Westport CT Real Estate Market Report Week of December 17, 2012

There are now just 219 homes that are actively on the market. The average list price of these available homes is $2,307,166 and these properties have been listed for average of 158 days, with a cumulative market time of 257 days. The median price has dipped slightly to $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 $360,000.

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

Seven properties have gone under the initial deposit stage, which we call CTS, and ten 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 ten pending properties was $2,126,400.  There are currently 16 homes in CTS status  throughout Westport, and another  46 properties scheduled to close town-wide, with an average price of $1,642,059.

Closings: Doubling last week's sales, twelve homes were reported as sold in the last week, and their average list price was $1,377,658.  Average market time for these sold properties was 110 days. There were 81 status changes in the last seven days.

Condos:  There are nine condominiums that are available, and they have been listed an average of 263 days. Their average listing price is $534,318, and the median price is $499,000. The highest priced condo in town is listed at $949,000 and the lowest offering price is $200,864.

There was one new listing reported in the last week, and no homes came back on the market after being under deposit. No properties entered the CTS stage of deposit, and no homes went into pending status.

There is one property townwide that is currently in CTS status, and two homes are scheduled to close that have an average list price of $513,500.

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

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 42 homes or apartments available. The median price is $5,075 per month and the average price is $5,127 per month. These year round rental opportunities have been on the market an average of 76 days.

There are 18 short-term rental opportunities that are available, and they have been on the market an average of 56 days.  Their  average price is $10,481, and the median price is $5,700. 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.

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The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Westport?  Contact us!

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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

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