Westport CT Real Estate Market Stats Week of November 26, 2012

There are now 261 homes that are actively on the market. The average list price of available homes is $2,282,412 and these properties have been listed for average of 148 days, with a cumulative market time of 263 days. The median price remains at $1,699,000.

The highest asking price for all homes currently on the market is $27,500,000, and the lowest available priced home is $360,000.

Seven new  listings came on  the market in the last seven days, and four homes came back on the market after being under deposit. Two properties had a price change.

Three properties have gone under the initial deposit stage, which we call CTS, and seven properties went into pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

The average price of these seven pending properties was $1,790,271.  There are currently ten homes in CTS status  throughout Westport, and 55 properties scheduled to close town-wide, with an average price of $1,472,127.

Closings: Six homes were reported as sold in the last week, and their average list price was $1,215,483.  Average market time for these sold properties was 171 days. One sale on Hiawatha for $317,000 brought down the average, and that sale is the second lowest single family home sale year-to-date. There were 45 status changes in the last seven days.

Condos:  There are nine condominiums that are available, and they have been listed an average of 257 days. Their average listing price is $501,540, and the median price is $499,000. The highest priced condo in town is listed at $799,000 and the lowest offering price is $200,864.

There was no new  listing activity in the last week, and one home came back on the market after being under deposit. One home went into pending status.

There are no properties currently in CTS status, and one home scheduled to close townwide, and that property is  listed at $629,000.

Closings: There were no condos reported as sold this past week. There were a total of three status changes.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 49 homes or apartments available. The median price is $4,500 per month and the average price is $5,009 per month. These year round rental opportunities have been on the market an average of 74 days.

There are 19 short-term rental opportunities that are available, and they have been on the market an average of 57 days.  Their  average price is $8,521, and the median price is $4,500. Please note that seasonal rental prices are sometimes listed as an aggregate price for the season, or they can be listed as per the monthly rental cost.

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.

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The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Westport?  Contact us!

If you have a question about buying or selling Real Estate in  Westport, 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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