Westport CT Real Estate Market Report Week of August 13, 2012

There are now 341 homes that are available for sale, and their average list price is  $2,080,208. Seventeen of these homes are under the initial deposit stage, which we call CTS, and these available properties  have been listed for average of 120 days, with the median price now at $1,648,000.

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

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

Nine 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 $1,189,556. There are 50 properties scheduled to close town-wide, and their average price is $1,533,004.

Closings:  Five homes were reported as sold in the last week, and their average list price was $1,291,780.  Average market time for these sold properties was 91 days. There were 53 status changes in the last seven days.

Condos:  There are 17 condominiums that are available, and they have been listed an average of 188 days. Their average listing price is $622,988, and the median price is $548,000. The highest priced condo in town is listed at $1,295,000 and the lowest offering price is $324,900.

There were no new listings, and one price change. Two properties were reported as pending, and were listed on average at $774,000.

Closings: There were no closings reported this past week, and just three status changes.
 
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 99 homes or apartments available. The median price is  $5,200 per month and the average price is $6,517 per month. These year round rental opportunities have been on the market an average of 54 days.

There are 36 short-term rental opportunities that are available, and they have been on the market an average of 83 days.  Their  average price is $9,6990, and the median price is $8,500. 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.

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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