Fairfax Home Sales January 2008
Feb 11th, 2008 by Ginger Wilcox
The median home sale price in Fairfax, CA was $672,000 in January 2008. The number of homes on the market dropped almost 22% from one year ago, while the number of Fairfax, CA homes under contract dropped almost 60%. The average days on the market in Fairfax was 84, up slightly from 78 days in January 2007.
| Fairfax Homes |
Jan 2007 | Jan 2008 |
∆ |
% ∆ |
| For Sale | 23 | 18 | -5 | -21.74 |
| Under Contract | 10 | 4 | -6 | -60.00 |
| Sold | 3 | 4 | 1 | 33.33 |
[...] calculated at 125% of the median home price, the loan limit is capped at $729,750. For example in Fairfax, CA where the median home price was $672,000 in January 2008, 125% of the meidan home price would be $850,000. This is greater than the cap. So, [...]