Westport CT Real Estate Market Weekly Statistics Report - July 5, 2011

Homes:  There are 370 single family homes on the market and their average list price is $2,102,877. The median list price is steady at $1,287,500.  These homes have been listed for sale an average of 110 days. Nearly one third of all the available inventory is listed between one and two million dollars. The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $239,900.

Eight new listings came on the market in the last seven days, and no homes came back on the market after being under deposit. Thirteen properties had a price change, and nine 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: We had another strong week with seventeen closed sales. The average list price was $1,277,129 and  these homes were on the market an average just 62 days. There were 73 status changes in the last week.

Condos:   The 30 condominiums that are available have been  listed an average of 94 days, and have an average price of $614,975. The median price of a condo remains at $500,000. The most active price pocket is between seven and eight hundred thousand dollars. 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. One property went into CTS  status, and one property went into Pending status.

Closings: No condominiums closed in the last week. There were four 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 $4,550 per month and the average price is $6,808 per month. These year round rental opportunities have been on the market an average of 43 days.

As of this morning, there are 26 seasonal opportunities available and they have been on the market an average of  75 days, and at an average price of $10,184. The median  price of both furnished and unfurnished seasonal rentals is $7,700.

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