Westport CT Housing and Real Estate Market Report Week of 12/3/13

For the second week in a row, inventory dipped  nearly eight percent, and there are now just 213 homes that are actively on the market. The average list price of these available homes is  $2,396,970, and these properties have been listed for average of 132 days, with a cumulative market time of 213 days. The median price has increased slightly to $1,799,000.

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 $289,000.

It was quite apparent that real estate took a back seat to the holidays last week. No new listings came on the market in the last seven days, and no home came back on the market after being under deposit. Two properties had a price change.

Five properties have gone under the initial deposit stage, which we call CTS, and three 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 three pending properties is just $591,300.  There are currently 29 homes in CTS status  throughout Westport, and another 45 properties scheduled to close town-wide, with an average price of $1,488,284.

Closings:  There were two single family homes reported as sold in the last week, were listed on average at $2,007,000, and sold with an average market time of just 50 days.  There were only 26 status changes in the last seven days.

Condos:  There are five condominiums that are available, and they have been listed an average of 121 days. Their average listing price is $787,500 and the median price is $789,000.

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 two bedroom home on Bradley Lane for $626,500.

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 three propertis entered into the initial stage of deposit. No homes entered the pending stage of deposit.

There are four properties town-wide that are currently in CTS status, and three homes that are scheduled to close, which are listed on average  at $707,667.
 
No sales were reported during the last week.There were three status changes reported.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 55 homes or apartments available. The median price is $5,950 per month and the average price is $5,689 per month. These year round rental opportunities have been on the market an average of 72 days.

There are 26 short-term rental opportunities that are available, and they have been on the market an average of 85 days. Their average price is $5,888,  and the median price is $5,000. 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 $549,900. 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 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: Find out more about Judy here

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