Westport Ct Weekly Real Estate Market Statistics July 19, 2011

Homes:  There are 357 single family homes on the market, and their average list price is $2,146,524.  These homes have been listed for sale an average of 111 days, and the median price is $1,324,000.

If we break down the  inventory by the number of bedrooms in the home, you will see that nearly half of the available properties in town have five bedrooms or more.

Eight two-bedroom homes - Average list price is $589,862.
Seventy-six  three bedroom homes - Average list price is $1,038,964
One hundred four-bedroom homes - Average list price is $1,716,895
One hundred seventy-two homes with five bedrooms or more  - Average list price is   $2,967,676

The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $294,900.

Eight new listings came on the market in the last seven days, and no homes came back on the market after being under deposit. Seven properties had a price change, and seven  properties have gone under the initial deposit stage, which we call CTS. Ten properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

Closings:  Fourteen homes sold in the last seven days, and their average list price was  $1,403,957 and  these homes were on the market an average of 121 days. There were 63 status changes in the last seven days.
 
Condos:   The 31 condominiums that are available have been  listed an average of 106 days, and have an average price of $602,243. The median price of a condo  is $487,000. The highest price condo in town is listed at $1,595,000 and the lowest offering price is $227,351.

No new listings came on the market this week, and no properties had a price change. Two properties went into CTS  status, and no properties went into Pending status.

Closings: One condominium closed in the last week and was listed at $359,000. It was on the market for 494 days. There were six status changes in the last seven days.

Rentals: If you are looking to rent year round, either furnished or unfurnished, there are 78 homes or apartments available. The median price is $5,075 per month and the average price is $6,922 per month. These year round rental opportunities have been on the market an average of 44 days.

As of this morning, there are 16 seasonal opportunities available and they have been on the market an average of  86 days, and at an average price of $10,909. The median  price of both furnished and unfurnished seasonal rentals is $7,125.

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