Westport CT April 2011 Monthly Real Estate Sales Report

There were twenty-seven  single family home sales in Westport during the month of April that were reported to the MLS.  The average List price was $1,416,144 and the average sale price was $1,316,688, and market time for these listings to sell was 144 days. On average, the sale price to list price ratio for sold listings was 92.97%, and these sales figures include  two sales of homes with 2 bedrooms or less, four sales of 3 bedroom homes, twelve sales of 4 bedroom homes,  and nine sales of homes with 5 or more bedrooms.

During this same period in 2010, there were 24 sales, and during this period in 2009, there were 17 sales. Westport's sales have been steadily increasing since over the past few years during this time frame, and it's a positive sign of better things to come!

Two condominiums were sold in Westport that were reported to the MLS.  The average List price was $354,250 and the average sale price was $318,750,  market time for these listings to sell was 94 days, and these sales are both 2 bedrooms units or less. On average, the sale price to list price ratio for sold listings was 89.85%. NOTE: all information was obtained through the GFC-CMLS, which does not include private sales.

 I should also note that while April's condo sales seem low, that the median price of a condominium is Westport is over $450,000, and this report only represents this month closed sales.

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