Fairfield, Conn.: A Relaxed Beach Town Where Theres Plenty to Do – The New York Times

Judy Mitchell, an agent with William Pitt Sothebys International Realty, has noted a pandemic-based shift in demand. Pre-Covid, buyers were looking for in-town living with small yards and walkability, she said. But with more people working from home, were seeing a resurgence in Greenfield Hill. Before, nobody wanted two-acre zoning. Now people seem to crave privacy.

Based on information provided to and compiled by SmartMLS, Inc., as of June 25 there were 130 single-family homes on the market, from a 980-square-foot, three-bedroom bungalow, built in 1918 on 0.14 acres and listed for $349,000, to a 17,735-square-foot, 10-bedroom colonial, built in 1990 on 2.5 acres, with a pool and guesthouse, for $17.9 million. There were five multifamily homes for sale, from a 2,070-square-foot five-bedroom for $575,000 to a 2,974-square-foot seven-bedroom for $950,000. There were 16 condominiums available, from a 608-square-foot one-bedroom for $199,000 to a 1,900-square-foot three-bedroom for $579,900.

As for rentals, there were 47 properties on the market, from a 719-square-foot, one-bedroom unit for $1,800 a month, to a 1,200-square-foot, three-bedroom beachfront house for $80,000 a month.

Prices are up across the board. For single-family homes, the median sale price during the 12-month period ending June 25 was $703,000, compared with $600,000 for the previous 12 months. The median for multifamily homes was $502,000, up from $410,000. And the median for condominiums was $400,000, up from $343,000. The median monthly rental was $2,900, compared with $2,700 during the previous 12 months.

See the original post here:

Fairfield, Conn.: A Relaxed Beach Town Where Theres Plenty to Do - The New York Times

Related Post

Comments are closed.