Westport CT Real Estate Market / Sales Statistics 5/17/11

True to most markets, there are "price pockets" that seem to outperform the rest of the town, and Westport has a few of them. Homes currently range in price from $239,900 to $24,950,000, there are only a few  ranges enjoying the most activity- and activity can mean new listings, homes going under deposit, price reductions within the range, and sales. The most active price range in town is between one and two million dollars, and these properties represent over one third of all the homes available, with a special note that homes priced under one million received a lot more competition in the last week than they have had recently. Interestingly enough, the sale "pockets" that  are best right now are between 1-1.5 million and 2-2.5 million.

WESTPORT CT HOMES:  The average list price is $2,132,130 in Westport, although the median list price for a single family home remains steady at  $1,262,450.  As of this morning, there are 355 homes available, and they have been listed for sale an average ofr 96 days.

Twenty new listings came on the market this week, and one home came back on the market after being under deposit.  There were 15 properties that had a price change. Eight properties have gone under the initial deposit stage, which we call CTS, and 13 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: Ten properties sold this past week, and they had an average list price of $1,741,380 and  were on the market  just 48 days.  There were 67 status changes in the last week.

WESTPORT CT CONDOS: The hottest "price pocket" for condominiums is between 500-600k.  The 26 condominiums that are available have been  listed an average of 107 days, and have an average price of $587,950, and the median price of a condo in Westport is $480,000. Five new listings came on the market this week, and no properties had a price change. In the last week, one property went into CTS status,  and no properties went into pending status. CLOSINGS: No condominiums closed in the last week, There were seven status changes in the last seven days.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 69 homes or apartments available. The median price is $3,375 per month and the average price is $5,489 per month. These year round rental opportunities have been on the market an average of 41 days.

There still is a variety of  seasonal rentals to choose from throughout town. As of this morning, there are 40  opportunities available and they have been on the market an average of 47 days, and at an average price of $14,270 . The median  price of both furnished and unfurnished seasonal rentals is $10,000.

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.