Westport CT Real Estate Market Update Week of June 19, 2012

There are now 364 homes that are actively on the market, and their average list price is  $2,076,369. These properties that are currently available  have been listed for average of 104 days, and the median price is now $1,272,500.

The highest asking price for all homes currently on the market is $27,500,000, and the lowest available priced home is $359,000.

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

Seven properties have gone under the initial deposit stage, which we call CTS, and thirteen 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 fifteen pending properties was $1,311,069. There are 84 properties scheduled to close town-wide, and their average price is $1,581,542.

Closings:  Eighteen homes were reported as sold in the last week, and their average list price was $1,739,500.  Average market time for these sold properties was 89 days. There were 83 status changes in the last seven days.

Condos:  There are 19 condominiums that are available, and they have been listed an average of 165 days. Their average listing price is $614,494, and the median price is  $514,000. The highest priced condo in town is listed at $1,295,000 and the lowest offering price is $312,000.

There was minimal activity in  Westport's condo market this week with just one status change. No new listings, and no deposits of any type were reported, although one home had a price change.

There are five properties town-wide that are scheduled to close, and their average price is $600,600.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 85 homes or apartments available. The median price is  $4,200 per month and the average price is $5,915 per month. These year round rental opportunities have been on the market an average of 50 days.

There are 52 short-term rental opportunities that are available, and they have been on the market an average of 57 days.  Their  average price is $13,190, and the median price is $9,750. 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.

Buying or Selling a Home in Westport? We'd love to represent you.

Feel free to email us here or visit our main  site at

www.CThomesAndRealEstate.com

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