This market profile is a snapshot of what is happening in Fairfax. Fairfax home prices are down slightly this week but have trended up in recent weeks. While the listing inventory has been decreasing, the days-on-market has been increasing and the Fairfax Market Action Index has declined, signally a downward trend for the Fairfax real estate market.
Fairfax Real Estate Market Update
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There are currently 30 homes for sale in Fairfax, California. There are 3 Fairfax homes under contract. |
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| Median List Price | $749,000 |
| Highest Priced Fairfax Home (single family) |
$2,295,000 21 Ellsworth Lane, Fairfax |
| Lowest Priced Fairfax Home (single family) |
$299,000 305 Scenic, Fairfax (yellow tagged & uninhabitable) |
| Asking Price per Square Foot | $466 |
| Average Days on Market | 115 |
| Percent of Properties with Price Decrease | 39% |
| Percent Relisted | 3% |
| Median House Size (sq ft) | 1,728 |
| Median Lot Size | 8,001-10,000 Sq. Feet |
| Median Number of Bedrooms | 3.0 |
| Median Number of Bathrooms | 2.0 |
| Market Action Index | 11 – Cold! Buyer’s Market |
The Market Action Index answers the question:
“How’s the Fairfax Real Estate Market?”
By measuring the current rate of sale versus the amount of inventory.
Index above 30 implies seller’s market conditions.
Below 30, conditions favor the buyer.
Fairfax Real Estate Market Data effective as of February 15, 2009. Data provided by AltosResearch and Bay Area Real Estate Information Services, Inc. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.