subject: Fairfield Real Estate Market Comparison Report (february 2009 Vs. February 2010) [print this page] We analyze several housing market indicators in order to present an in-depth breakdown of Fairfield Real Estate Market comparing February 2009 to February 2010.
Summary of Key Points
Fairfield Real Estate has started showing signs of improvement with median sales price climbing up while at the same time houses are selling faster
Key Statistics, Fairfield, CA: Median Sales Price (6.09%), Median Days on Market (-31.22%), and Number of Units Sold (-4.55%), Sales Price to List Price Ratio (Feb 09 97% - Feb 10 100%).The median prices went up, median days on market went down and sellers received full asking price
Fairfield Real Estate
The city of Fairfield experienced a 6.09% increase in median sales price from last year going up from $192,573 (Feb. 09) to $204,301 (Feb. 2010). Median days on market data for Fairfield shows that houses are selling faster than Feb 09. It took 89 days in Feb 09 for a house to sell and for Feb 10 that number has gone down to 61 days (a 31.22% improvement). Another important factor to consider is total number of units sold. In the month of Feb 09, 110 units were sold compared to 105 for Feb 10 (-4.55% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Fairfield. SP/LP ratio for Feb 09 was 97% compared to 100% for Feb 10.
Lets take a brief look at neighbors Napa and Vallejo. Napa Real Estate featured a 13.55% increase in median sales price ($343,933 Feb 09 - $390,538 Feb 10) and Vallejo Real Estate saw a 2.29% increase ($167,547 Feb 09 - $171,383 Feb 10). Are houses in Napa and Vallejo selling faster or slower this year? Well, Napa experienced a 39.24% increase (94 to 131 days) in median days on market and Vallejo saw a 28.82% decrease (78 to 55 days). In the units sold category, Napa sold 10 units less (-19.23%) in Feb 2010 than 09 and Vallejo sold 88 units less (-41.31%) in Feb 2010 than Feb 09.
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