Westport CT Real Estate Market Weekly Statistics Report - June 28, 2011

Homes:  There are 379 single family homes on the market and their average list price is $2,101,113. The median list price is steady at $1,289,950.  These homes have been listed for sale an average of 106 days. Nearly eighteen percent of all the available inventory is listed between one and one-and-a-half million dollars. The highest asking price for all homes available is $24,950,000, and the lowest  priced home on the market  is $239,900.

Consistent with last few weeks reporting, nine new listings came on the market in the last seven days, including one that came back on the market after being under deposit. Twenty-two properties had a price change, and eight properties have gone under the initial deposit stage, which we call CTS. Eleven properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

Closings: Twelve properties sold this past week, they had an average list price of $1,525,333 and  were on the market an average just 68 days. There were 70 status changes in the last week.

Condos:   The 31 condominiums that are available have been  listed an average of 104 days, and have an average price of $609,412, and the median price of a condo in Westport is  $500,000. Almost twenty percent of available inventry is listed between five and six hundred thousand dollars. The highest price condo in town is listed at $1,595,000 and the lowest offering price is $239,900. Two new listings came on the market this week, and one  home came back on the market after being under deposit. Two properties went into CTS  status.

Closings: Two condominiums closed in the last week, and their average list price was $600,000. They were on the market an average of 62 days. There were eight status changes in the last seven days.

Rentals: If you are looking to rent year round, either furnished or unfurnished, there are 70 homes or apartments available. The median price is $4,400 per month and the average price is $6,628 per month. These year round rental opportunities have been on the market an average of 42 days.

As of this morning, there are 28 opportunities available and they have been on the market an average of  69 days, and at an average price of $10,335. The median  price of both furnished and unfurnished seasonal rentals is $8,200.

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.

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