Westport CT Real Estate Market Report Week of January 7, 2013

There are now only 188 homes that are actively on the market, representing a drop off of about  ten percent from just  last week, but expect inventory to grow steadily in the weeks ahead. The average list price of these available homes is $2,352,421 and these properties have been listed for average of 164 days, with a cumulative market time of 275 days. The median price is now $1,712,000.

The highest asking price for all homes currently on the market is $27,500,000, and the lowest available priced home is $360,000.
Eight new  listings came on  the market in the last seven days, and seven homes came back on the market after being under deposit. Twelve properties had a price change.

Five properties have gone under the initial deposit stage, which we call CTS, and four 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 four pending properties is $1,419,725.  There are currently 16 homes in CTS status  throughout Westport, and another  38 properties scheduled to close town-wide, with an average price of $1,572,189.

Closings: Four properties were reported as sold in the last week. Their average list price was $1,296,500, with an  average market time of 137 days. There were 70 status changes in the last seven days.

Condos:  There are six condominiums that are available, and they have been listed an average of 344 days. Their average listing price is $635,000, and the median price is $632,000. The highest priced condo in town is listed at $949,000 and the lowest offering price is $299,000.

There was no new listing activity reported in the last week, and no homes came back on the market after being under deposit. One property had a price change, and one property was entered the CTS stage of deposit. 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 two status change.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 44 homes or apartments available. The median price is $4,825 per month and the average price is $4,721 per month. These year round rental opportunities have been on the market an average of 62 days.

There are 21 short-term rental opportunities that are available, and they have been on the market an average of 50 days.  Their  average price is $13,095, and the median price is $6,000. 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. 

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:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

Help the "Great Cakes" Crusade in Westport, CT!

We read with great interest that "Great Cakes" at 772 Post Road East was having financial difficulties and is in danger of closing after being at the same location for 30 years. The owner, Rick Dickinson posted a sign in his front window urging customers to open a prepaid account for $100 to enable him to stay in business.  WE love the fact that so many Westporters came out in his support, and urge you to do the same.

Read two articles on WestportNow.com about this- and then go open an account!

http://www.westportnow.com/index.php?/v2_5/comments/42057/

http://www.westportnow.com/index.php?/v2_5/comments/42056/

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:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

Westport CT Real Estate Market Report Week of December 24, 2012

There are now just 210 homes that are actively on the market. The average list price of these available homes is $2,316,239 and these properties have been listed for average of 163 days, with a cumulative market time of 267 days. The median price is now $1,750,000.

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

Five new  listings came on  the market in the last seven days, and three homes came back on the market after being under deposit. Two  properties had a price change.

Eight properties have gone under the initial deposit stage, which we call CTS, and ten 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 ten pending properties is $1,578,490.  There are currently 14 homes in CTS status  throughout Westport, and another  41 properties scheduled to close town-wide, with an average price of $1,516,849.

Closings: It was a strong week for closings, with seventeen properties reported as sold in the last week. Their average list price was $1,745,694, with an  average market time of 105 days. There were 58 status changes in the last seven days.

Condos:  There are seven condominiums that are available, and they have been listed an average of 291 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 was one condo reported as sold this past week, and it  was listed at $698,000. There were three status changes.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 42 homes or apartments available. The median price is $4,850 per month and the average price is $4,988 per month. These year round rental opportunities have been on the market an average of 79 days.

There are 17 short-term rental opportunities that are available, and they have been on the market an average of 59 days.  Their  average price is $10,818, and the median price is $5,900. 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.

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The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

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:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

Westport CT Real Estate Market Report Week of December 17, 2012

There are now just 219 homes that are actively on the market. The average list price of these available homes is $2,307,166 and these properties have been listed for average of 158 days, with a cumulative market time of 257 days. The median price has dipped slightly to $1,725,000.

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

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

Seven properties have gone under the initial deposit stage, which we call CTS, and ten 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 ten pending properties was $2,126,400.  There are currently 16 homes in CTS status  throughout Westport, and another  46 properties scheduled to close town-wide, with an average price of $1,642,059.

Closings: Doubling last week's sales, twelve homes were reported as sold in the last week, and their average list price was $1,377,658.  Average market time for these sold properties was 110 days. There were 81 status changes in the last seven days.

Condos:  There are nine condominiums that are available, and they have been listed an average of 263 days. Their average listing price is $534,318, and the median price is $499,000. The highest priced condo in town is listed at $949,000 and the lowest offering price is $200,864.

There was one new listing 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 two homes are scheduled to close that have an average list price of $513,500.

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

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 42 homes or apartments available. The median price is $5,075 per month and the average price is $5,127 per month. These year round rental opportunities have been on the market an average of 76 days.

There are 18 short-term rental opportunities that are available, and they have been on the market an average of 56 days.  Their  average price is $10,481, and the median price is $5,700. 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.

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

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:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY