Westport CT Housing and Real Estate Market Report Week of 10/7/13

There are now 288 homes that are actively on the market. The average list price of these available homes is  $2,289,427, and these properties have been listed for average of 112 days, with a cumulative market time of 182 days. The median price is currently at $1,782,500.

The seven bedroom colonial at 2 Manitou Court is the highest listed property in town at $12,985,000, and the lowest available priced home is a two bedroom ranch on Crescent Park for $295,000.

Twenty-two new listings came on the market in the last seven days, and four homes came back on the market after being under deposit. Twelve properties had a price change.

Thirteen properties have gone under the initial deposit stage, which we call CTS, and eight 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 eight pending properties is $1,164,050.  There are currently 27 homes in CTS status  throughout Westport, and another 47 properties scheduled to close town-wide, with an average price of $1,731,338.

Closings:  There were 19 single family homes reported as sold in the last week, were listed on average at $1,801,837, and sold with an average market time of 121 days.  There were 108 status changes in the last seven days.

Condos:  There are six condominiums that are available, and they have been listed an average of 75 days. Their average listing price is $665,667 and the median price is $749,000.

The highest priced condo in town is $899,000 and is a three bedroom home located at Regents Park, and the lowest priced unit for sale is a one bedroom home at Whitney Glen for $299,000.

There were no new listings this week, and no homes came back on the market after being under deposit. There were no price changes, and no property entered into the initial stage of deposit. No homes entered the pending stage of deposit.

There is one property town-wide that is currently in CTS status, and three homes are scheduled to close that are listed on average  at $447,667.

One sale was reported during the last week, and was listed at $389,000. There were two status changes reported.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 61 homes or apartments available. The median price is $4,750 per month and the average price is $5,208 per month. These year round rental opportunities have been on the market an average of 52 days.

There are 30 short-term rental opportunities that are available, and they have been on the market an average of 47 days.  Their  average price is $5,708,  and the median price is $4,675. 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.

"When You Deserve the Best, You Deserve Judy"

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 The Featured Home of the Week is a 3 bedroom, 2 bath ranch home at 20 Hickory Drive, Westport  for just $550,000. See the virtual tour HERE 

 .....or better yet, call Judy to schedule an appointment to see it!

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 Buying or Selling a Home in Fairfield County?  Contact us!

If you have a question about buying or selling Real Estate in  Fairfield County, 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: Find out more about Judy here

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