Westport CT Real Estate Weekly Market Update January 3, 2012

There are now just 229 homes that are actively on the market. The average list price of the available homes is $2,212,219, and these properties have been listed for sale an average of 152 days. The median price is now $1,322,500.

The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $399,000.

Six new listings came on the market in the last seven days, and no homes came back on the market after being under deposit. One property had a price change.

Three properties have gone under the initial deposit stage, which we call CTS, and two properties went into pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

The average price of these two pending properties was $1,537,500 and they were on the market an average of 225 days.

Closings: Four homes were reported as sold in the last week, and they were listed at an average price of $1,234,700. There were 46 status changes in the last seven days.

Condos: There are thirteen condominiums that are available, and they have been listed an average of 188 days. Their average listing price is $699,446, and the median price is $549,000. The highest priced condo in town is listed at $1,495,000 and the lowest offering price is $284,900.

There was virtually no new activity for condos at all this week, except for one closing.
The property was listed at $379,900 and was on the markt 157 days before it sold. There were four status changes in the last seven days.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 61 homes or apartments available. The median price is $3,612 per month and the average price is $5,442 per month. These year round rental opportunities have been on the market an average of 93 days.

There are three seasonal rental opportunities available, and they have been on the market an average of 73 days, with an average price of $29,666. The median price is $22,500. Please note that seasonal rental prices are sometimes listed as an aggregate price for the season, or they can be listed as per the monthly rental cost.

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.

If you have a question about buying or selling Real Estate in Westport, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy