Westport CT Weekly Real Estate Market Report 2/28/11
WESTPORT CT HOMES: There are currently 257 homes on the market at an average price of $2,196,592 that have been on the market an average 135 days. There were 6 new listings and 3 homes came back on the market after being under deposit. 3 Properties had a price change. In the last week, 12 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. 3 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 more buying activity than last week!The 2 properties that closed in the last week had an average price of $1,249,000 and were on the market for an average of 208 days. There were 36 property status changes.
WESTPORT CT CONDOS: There are currently 25 condominiums on the market listed at an average price of $522,607 that have been on the market 120 days. There were no new listings . No Properties had a price change. In the last week, 1 property went into CTS status, and no property went into pending status. No properties closed in the last week. There were 2 property status changes.
There are currently 96 rental opportunities available in Westport at an average list price of $7802 per month, and have been on the markt an average of 65 days. (That's a TEN percent drop in inventory from last week! Activity is good- people are gearing up for those seasonal rentals!)
