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