Westport CT Real Estate Market Statistics Report 5/2/11

WESTPORT CT HOMES:  The median list price for a single family home in Westport is $1,262,450.  As of this morning, there are 348 homes actively on the market for 96 days and are listed at an average of $2,129,150. The market continues to improve for single family homes, and the selling season is in full swing! 10 new listings came on the market this week,  and 3 homes came back on the market after being under deposit.  There were  15 properties that had a price change. 14 properties have gone under the initial deposit stage, which we call CTS, and 11 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: 15 properties sold this past  week, and they had an average price of $1,395,927 and  were on the market an average of 157 days.  There were 81 status changes in the last week.

WESTPORT CT CONDOS: The median price of a condo in Westport is $457,000. The condo market is experiencing a slight lull, but it's nothing to get overly concerned about at this time.  The 21 condominiums that are available have been  listed an average of 119 days, and have an average price of $593,627. No new listings came on the market this week, and 3 properties had a price change. In the last week, no property went into CTS status,  and 2 properties went into pending status. CLOSINGS: No properties closed in the last week. There were 7 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 54 homes or apartments available. The median price is $3,650 per month and the average price is $5,612 per month. These year round rental opportunities have been on the market an average of 60 days.

Seasonal rentals are aplenty, and there are 43 available throughout Westport that have been on the market an average of 49 days, and at an average price of $16,986 . The median  price of both furnished and unfurnished seasonal rentals is $10,500.

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