Southport CT - Weekly Real Estate Market Statistics Report - October 18, 2011

SOUTHPORT CT HOMES: The lull in activity for Southport continues. The median list price in Southport has dropped again to  $924,000. For a perspective, the median price at the end of July was $1,137,000.  As of this morning, there are 67 homes that have actively been on the market for  129 days and are listed at an average price of $2,231,146. The average list price has not taken any big hits, so although there is cause for concern, I would not worry just yet about prices taking any kind of significant drop.

The highest priced home for sale in the Southport area of town is listed at $13,900,000 and the lowest priced available single family home is $349,900.  

Three new listings came on the market this week, and no homes came back on the market after being under deposit.  There were no properties that had a price change. One property has gone under the initial deposit stage, which we call CTS, and no properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

CLOSINGS: One single family home sale was reported  sold this past  week, and was listed at $1,979,000. It was on the market for 55 days before it sold. There were seven status changes in the last seven days.

PLEASE NOTE:  Southport statistics include all properties within the 06890 zip code

If you have a question about buying or selling Real Estate in Southport, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy

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