Westport CT Housing and Real Estate Market Report Week of 3/3/14

There are now 256 homes that are actively on the market, and that represents a net gain of 16 homes from last week. These currently available properties have been listed for average of 106 days, with a cumulative market time of 182 days. The average list price is now $2,546,274 and the median price is now  $1,998,500.

Twenty-four listings came on the market in the last seven days, and eight properties came back on the market after being under deposit, or temporarily withdrawn. Ten properties had a price change.

Eight properties have gone under the initial deposit stage, which we call CTS, and nine 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 nine pending properties is $1,995,778. There are currently 31 homes in CTS status throughout Westport, and another 42 properties scheduled to close town-wide, with an average price of $1,915,452.

Closings:  There were eight single family home reported as sold in the last week, and were listed on average at $1,116,438, and sold with an average  market time of 103 days. There were 77 status changes in the last seven days.

Condos:  There are 11 condominiums that are available, and they have been listed an average of 58 days. Their average listing price is $719,000 and the median price is $749,000.

There was one new listing this week, and no homes came back on the market after being under deposit. There was one price change, and two properties entered into the initial stage of deposit.

No homes entered the pending stage of deposit.

There are two properties town-wide that are currently in CTS status, and one home is scheduled to close, which is listed at $682,500.

One sale was reported during the last week, and was listed at $925,000. There were four status changes reported.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 37 homes or apartments available. The median price is $3,500 per month and the average price is $4,772 per month. These year round rental opportunities have been on the market an average of 46 days.

There are 17 short-term rental opportunities that are available, and they have been on the market an average of just 21 days. Their average price is $21,041,  and the median price is $18,500. 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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