Westport CT Weekly Real Estate Market Report 2/22/11

WESTPORT CT HOMES: There are currently 252 homes on the market at an average price of $2,211,212 that have been on the market an average 135 days. There were 9 new listings and no homes came back on the market after being under deposit. 4 Properties had a price change. In the last week,  10 properties have gone under deposit, which is what we call CTS. This means that the property just took a binder, but all the contingencies have not yet been met. 3 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. That's twice as many as last week!The 2 properties that closed in the last week had an average price of $2,059,750 and were on the market for an average of  143 days. There were 38  property status changes.

WESTPORT CT CONDOS: There are currently 26 condominiums on the market listed at an average price  of $527,275  that  have been on the market 126 days. (That's almost a $30,000 average price drop!) There were 2 new listings . No Property had a price change. In the last week,  2 property went into CTS status,  and 1 propery went into pending status. 1 property  closed in the last week and was listed at $610,000. It took just 37 days to close. There was  7  property status changes.

There are currently 105 rental opportunities available in Westport at an average list price of $7491 per month.