Westport CT Real Estate Market Stats week of November 6, 2012

There are now 293 homes that are actively on the market. The average list price of available homes  is $2,233,069 and these properties have been listed for average of 137 days, with a cumulative market time of 247 days. The median price is now  $1,725,000.

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

Five new  listings came on  the market in the last seven days, and three homes came back on the market after being under deposit.  Three properties had a price change.

Two properties have gone under the initial deposit stage, which we call CTS, and nine 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 nine pending properties was $1,262,833.  There are currently 19 homes in CTS status  throughout Westport, and 47 properties scheduled to close town-wide, with an average price of $1,454,004.

Closings: Eight homes were reported as sold in the last week, and their average list price was $1,153,000.  Average market time for these sold properties was 187 days. There were 52 status changes in the last seven days.

Condos:  There are twelve condominiums that are available, and they have been listed an average of 219 days. Their average listing price is $518,147, and the median price is $449,000. The highest priced condo in town is listed at $1,075,000 and the lowest offering price is $200,864.

There were no new listings reported last week, and no homes came back on the market after being under deposit. One property  entered pending status.

There is one property currently in CTS status, and three additional  homes scheduled to close town-wide, and they are listed on average at $545,633.

Closings: There were no condos reported as sold this past week, and  just one status change.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 60 homes or apartments available. The median price is $4,975 per month and the average price is $5,414 per month. These year round rental opportunities have been on the market an average of 84 days.

There are 18 short-term rental opportunities that are available, and they have been on the market an average of 55 days.  Their  average price is $6,186, 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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