Westport CT - Weekly Real Estate Market Statistics August 30, 2011

Homes:  There are 324 single family homes on the market, and their average list price is $2,187,596.  These homes have been listed for sale an average of 131 days, and the median price remaining steady at $1,324,499.

The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $310,500.  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 105 days.

It was a relatively quiet week for new listings, with just three coming on the market in the last seven days. Three properties had a price change, and two 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. Their average market time was 77 days.

Closings:  Eight homes were reported as  sold in the last seven days, and their average list price was  $1,710,750 and  these homes were on the market an average of 110 days. There were 39 status changes in the last seven days.
 
Condos: The 25 condominiums that are available have been  listed an average of 112 days, and have an average price of $675,678. The median price of a condo  is $547,000. 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 no properties had a price change. Two properties went into CTS  status, and three properties went into Pending status.

Closings: No condominiums closed in the last week. 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 75 homes or apartments available. The median price is $3,747 per month and the average price is $6,005 per month. These year round rental opportunities have been on the market an average of 51 days.

As of this morning, there are 7 seasonal rental opportunities available and they have been on the market an average of  79 days, and at an average price of $10,628. 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.