Westport CT Real Estate Market Report Week of January 3, 2013

There are now just 202 homes that are actively on the market. The average list price of these available homes is $2,363,313 and these properties have been listed for average of 170 days, with a cumulative market time of 272 days. The median price is now $1,795,000.

The highest asking price for all homes currently on the market is $27,500,000, and the lowest available priced home is $360,000.

One new  listing came on  the market in the last seven days, and two homes came back on the market after being under deposit. One  property had a price change.

Six properties have gone under the initial deposit stage, which we call CTS, and five 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 five pending properties is $1,353,300.  There are currently 15 homes in CTS status  throughout Westport, and another  41 properties scheduled to close town-wide, with an average price of $1,531,934.

Closings: Four properties were reported as sold in the last week. Their average list price was $1,137,250, with an  average market time of 81 days. There were 30 status changes in the last seven days.

Condos:  There are seven condominiums that are available, and they have been listed an average of 298 days. Their average listing price is $576,409, and the median price is $639,000. The highest priced condo in town is listed at $949,000 and the lowest offering price is $200,864.

There was no new listing activity 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 one home is scheduled to close that is listed at $329,000.

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

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 40 homes or apartments available. The median price is $5,075 per month and the average price is $5,032 per month. These year round rental opportunities have been on the market an average of 77 days.

There are 18 short-term rental opportunities that are available, and they have been on the market an average of 57 days.  Their  average price is $10,814, and the median price is $5,950. 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?  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

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