Westport CT - Weekly Real Estate Market Statistics August 16, 2011

Homes:  There are 347 single family homes on the market, and their average list price is $2,139,234.  These homes have been listed for sale an average of 120 days, and the median price remaining steady at $1,324,000.

The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $294,900.  The biggest price pocket of available homes are in the one to one-and-one-half million dollar range, with 60 homes available and an average market time of 101 days. The second largest price pocket is between one-and-one-half to two million dollars with 56 homes on the market, and they have been listed an average of 80 days.

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

Closings:  Eleven homes were reported as  sold in the last seven days, and their average list price was  $1,341,073 and  these homes were on the market an average of just 58 days. There were 58 status changes in the last seven days.
 
Condos: The 27 condominiums that are available have been  listed an average of 104 days, and have an average price of $632,124. The median price of a condo  is $492,450. 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. One property went into CTS  status, and three properties 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 just 68 homes or apartments available. The median price is $4,450 per month and the average price is $6,626 per month. These year round rental opportunities have been on the market an average of 48 days.

As of this morning, there are 12 seasonal rental opportunities available and they have been on the market an average of  74 days, and at an average price of $10,591. The median  price of both furnished and unfurnished seasonal rentals is $7,950.

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.