"The RealTrender Report" - Westport Connecticut Real Estate.

"The RealTrender Report" is a  market snapshot of Westport CT real estate sales. The idea of the 45 day report came from the Federal Reserve Banks, who submit an economic climate report every 45 days, and its commonly referred to as The Beige Book. I've though that that time period was important enough to be recognized by banks, that I should recognize that as a real estate agent as well. So here are the quick details. And, yes, I'd love to talk to you when you are ready  to buy a home, or sell your  home!

Weekly Westport Real Estate Market Statistics 2/15/11

WESTPORT CT HOMES: There are currently 249 homes on the market at an average price of 2,230,033  that have been on the market an average 133 days. There were 16 new listings and 1 home came back on the market after being under deposit. 4 Properties had a price change. In the last week,  6 properties have gone under deposit, which is what we call CTS. This means that the property just took a binder, but all the contingencies have not yet been met. 6 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. That's twice as many as last week!The 4 properties that closed in the last week had an average price of 2,088,250 and were on the market for an average of  just 43 days. There were 48  property status changes.

WESTPORT CT CONDOS: There are currently 26 condominiums on the market listed at an average price  of 558,395 that  have been on the market 126 days. There were 3 new listings . 1 Property had a price change. In the last week,  1 property went into CTS status,  and no properties went into pending status. 1 property  closed in the last week and was listed at 1,200,000. It took 183 days to close. There was  6  property status changes.

There are currently 100 rental opportunities available in Westport at an average list price of 7584 per month.

Westport CT Real Estate Market Forecast and Advice 2/2011

I am pleased to present to you my real estate market predictions and buying and selling advice for Westport, CT. My experience spans over 26 years, and I have seen hot markets come and go, and bad markets come and go. I always find it funny how the media predicts that the real estate market is going up or down in the state, but you know as well as I do, that  each city has its own type of market, and within the city, there are areas that sell faster than others, and homes on particular streets that sell  slower than others. You really cannot generalize the market in a rational way. Deciphering the real estate market, is, and has to be, local and historical.

With that being said, I offer my opinions on the market for the coming months. Everyone's particular situation is different, and  if you need to buy or sell in Westport at a particular time, then you should do it. You should also call me to assist you! (OK, Shameless plug) You know people have been asking me for years, "what do you think is going to happen in the real estate market?" and I say, "Well, if I knew that, I probably wouldn't be selling real estate, because I would have some type of amazing talent that NO ONE has ever possessed" That being said, I AM very good at numbers, statistics, and forecasting, so after doing extensive research, calculations, and taking into account the current economic climate, I present to you the following:
 
What's Ahead in General: Current home sales averages at just over 12 per month and condos average about 2-3  per month (yes, that number is correct),  and both figures are seasonally adjusted. Westport sales are pretty constant during the year, and peak slightly from June to August.  Condos, on the other hand, are making slight gains in the market right now, although you should not expect a peak in condo sales in the very near future.

ADVICE FOR SELLERS: Is there a better time to sell your home in Westport? Any time is good, now is fine.  You are enjoying an improved market over the past few years, and while I wouldn't price  your home out of the realm of reasonability,  you have a good chance to sell it, whether it's right now, or in the very near future. I wouldn't delay too long, nor would I press you to start this very instant. Just do it when you're ready. Same goes for condos.

ADVICE FOR BUYERS:.If you are looking to buy in Westport CT, just do it!  I believe prices will remain level or only rise slightly throughout the summer, but many sellers "fish for pricing" this time of year. That is, they put their home on the market to see if anyone will buy their home for a particular price, and don't really care if their home sells or not if they don't get that price. You'll save a lot of time and energy by trying to find something NOW as opposed to starting the process in a few months.   If you are looking to buy a condo, start now, there are not that many to be  had in this beautiful town.

Weekly Westport CT Real Estate Market Statistics 2/8/11

WESTPORT CT HOMES: There are currently 237 homes on the market at an average price of 2,224,652  that have been on the market an average 142 days. There were 4 new listings and 1 home came back on the market after being under deposit. 5 Properties had a price change. In the last week,  4 properties have gone under deposit, which is what we call CTS. This means that the property just took a binder, but all the contingencies have not yet been met. 2 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. The 8 properties that closed in the last week had an average price of 2,512,125 and were on the market for an average of 133 days. There were 36  property status changes.

WESTPORT CT CONDOS: There are currently 20 condominiums on the market listed at an average price  of 555,280 that  have been on the market 134 days, representing a 2% reduction in initial asking price from last week. There was 1 new listing . No Properties had a price change. In the last week,  noproperties went into CTS status,  and no properties went into pending status. No properties  closed in the last week. There was only 1  property status change.

There are currently 99 rental opportunities available in Westport.

FAS4MYHHNCGT



Here's a little overview about Westport...

Here's a little information about the town we love. Hope you enjoy it!

Click Here to read