Westport CT Real Estate Market Statistics Report 5/24/11

WESTPORT CT HOMES:  The average list price is $2,132,241 in Westport, although the median list price for a single family home remains fairly steady at  $1,239,000.  As of this morning, there are 365 homes available, and they have been listed for sale an average ofr 96 days.

Fifteen new listings came on the market this week. There were 18 properties that had a price change. Twelve properties have gone under the initial deposit stage, which we call CTS, and eight properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: Ten properties sold this past week, and they had an average list price of $1,394,500 and  were on the market  just 46 days.  There were 76 status changes in the last week.

WESTPORT CT CONDOS: The hottest "price pocket" for condominiums is between 500-600k, although nothing is very hot about the condo market in Westport right now- sales and activity is lower than we'd like, especially when compared on a percentage basis to the single family statistics, but I think it's just a temporary glitch.  The 27 condominiums that are available have been  listed an average of 110 days, and have an average price of $592,062, and the median price of a condo in Westport remains at  $480,000. Only one new listing came on the market this week, and no properties had a price change. In the last week, one property went into CTS status,  and no properties went into pending status. CLOSINGS: No condominiums closed in the last week, There were two status changes in the last seven days.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 75 homes or apartments available. The median price is $3,450 per month and the average price is $5,565 per month. These year round rental opportunities have been on the market an average of 39 days.

There still is a variety of  seasonal rentals to choose from throughout town. As of this morning, there are 38  opportunities available and they have been on the market an average of  51 days, and at an average price of $12,672 . The median  price of both furnished and unfurnished seasonal rentals is $8,750.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics