Westport CT Real Estate Market Report Week of February 21, 2012

There are now 300 homes that are actively on the market, and their average list price is $2,140,653.  These properties that are currently on the market  have been listed for average of 121 days, and the median price is now $1,374,000.

The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $204,900.
 
Twenty-one  new listings came on the market in the last seven days, and no homes came back on the market after being under deposit. Nine properties had a price change.

Eleven properties have gone under the initial deposit stage, which we call CTS, and seven 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 seven pending properties was $1,869,429 and they were on the market an average of 129 days.

Closings: Four  homes were reported as sold in the last week, and their average list price was $1,509,000. Average market time for these sold properties was just 83 days. There were 63 status changes in the last seven days.

Condos: There are sixteen condominiums that are available, and they have been listed an average of 149 days. Their average listing price is $651,431,  and the median price is  $524,500. The highest priced condo in town is listed at $1,495,000 and the lowest offering price is $325,000.

No new listings came on the market in this past week,  and no homes came back on the market after being under deposit. One home had a price change.
No properties went under the initial deposit stage, and no properties  went into pending status.  There were no closings. There was one status change in the last seven days.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 56 homes or apartments available. The median price is $3,600 month and the average price is $5,297 per month. These year round rental opportunities have been on the market an average of 102 days.

The seasonal rentals are beginning to emerge on the market and there are now twenty opportunities available. They have been on the market an average of 31 days, with an average price of $22,257.  The median price is $16,875. 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