Westport CT Real Estate Market Report 6/07/2011

Homes:  The average list price is $2,133,035 in Westport, although the median list price for a single family home remains fairly steady at  $1,260,500.  As of this morning, there are 374 homes available, and they have been listed for sale an average of  97 days.

Thirteen  new listings came on the market this week. There were 13 properties that had a price change. Ten properties have gone under the initial deposit stage, which we call CTS, and 15 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

Home Closings: Eleven properties sold this past week, and they had an average list price of $1,064,364 and  were on the market an average of 163 days.  There were 74 status changes in the last week.

Condos:  The 27 condominiums that are available have been  listed an average of 121 days, and have an average price of $589,896. The median price of a condo in Westport remains at  $480,000. Only one new listing came on the market this week, and one property had a price change. In the last week, two properties went into CTS status,  and one property went into pending status.

Condo Closings: No condominiums closed in the last week, There were five status changes in the last seven days.

Rentals: If you are looking to rent year round, either furnished or unfurnished, there are 67 homes or apartments available. The median price is $3,850 per month and the average price is $6,057 per month. These year round rental opportunities have been on the market an average of 43 days.

There still is a number of  seasonal rentals to choose from throughout town. As of this morning, there are 31  opportunities available and they have been on the market an average of  58 days, and at an average price of $12,141 . The median  price of both furnished and unfurnished seasonal rentals is $8,500.

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