Westport CT Real Estate Market Report Week of February 28, 2012

There are now 308 homes that are actively on the market, and their average
list price is $2,077,544.  These properties that are currently on the
market  have been listed for average of 120 days, and the median price is
now $1,364,5000.

The highest asking price for all homes currently on the market is
$24,950,000, and the lowest available priced home is $204,900.

Seventeen  new listings came on the market in the last seven days, and one
home came back on the market after being under deposit. Eight properties
had a price change.

Eight properties have gone under the initial deposit stage, which we call
CTS, and six 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 six pending properties was $1,307,650 and they
were on the market an average of 123 days.

Closings: Four  homes were reported as sold in the last week, and their
average list price was $1,087,225. Average market time for these sold
properties was 181 days. There were 52 status changes in the last seven
days.

Condos: There are sixteen condominiums that are available, and they have
been listed an average of 156 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.

There was no condominium activity in Westport this past week .

Rentals: If you are interested in renting year round, either furnished or
unfurnished, there are 53 homes or apartments available. The median price
is $3,500 month and the average price is $5,103 per month. These year round
rental opportunities have been on the market an average of  98 days.

There are now twenty-two seasonal rental opportunities available, and they
have been on the market an average of 36 days.  Their  average price is
$21,484, and the median price is $15,375. 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