Garrett W. Burdick

Fairfax, CA

Single-Family Homes

Vanguard Properties



Fairfax, CA

Sat Aug 17 2019
This week the median list price for Fairfax, CA is $879,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has held steady at or around 17. Click here to stay informed with the Fairfax market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Fairfax, CA

Sat Aug 17 2019
This week the median list price for Fairfax, CA is $879,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has held steady at or around 17. Click here to stay informed with the Fairfax market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Fairfax market.
Median List Price $879,000
Per Square Foot $627
Days on Market 78
Price Decreased 47%
Price Increased 0%
Relisted 6%
Inventory 17
Median House Rent
Most Expensive $3,195,000
Least Expensive $389,000
Market Action Index
Slight Seller's Advantage
41

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,839,500 3,331 1 - 2.5 acres 4 4 17 0 0 87
$999,000 1,813 8,000 - 10,000 sqft 3 2 52 0 2 64
$814,500 1,294 6,500 - 8,000 sqft 2 1 79 0 0 59
$699,000 1,011 4,500 - 6,500 sqft 2 1 89 0 0 96