Westport CT Real Estate Weekly Update November 29, 2011

Homes: There are currently just 291 single family homes that are actively on the market. The average list price of the available homes is $2,142,254, and these properties have been listed for sale an average of 149 days. The median price is now $1,297,499.

Five bedroom homes comprise just over 49 percent of the available inventory and are listed on average at $2,901,786. Twenty-eight percent of all single family homes for sale have four bedrooms, and their average list price is $1,748,890.

The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $329,900.

Three new listings came on the market in the last seven days,  and two homes came back on the market after being under deposit. Two properties had a price change. Six 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 $1,150,857 and they were on the market an average of 151 days.

Closings:  Two homes were reported as  sold in the last seven days. Their average list price was  $2,344,500 and  these homes were on the market an average of 164 days. There were 39 status changes in the last seven days.
 
Condos: There are 20 condominiums that are available, and they have been  listed an average of 154 days. Their average listing price is $675,810, and the median price is $539,950. The highest priced condo in town is listed at $1,495,000 and the lowest offering price is $294,500.

No new listings came on the market this week, and no properties came back on the market after being under deposit. No properties had a price change. No properties went into CTS  status, and no properties went into Pending status.

Closings: One condominium was reported as closed in the last week, and was listed at $385,000. It was on the market for 265 days. There was one status change in the last seven days.

Rentals: If you are interested in renting year round, either furnished or unfurnished,  there are 77 homes or apartments available. The median price is $3,650 per month and the average price is $5,473 per month. These year round rental opportunities have been on the market an average of 89 days.

As of this morning, there are three seasonal rental opportunities available and they have been on the market an average of  117 days, and at an average price of $25,500. The median  price of both furnished and unfurnished seasonal rentals is $16,250.

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.

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

Westport Ct Real Estate Market Weekly Report November 22, 2011

Homes: There are currently 300 single family homes that are actively on the market. The average list price for available homes is $2,115,092, and these properties have been listed for sale an average of 147 days. The median price is now $1,292,499.

The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $399,000.

Three new listings came on the market in the last seven days,  and two homes came back on the market after being under deposit. One property had a price change. Eleven properties have gone under the initial deposit stage, which we call CTS, and four 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 four pending properties was $885,725 and they were on the market an average of 201 days.

Closings:  Seven homes were reported as  sold in the last seven days. Their average list price was  $1,205,928 and  these homes were on the market an average of 112 days. There were 45 status changes in the last seven days.
 
Condos: There are 20 condominiums that are available, and they have been  listed an average of 148 days. Their average listing price is $675,810. The median price of a condo is $539,950. The highest priced condo in town is listed at $1,495,000 and the lowest offering price is $294,500.

No new listings came on the market this week, and no properties came back on the market after being under deposit. No properties had a price change. One property went into CTS  status, and one property went into Pending status.

Closings: Two condominiums were reported as closed in the last week, and their average list price was $514,500. They were on the market an average of 138 days. There were four status changes in the last seven days.

Rentals: If you are interested in renting year round, either furnished or unfurnished,  there are 79 homes or apartments available. The median price is $3,650 per month and the average price is $5,553 per month. These year round rental opportunities have been on the market an average of 84 days.

As of this morning, there are four seasonal rental opportunities available and they have been on the market an average of  97 days, and at an average price of $22,875. The median  price of both furnished and unfurnished seasonal rentals is $16,250.

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.

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

Westport CT Real Estate Weekly Market Update November 15, 2011

Homes:  Inventory continues its seasonal drop. There are currently 309 single family homes that are actively on the market, and to put that into perspective, that's nearly a ten percent decline from just 45 days ago. The average list price for available homes is $2,118,131, and these properties have been listed for sale an average of 145 days. The median price is now $1,345,000.

The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $399,000.

Five new listings came on the market in the last seven days,  and no homes came back on the market after being under deposit. Nine properties had a price change. Eleven properties have gone under the initial deposit stage, which we call CTS, and four 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 four pending properties was $710,950 and they were on the market an average of 149 days.

Closings:  Six homes were reported as  sold in the last seven days. Their average list price was  $2,253,150 and  these homes were on the market an average of 96 days. There were 51 status changes in the last seven days.
 
Condos: There are 21 condominiums that are available, and they have been  listed an average of 136 days. Their average listing price is $667,676. The median price of a condo is $539,450. The highest priced condo in town is listed at $1,495,000 and the lowest offering price is $294,500.

Two new listings came on the market this week, and no properties came back on the market after being under deposit. No properties had a price change. No properties went into CTS  status, and three properties went into Pending status.

Closings: No condominiums were reported as closed in the last week. There were five status changes in the last seven days.

Rentals: If you are interested in renting year round, either furnished or unfurnished,  there are 88 homes or apartments available. The median price is $3,550 per month and the average price is $5,360 per month. These year round rental opportunities have been on the market an average of 72 days.

As of this morning, there are four seasonal rental opportunities available and they have been on the market an average of  89 days, and at an average price of $22,875. The median  price of both furnished and unfurnished seasonal rentals is $16,250.

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.

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

Westport CT Weekly Real Estate Market Update and Report- Nov. 8, 2011

Homes:  There are currently 324 single family homes that are actively on the market. Their average list price is $2,085,645, and these homes have been listed for sale an average of 142 days. The median price is now $1,299,000.

The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $399,900.

Ten new listings came on the market in the last seven days,  and one home came back on the market after being under deposit. Nine properties had a price change. Five properties have gone under the initial deposit stage, which we call CTS, and one  property went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

Closings:  Seven homes were reported as  sold in the last seven days. Their average list price was  $1,174,986 and  these homes were on the market an average of 115 days. There were 59 status changes in the last seven days.
 
Condos: There are 22 condominiums that are available, and they have been  listed an average of 140 days. Their average listing price is $659,759. The median price of a condo is $539,450. The highest priced condo in town is listed at $1,495,000 and the lowest offering price is $279,000.

No new listings came on the market this week, and no properties came back on the market after being under deposit. One property had a price change. One property went into CTS  status, and one property went into Pending status.

Closings: No condominiums were reported as closed in the last week. There were four status changes in the last seven days.

Rentals: If you are interested in renting year round, either furnished or unfurnished,  there are 83 homes or apartments available. The median price is $3,650 per month and the average price is $5,670 per month. These year round rental opportunities have been on the market an average of 73 days.

As of this morning, there are four seasonal rental opportunities available and they have been on the market an average of  82 days, and at an average price of $22,875. The median  price of both furnished and unfurnished seasonal rentals is $16,250.

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.

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

Westport CT Real Estate Market Weekly Report 11/1/11

Homes:  There are 331 single family homes that are actively on the market. Their average list price is $2,139,901, and these homes have been listed for sale an average of 144 days. The median price is holding fairly constant at $1,347,499.

The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $380,000.

Single Family Home Inventory based upon current absorption rate: 10.65 months, and is up slightly since last week. We look to about a six month figure  for a neutral market.

Seven new listings came on the market in the last seven days,  and one home came back on the market after being under deposit. Six properties had a price change. Two properties have gone under the initial deposit stage, which we call CTS, and three properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. The average listing price for these Pending properties was $796,633 and their average market time was 121 days.

Closings:  Four homes were reported as  sold in the last seven days,  their average list price was  $1,183,750 and  these homes were on the market an average of 179 days. There were 34 status changes in the last seven days.
 
Condos: There are 22 condominiums that are available, and they have been  listed an average of 137 days. Their average listing price is $644,304. The median price of a condo is $514,450. The highest priced condo in town is listed at $1,495,000 and the lowest offering price is $279,000.

Condominium  Inventory based upon current absorption rate: 6.27 months.

No new listings came on the market this week, and no properties came back on the market after being under deposit. No properties had a price change. Two properties went into CTS  status, and no properties  went into Pending status.

Closings: One condominium was reported as closed in the last week, and it was listed at  $550,000.It was on the market for 83 days before it sold. There were four status changes in the last seven days.

Rentals: If you are interested in renting year round, either furnished or unfurnished,  there are 76 homes or apartments available. The median price is $3,925 per month and the average price is $5,751 per month. These year round rental opportunities have been on the market an average of 73 days.

As of this morning, there are four seasonal rental opportunities available and they have been on the market an average of  75 days, and at an average price of $22,875. The median  price of both furnished and unfurnished seasonal rentals is $16,250.

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.

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