Westport CT Real Estate Market Report Week of August 7, 2012

Inventory is starting to dwindle. There are now 344 homes that are actively on the market, and their average list price is  $2,079,845. These properties that are currently available  have been listed for average of 117 days, and the median price is now $1,319,000.

The highest asking price for all homes currently on the market is $27,500,000, and the lowest available priced home is $309,000.

Eight new  listings came on  the market in the last seven days, and no homes came back on the market after being under deposit. Twelve properties had a price change.

Six properties have gone under the initial deposit stage, which we call CTS, and nine 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 nine pending properties was $1,172,767. There are 48 properties scheduled to close town-wide, and their average price is $1,537,940.

Closings: Thirteen homes were reported as sold in the last week, and their average list price was $1,245,223.  Average market time for these sold properties was 116 days. There were 68 status changes in the last seven days.

Condos:  There are 19 condominiums that are available, and they have been listed an average of 169 days. Their average listing price is $639,884, and the median price is $539,000. The highest priced condo in town is listed at $1,295,000 and the lowest offering price is $335,000.

There was one new listing, two price changes, and no deposits reported of any kind.

Closings: There was one condo reported as sold thsi past week, and it was listed at $799,000.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 96 homes or apartments available. The median price is  $4,300 per month and the average price is $6,485 per month. These year round rental opportunities have been on the market an average of 56 days.

There are 32 short-term rental opportunities that are available, and they have been on the market an average of 113 days.  Their  average price is $11,685, and the median price is $8,900. 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.

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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY