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

There are now 315 homes that are actively on the market. The average list price of available homes  is $2,202,990 and these properties have been listed for average of 128 days, with a *cumulative market time of 237 days. The median price remains at $1,699,000.

The highest asking price for all homes currently on the market is $27,500,000, and the lowest available priced home is $329,000.

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

Seven 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 $1,394,233.  There are currently 21 homes in CTS status  throughout Westport, and 40 properties scheduled to close town-wide, with an average price of $1,452,327.

Closings: Twelve homes were reported as sold in the last week, and their average list price was $1,799,417.  Average market time for these sold properties was 126 days. There were 50 status changes in the last seven days.

Condos:  There are 12 condominiums that are available, and they have been listed an average of 144 days. Their average listing price is $518,067, and the median price is $509,000. The highest priced condo in town is listed at $799,000 and the lowest offering price is $324,900.

There were no new listings and  no price changes. One property went under the initial stage of deposit.

One  property entered into pending status, and was listed  at $349,000.

There are currently three properties in CTS status, and an additional three hoems scheduled to close townwide, with an average list price of $732,233.

Closings: There were two condos reported as sold this past week, and were listed on average at $832,500.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 88 homes or apartments available. The median price is  $5,100 per month and the average price is $6,266 per month. These year round rental opportunities have been on the market an average of 58 days.

There are 31 short-term rental opportunities that are available, and they have been on the market an average of 86 days.  Their  average price is $10,055, and the median price is $8,200. 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.

*Cumulative market time indicates the TOTAL  market time when a home has been listed more than once in short succession.

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 at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE. Compare the amenities and value of this to a home in Westport for the same price- it can't be beat!

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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