The housing market for Fairfield remained sluggish in November, even though the median sale price increased 8.42% from October. For the year, home prices are down 7% since January, trailing 2018. Fifty-four house sold in November (a slight increase from October), out of 428 that were for sale. That number is down from October (498), as fewer homes came on the market. November sales took longer than in October, as the days on market jumped from 85 to 105 for. Slow sales and lower prices are not uncommon during the months heading toward Winter. These numbers follow the cyclical trends of the past several years, with 2019 trending lower than 2018. Buyers and refinancers are still enjoying favorable interest rates, as the national averages have remained steadily below 4% since the beginning of June. If you have any questions, or if you know anyone who is thinking of buying or selling real estate, I’d be happy to speak with you.
12 Month Sales Activity
Housing Stats
(change from previous month)
| Median Sale Price: | $553,750 |
| change: | 8.42% |
| YTD change: | -7.32% |
| Units Sold: | 54 |
| change: | 8.00% |
| Active Listings: | 428 |
| change: | -13.01% |
| New Listings: | 60 |
| change: | -46.90% |
| Days on Market: | 105 |
| change: | 23.53% |
| Months of Supply: | 6.80 (Buyer's Market) |
| change: | -12.82% |
November Single-Family Home Sales
(OLP: original list price • LP: list price • SP: sale price • DOM: days on market)
| Address | Style | sq ft | BR | BA (f/h) | OLP | LP | SP | SP/OLP | DOM |
| 165 Bennett St. | Cape Cod | 1,134 | 4 | 1/0 | $234,000 | $190,000 | $206,100 | 88% | 122 |
| 320 Round Hill Rd. | Cape Cod | 1,288 | 4 | 2/0 | $485,000 | $465,000 | $436,250 | 90% | 77 |
| 163 Springer Rd. | Colonial | 2,076 | 4 | 2/1 | $673,420 | $599,900 | $460,000 | 68% | 141 |
| 109 Farist Rd. | Split Level | 1,500 | 3 | 2/0 | $485,000 | $485,000 | $470,000 | 97% | 23 |
| 291 Short Hill Lane | Split Level | 1,784 | 4 | 2/0 | $599,000 | $525,000 | $485,000 | 81% | 170 |
| 172 Eastlawn St. | Colonial | 3,207 | 4 | 3/1 | $899,900 | $625,000 | $617,000 | 69% | 401 |
| 561 S. Pine Creek Rd. | Colonial | 1,520 | 3 | 1/1 | $559,000 | $475,000 | $475,000 | 85% | 281 |
| 122 Limerick Rd. | Colonial | 2,370 | 4 | 2/1 | $765,000 | $765,000 | $740,000 | 97% | 33 |
| 177 Old Mill Rd. | Colonial | 2,675 | 4 | 3/1 | $895,000 | $847,000 | $826,000 | 92% | 261 |
| 65 Rena Place | Cape Cod | 1,355 | 4 | 1/1 | $349,000 | $309,000 | $309,000 | 89% | 48 |
| 9 Wildwood Rd. | Cape Cod | 1,594 | 3 | 2/0 | $439,900 | $439,900 | $410,000 | 93% | 11 |
| 139 Northwood Rd. | Colonial | 2,710 | 5 | 3/1 | $668,900 | $668,900 | $638,000 | 95% | 95 |
| 875 Mill Hill Rd. | Colonial | 4,093 | 5 | 4/0 | $799,000 | $799,000 | $735,000 | 92% | 58 |
| 160 Morehouse Lane | Cape Cod | 5,920 | 4 | 5/2 | $999,000 | $999,000 | $950,000 | 95% | 64 |
| 154 Mill Hill Terrace | Colonial | 4,300 | 4 | 3/1 | $1,398,000 | $1,398,000 | $1,320,000 | 94% | 65 |
| 127 Blaine St. | Ranch | 1,040 | 3 | 1/0 | $465,000 | $465,000 | $417,000 | 90% | 81 |
| 20 Lynnbrook Rd. | Colonial | 3,192 | 4 | 2/1 | $539,900 | $539,900 | $535,000 | 99% | 45 |
| 105 Warner Hill Rd. | Colonial | 3,112 | 4 | 2/1 | $1,250,000 | $1,100,000 | $1,000,000 | 80% | 188 |
| 245 Old Stratfield Rd. | Colonial, Farm House | 1,585 | 3 | 2/0 | $329,000 | $295,977 | $292,500 | 89% | 165 |
| 425 Gilbert Hwy. | Colonial | 2,798 | 5 | 2/1 | $559,000 | $529,000 | $510,000 | 91% | 38 |
| 365 Penfield Rd. | Colonial | 3,530 | 4 | 5/0 | $925,000 | $899,000 | $800,000 | 86% | 133 |
| 717 Rolling Hills Dr. | Colonial | 5,011 | 5 | 3/1 | $1,025,000 | $1,025,000 | $940,000 | 92% | 99 |
| 35 Bonney Terrace | Cape Cod | 1,601 | 3 | 2/0 | $475,000 | $449,000 | $410,000 | 86% | 112 |
| 2361 Hillside Rd. | Cape Cod | 1,685 | 3 | 2/0 | $659,900 | $479,900 | $416,000 | 63% | 352 |
| 81 Wilton Rd. | Cape Cod | 2,431 | 4 | 3/0 | $489,900 | $479,000 | $440,000 | 90% | 53 |
| 14 Valley Lane | Ranch | 2,322 | 2 | 2/1 | $440,000 | $440,000 | $446,000 | 101% | 45 |
| 101 Henry St. | Cape Cod | 2,234 | 4 | 2/1 | $749,000 | $749,000 | $725,000 | 97% | 25 |
| 40 Madison Hill, Unit #40 | Colonial, Contemporary | 3,800 | 4 | 3/2 | $799,900 | $799,900 | $780,000 | 98% | 45 |
| 1314 Mill Plain Rd. | Colonial | 3,871 | 4 | 3/1 | $959,900 | $939,000 | $910,000 | 95% | 112 |
| 430 Reid St. | Ranch | 2,327 | 4 | 2/0 | $639,900 | $545,000 | $545,000 | 85% | 116 |
| 1406 Brookside Dr. | Colonial, Antique | 2,229 | 3 | 2/1 | $798,000 | $650,000 | $612,000 | 77% | 437 |
| 138 Sunnyridge Ave. | Cape Cod | 2,061 | 3 | 1/0 | $395,000 | $335,000 | $305,000 | 77% | 611 |
| 15 Harvester Rd. | Ranch | 1,652 | 4 | 2/0 | $439,000 | $419,000 | $380,000 | 87% | 126 |
| 38 Maple Dr. | Cape Cod | 1,741 | 4 | 3/0 | $634,000 | $579,000 | $562,500 | 89% | 54 |
| 1400 N. Benson Rd. | Cape Cod, Colonial | 3,119 | 4 | 3/1 | $749,000 | $639,000 | $590,000 | 79% | 204 |
| 2059 Burr St. | Cape Cod, Colonial | 5,092 | 5 | 4/1 | $1,099,000 | $1,099,000 | $1,055,000 | 96% | 101 |
| 200 Jessica Lane | Colonial | 6,791 | 5 | 4/2 | $1,999,000 | $1,699,000 | $1,580,000 | 79% | 199 |
| 289 Fairview Ave. | Colonial | 1,320 | 3 | 1/0 | $359,900 | $359,900 | $282,500 | 78% | 51 |
| 508 Cornell Rd. | Colonial | 3,162 | 5 | 3/1 | $349,500 | $349,500 | $300,000 | 86% | 188 |
| 52 Adelaide St., Unit #52 | Cape Cod | 2,496 | 3 | 2/0 | $340,000 | $325,000 | $325,000 | 96% | 56 |
| 14 Davis Rd. | Ranch | 3,740 | 4 | 1/1 | $460,000 | $449,000 | $430,000 | 93% | 137 |
| 3175 Redding Rd. | Colonial | 2,624 | 4 | 2/1 | $699,900 | $599,500 | $585,000 | 84% | 167 |
| 411 Birch Rd. | Colonial | 4,500 | 5 | 4/1 | $2,389,000 | $2,389,000 | $2,389,000 | 100% | 72 |
| 254 Penfield Rd. | Colonial | 4,800 | 5 | 4/1 | $2,289,000 | $2,289,000 | $2,389,000 | 104% | 40 |
| 5060 Congress St. | Colonial | 12,540 | 6 | 7/2 | $2,995,000 | $2,995,000 | $2,700,000 | 90% | 148 |
| 521 Cascade Dr. | Cape Cod | 1,629 | 3 | 2/0 | $529,000 | $479,000 | $470,000 | 89% | 113 |
| 113 Beaumont St. | Colonial | 1,320 | 3 | 2/0 | $545,000 | $529,000 | $520,000 | 95% | 108 |
| 103 Barlow Plain Dr. | Ranch | 2,460 | 4 | 3/0 | $689,000 | $599,000 | $575,000 | 83% | 156 |
| 431 Knapps Hwy. | Cape Cod | 1,201 | 3 | 2/1 | $514,900 | $514,900 | $500,000 | 97% | 36 |
| 90 Florence Lane | Colonial, Georgian Colonial | 4,800 | 5 | 5/1 | $1,095,000 | $898,000 | $855,000 | 78% | 176 |
| 75 James St. | Colonial | 1,690 | 3 | 1/1 | $612,000 | $612,000 | $615,000 | 100% | 30 |
| 121 Ann St. | Colonial | 3,000 | 4 | 3/1 | $1,099,000 | $999,000 | $950,000 | 86% | 272 |
| 131 Nutmeg Lane | Colonial | 4,908 | 5 | 4/1 | $1,050,000 | $1,025,000 | $1,000,000 | 95% | 99 |
| 130 Melville Ave. | Cape Cod, Colonial | 1,627 | 3 | 1/1 | $445,000 | $445,000 | $439,500 | 99% | 41 |
| Units Sold: 54 | $649,900 | $589,000 | $553,750 | 90% | 105 |
Sales Trends: January-November
Smart Home Technology:
1. Voice Assistant: The most common way to get started with smart-home technology is with a voice assistant device such as an Amazon Echo (Alexa) or Google Home Assistant. These come in a variety of sizes, from the Google Mini or Echo Dot to the larger hubs such as the Google Hub or Echo Show. Placed throughout the home, you can easily look up information, play music, and control other smart-home devices. From there, choose other smart-home products that are compatible with your voice assistant. 2. Smart Thermostat: The next item to consider is a smart thermostat. Popular brands include Ecobee, Nest, and Honeywell. Nest has been acquired by Google, which is transitioning the “works with Nest” program to work with Google Assistant and offer additional products such as a video doorbell, a lock, cameras, and a security system. Ecobee includes an additional occupancy and temperature sensor that can be placed in any room of the home. Both systems have scheduling and geofence features that adjust settings based on whether the owner is home (using their phone). 3. Video Doorbell: Allows the homeowner to see who’s at the door, monitor when packages arrive, and avoid those pesky door-to-door salespeople (except your friendly, informative neighborhood Realtor…). Ring has been a leader in video doorbells, while there are other great options from Google, Simplisafe, and Skybell. 4. Lighting: Whether you install a switch at the wall or just replace a few lightbulbs, smart lighting is a popular choice for convenience, security, and entertainment. A system such as Lutron, which does not require a neutral wire and can be controlled via voice or application with a smart bridge device. Philips Hue or LIFX bulbs are both great options for lighting up a room with color, and each includes a variety of scenes that can help set the mood. Smart lights and switches can also be integrated to other devices such as door or motion sensors. 5. Plugs: Plugs are another cost-effective way to control “dumb” devices such as lamps, fans, or holiday lights. This allows the homeowner to setup a variety of automations and use their smartphone or voice assistant to control. Some versions also include energy monitoring, used to trigger other automations or to simply let the owner know how much power they’re currently using. |
Thinking about adding some smart touches to your home? Home Security Trends:
Although crime is at its lowest levels in nearly 30 years, home-owners are still interested in home security systems. A recent survey by safehome.org illustrates how homeowners feel when comparing a hi-tech approach vs. a low-tech approach to home security.
