Westport CT Real Estate Market Stats week of November 13, 2012

There are now 275 homes that are actively on the market. The average list price of available homes  is $2,258,329 and these properties have been listed for average of 142 days, with a cumulative market time of 256 days. The median price is now  $1,699,000.

The highest asking price for all homes currently on the market is $27,500,000, and the lowest available priced home is $309,000.

Seven new  listings came on  the market in the last seven days, and three homes came back on the market after being under deposit.  Seven properties had a price change.
Eight  properties have gone under the initial deposit stage, which we call CTS, and 17 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 17 pending properties was $1,340,900.  There are currently 16 homes in CTS status  throughout Westport, and 57 properties scheduled to close town-wide, with an average price of $1,429,405.

Closings: Eight homes were reported as sold in the last week, and their average list price was $1,341,988.  Average market time for these sold properties was 139 days. There were 68 status changes in the last seven days.

Condos:  There are ten condominiums that are available, and they have been listed an average of 236 days. Their average listing price is $558,886, and the median price is $569,000. The highest priced condo in town is listed at $1,075,000 and the lowest offering price is $200,864.

There was no new  listing activity in the last week, and no new deposits reported.

There are two properties currently in CTS status, and one home scheduled to close townwide, and that property is  listed at $698,000.

Closings: There were two condos reported as sold this past week, and were listed on average at $424,450. There were a total of four status changes.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 51 homes or apartments available. The median price is $4,500 per month and the average price is $5,150 per month. These year round rental opportunities have been on the market an average of 80 days.

There are 18 short-term rental opportunities that are available, and they have been on the market an average of 58 days.  Their  average price is $6.147, and the median price is $3,650. 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.

The Featured Home of the Week is a three bedroom, three bath home on 1.24 acres on  4 Highwood lane in Westport  for just  $700,000. See the virtual tour HERE

Buying or Selling a Home in Fairfield County?  Contact us!

If you have a question about buying or selling Real Estate in  Fairfield County, 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

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