Westport and Fairfield Connecticut real estate market perforamnce 3Q 2011 from Steve Reilly

Highlights for Fairfield Include:

Regarding median selling price:

• Trend is down
• Peak was 3Q 2008 $640,000
• Low was 1Q 2009 $463,000
• Last quarter 3Q 2011 was $550,000
• 3Q 2011 was 14% below peak and 19% above lowest quarter

Regarding Properties sold:

• Trend is down
• Low was 1Q 2009 when 80 properties sold
• High was 3Q 2005 when 323 properties sold
• Last quarter 3Q 2011 171 properties sold

Highlights for Westport Include:

Regarding median selling price:

• Trend is down
• Peak was 3Q 2008 $1,435,000
• Low was 2Q 2009 $928,000
• Last quarter 3Q 2011 was $957,000
• 3Q 2011 was 33% below peak and 3% above lowest quarter

Regarding Properties sold:

• Trend is down
• Low was 1Q 2008 when 48 properties sold
• High was 3Q 2005 when 177 properties sold
• Last quarter 3Q 2011 113 properties sold

The source of this analysis is CMLS. We perform this analysis as a tool in establishing a pricing strategy for our listings. If you want to receive a monthly update send an email to swreilly@swreilly.com with “request monthly real estate market update” in the subject and you will receive our monthly newsletter.

Regards, Steve

Steve Reilly, Realtor

Higgins Group

Best Practice Real Estate

203-246-7372