Westport CT - Weekly Real Estate Market Statistics July 26, 2011

Homes:  There are 352 single family homes on the market, and their average list price is $2,138,879.  These homes have been listed for sale an average of 121 days, and the median price is $1,322,000.

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

Six new listings came on the market in the last seven days, and one home came back on the market after being under deposit. Twelve  properties had a price change, and eight properties have gone under the initial deposit stage, which we call CTS. Seven  properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

Closings:  Ten homes were reported as  sold in the last seven days, and their average list price was  $1,613,290 and  these homes were on the market an average of 165 days. Keeping with last week, there were 63 status changes in the last seven days.
 
Condos:   The 30 condominiums that are available have been  listed an average of 103 days, and have an average price of $614,911. The median price of a condo  is $500,000. The highest price condo in town is listed at $1,595,000 and the lowest offering price is $227,351.

One new listing came on the market this week, and two properties had a price change. Three properties went into CTS  status, and two properties went into Pending status.

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

Rentals: If you are looking to rent year round, either furnished or unfurnished, there are 75 homes or apartments available. The median price is $4,950 per month and the average price is $6,948 per month. These year round rental opportunities have been on the market an average of 44 days.

As of this morning, there are 12 seasonal rental opportunities available and they have been on the market an average of  82 days, and at an average price of $9,737. The median  price of both furnished and unfurnished seasonal rentals is $5,850.

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.