Westport CT Weekly Housing and Real Estate Market Report for 8/7/13

There are now 276 homes that are actively on the market. The average list price of these available homes is holding close to steady at $2,210,093, and these properties have been listed for average of 120 days, with a cumulative market time of 187 days. The median price is currently at $1,814,500.

The highest asking price for all homes currently on the market is $12,000,000, and the lowest available priced home is $309,000.

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

Fifteen properties have gone under the initial deposit stage, which we call CTS, and 15 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 15 pending properties is $1,143,150.  There are currently 32 homes in CTS status  throughout Westport, and another 75 properties scheduled to close town-wide, with an average price of $1,613,117.

Closings:  There were 12 single family homes reported as sold in the last week, were listed on average at $1,644,750, and sold with an average market time of 84 days.  There were 95 status changes in the last seven days.

Condos:  There are just six condominiums that are available, and they have been listed an average of 146 days. Their average listing price is $550,125 and the median price is $525,000. The highest priced condo in town is listed at $999,000 and the lowest offering price is $289,000.

There were no new listings this week, no homes came back on the market after being under deposit, and there were no price changes. Three properties entered into the initial stage of deposit

There are eight properties town-wide that  are currently in CTS status, and three homes are scheduled to close that are listed on average  at $695,000.

One sale was reported during the last week, and the property was listed at $375,000. There were four status changes reported.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 52  homes or apartments available. The median price is $4,175 per month and the average price is $4,901 per month. These year round rental opportunities have been on the market an average of 45 days.

There are 37 short-term rental opportunities that are available, and they have been on the market an average of 63 days.  Their  average price is $10,200,  and the median price is $9,500. 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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