming down and if you should make a move now.

For monthly charts showing more market parameters in you towns of interest, take a look at the Raveis Local Housing Data, and contact me to discuss the market and your plans.

If you’re thinking of making a move in the next 12 months or have any questions, call directly or send a note to Linda Raymond below.

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Thank you for your response. ✨

#RealEstateMarketJuly2022 #HousingPrices #HomeValues #HomeAppreciation #HomeBuying #HomeSelling #FairfieldCTRealEstate #WestportCTRealEstate #WilliamRaveisRealEstate #YourCastleMyMission #LindaRaymondRealEstate


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What Sold in Fairfield & Westport CT in June 2022, and Should You Make a Move?

June 2022 Numbers are in! How did June compare to the previous month, and what sold?

What happened in the Fairfield housing market in June compared to the prior month?

Find out what happened in our local markets by downloading your free WHAT SOLD report with everything that sold in Fairfield and Westport in the previous month here. If you would like the report for another town, send me a request in the form below, and I will get it to you.

Wondering if now’s a good time to make a move?

You may be wondering if prices will be coming down and if you should make a move now. Take a look at the Raveis Local Housing Data, and contact me to discuss the market and your plans.

FAIRFIELD June 2022

Single-Family Homes

Units Sold: 84

Median Sale Price: $935,500 (range $355,000 – $8,812,500)

Average Sale vs. Asking Price: 105%

Median Days to Contract: 22

WESTPORT June 2022

Single Family

Units Sold: 61

Median Sale Price: $2,076,500 (range $621,000 – $9,700,000)

Sale vs. Asking Price: 108% (range 85% – 149%)

Median Days to Contract: 21

If you’re thinking of making a move in the next 12 months or have any questions, call directly or send a note to Linda Raymond below.

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Get Local Housing Data in Real-Time!

The 2021 housing market is still hot and median sale prices are still up! 📈⬆️⭐️ 

Did you know you can easily compare real-time sales and inventory trends on our Local Housing Data link which you can keep right on your phone? Or for comprehensive local data reports, sign up for our Local Market Insights newsletter on raveis.com.

Take advantage of all of our curated tools to help you make your move and contact me today, 203.912.4440.

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#2021 #LindaRaymondRealtor #WilliamRaveis #TheBestJustGotBetter #RealEstateMarketUpdate #RealEstate #IntheKnow #NumbersDontLie


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Christmas Eve 2020 Was a Great Beach Day at Penfield in Fairfield, CT!

Who would think that Penfield Beach was the place to be at around noon on Christmas Eve 2020?

The temperature was mild but the winds were high, so the walkers, dogs, and sea gulls were there along with about a dozen kite boarders in wet suites. The scene was festive and vibrant as always, and a great way to kick off the holiday week!

What a fabulous town to call home! If you are thinking of making a move, you can set up your own search here to browse homes in any areas that intrigue you. If you are thinking of moving cross-country or overseas, I can refer you to the perfect agent through my elite brokerage network and oversee your satisfaction with them. Give me a call at 203.912.4440, visit my website, or send a note in the form below, and let me lead the way!

#penfieldbeach #Christmas2020# christmasathebeach #fairfieldct #lovethebeach

 

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Winter Real Estate Word on the Street from Linda

Want a break from politics, pandemics, and gift returns? Here’s my Winter 🌲Word on the Street! 🏡 Let me know if you would like to be added to the quarterly distribution. 👍🏻

If you’re considering a move to or from this area, you can set up your own MLS search here and check out the market. Feel free to reach out to me any time via phone, 203.912.4440, my website, or a note in the form below. I’m always here to help.

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Fairfield Beach in Review: December 2020

Quick Request:  If you received a postcard of the picture below and/or saw it on Facebook, please let me know in the comment form at the end of this post! Thanks!   

Market Activity on
Fairfield Beach Road, Pine Creek Avenue, & Old Dam Road

What’s On the Market?

Active Beach Listings

Fairfield Beach Road

  • 10 single-family homes are for sale.
  • Three are new construction listings priced from $1,495,000 for a creekside property to $2,995,000.
  • Four properties have a dock on the Pine Creek waterway.
  • Three of the properties have a dock on the creek.
  • The highest-priced home listed for $4,9999,000 sits on the beach and has a large guest house.
  • The lowest-priced home has a non-buildable lot on the beachfront with a cottage on the creek across the street from it.

There is one active listing on Pine Creek Ave but no active listings on Old Dam Road.

What Has Sold Since Mid-October?

Sold on the beach 2020

  • Eight single-family homes sold at the beach from October 15 through December 8 including two on Pine Creek Avenue.
  • One condo sold on Fairfield Beach Rd across from the beach for $728,000.
  • Single-family sale prices ranged from $985,000 to $4,150,000.

What About Accepted Offers?

  • There are currently two accepted offers on Fairfield Beach Rd between $2,000,000 and $3,000,000.
  • There is one accepted offer on Pine Creek Avenue for a home priced at $1,650,000.

In stark contrast, last year in 2019 during the same timeframe from October 15 through December 8, there was only one beach sale, 296 Pine Creek Avenue for $2,900,000!

So the word on the street is that the holidays are right around the corner, and there is a lot of merry and bright activity at the beach!

Click here to set up your own search.

If you have any questions about this market and what it can mean for you, please reach out to me at 203.912.4440, Linda.Raymond@raveis.com , visit my website, or using the form below.  I’m here to help!

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Fairfield Beach in Review: October 2020

Market Activity on
Fairfield Beach Road, Pine Creek Avenue, & Old Dam Road

What’s On the Market?

Active Beach Listings

Fairfield Beach Road

  • 12 single-family homes are for sale.
  • Five are new construction listings priced from $1,495,000 to $2,995,000. Two have not been built yet.
  • Of note is that there are three new construction listings priced at $2,995,000. One is on more than a third of an acre and sits across from Penfield Beach and the other two are on small lots on the beachfront near the very end of the peninsula.
  • Four properties have a dock on the Pine Creek waterway.
  • Two of the properties have a guest house.

There are no active listings available on Pine Creek Ave or Old Dam Road.

What Sold, Mid-August to Mid-October?

Sold & Accepted Offers

  • Five single-family homes sold at the beach from August 15 through October 15.
  • Two condos sold, one on Fairfield Beach Rd across from the beach for $715,000 and a penthouse on Pine Creek Avenue for $1,125,000.
  • Single-family sale prices ranged from $1,560,000 to $5 million.

What About Accepted Offers?

  • There are currently six accepted offers on Fairfield Beach Rd with prices ranging from $728,000 for a non-beachfront condo to $4,495,000.
  • There is one accepted offer on Pine Creek Avenue for a home priced at $995,000.

Interestingly, compared to last year, the same sales activity occurred during this timeframe.  Five homes sold and two condos sold, one condo on Fairfield Road, and one on Pine Creek Avenue.  However, the sale prices for the single-family beach houses were quite a bit lower, ranging from $700,000 to $1,750,000 last year, mid-August  to mid-October.

So the word on the street is that air may be getting cooler, but the waterfront market remains quite warm!  Who is ready to take a dip? 🙂

 If you have any questions about this market and what it can mean for you, please reach out to me at 203.912.4440, Linda.Raymond@raveis.com , or using the form below.  I’m here to help!

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Fairfield Beach in Review: August 2020

Market Activity on
Fairfield Beach Road –  Pine Creek Avenue – Old Dam Road

What’s On the Market?

Active Beach Listings

Fairfield Beach Road

  • 12 single-family homes are for sale.
  • Four are new construction listings priced from $1,500,000 to $3,200,000. Three are complete and sit across the street from the water. Two are under construction, one on the creek, and one on the beach with a creekside parcel and a dock.
  • Seven of the listings are on direct beachfront and priced from $1,700,000 to $5 million.  Two of these have additional creekside property, and one also has a dock on the creek.
  • There are three creek-front listings priced from $2 million for a home with a dock to $2,570,000 for a new home under construction.

Pine Creek Ave

  • There is one waterfront property for sale for $2,495,000.

Old Dam Road

  • There is one property for sale on about a third of an acre that is not on the waterfront for $875,000.

What Sold, Mid-June to Mid-August?

Sold & accepted offers since mid-June

  • Four single-family homes sold since mid-June including three on Fairfield Beach Road, and one on Old Dam Road.  Two were on the beachfront and two on the waterway.
  • One condo across the street from the water sold on Fairfield Beach Road for $715,000.
  • Single-family sale prices ranged from $700,000 for a home not on the water on Old Dam Road to $3 million for beachfront renovation/new construction on Fairfield Beach Road.

What About Accepted Offers?

  • There are currently two homes under contract, a three-years-young beachfront home on Fairfield Beach Road listed for $2,795,000 and a beachfront condo on Pine Creek Avenue on the market for $1,135,000. 
  • Three homes on the beach have accepted offers with list prices ranging from $1,695,000 to $2,395,000.

1690 Fairfield Beach Rd - Sold

There have been nine sales so far this year through August 15 compared to 14 last year during this timeframe, however the five accepted offers should catch us up. One improvement we have seen this year is the beach homes selling closer to the asking price. On average the nine sales this year closed at 96 percent of the asking price compared to 94% last year.

Still, this year’s beach market has been a bit slow compared to other blazing markets driven by the pandemic. For example, in the entire Fairfield Beach Area (including homes closer to town), there were 95 sales year to date that sold for an average of 97 percent of asking compared to 78 sales YTD in 2019 selling on average for 96 percent of asking.

So the word on the street is that we may be in the dog days of summer at the beachfront, but the market overall is still hot!

 If you have any questions about this market and what it can mean for you, please reach out to me at 203.912.4440, Linda.Raymond@raveis.com , or using the form below.  I’m here to help!

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