Garrett W. Burdick

Fairfax, CA

Single-Family Homes

Vanguard Properties



Fairfax, CA

Wed Jul 17 2019
This week the median list price for Fairfax, CA is $899,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has held steady at or around 24. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Fairfax, CA

Wed Jul 17 2019
This week the median list price for Fairfax, CA is $899,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has held steady at or around 24. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Fairfax market.
Median List Price $899,000
Per Square Foot $590
Days on Market 55
Price Decreased 29%
Price Increased 0%
Relisted 0%
Inventory 24
Median House Rent
Most Expensive $2,495,000
Least Expensive $449,000
Market Action Index
Slight Seller's Advantage
39

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. 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
$1,347,000 2,348 1 - 2.5 acres 4 2 82 0 0 54
$997,000 1,813 0.25 - 0.5 acre 3 2 50 1 0 57
$859,500 1,499 0 - 4,500 sqft 3 2 42 0 1 51
$699,000 997 4,500 - 6,500 sqft 2 1 86 0 0 59