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