Westport CT Real Estate Market Update Week of June 12, 2012
There are now 373 homes that are actively on the market, and their average list price is $2,050,797. These properties that are currently available have been listed for average of 98 days, and the median price is now $1,272,450.
The highest asking price for all homes currently on the market is $27,500,000, and the lowest available priced home is $359,000.
Fifteen new listings came on the market in the last seven days, and no homes came back on the market after being under deposit. Fifteen properties had a price change.
Eleven properties have gone under the initial deposit stage, which we call CTS, and fifteen 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 fifteen pending properties was $1,271,927.
TOWNWIDE PENDINGS: There are 84 properties scheduled to close, and their average price is $1,581,542.
Closings: Eight homes were reported as sold in the last week, and their average list price was $1,521,438. Average market time for these sold properties was 86 days. There were 73 status changes in the last seven days.
Condos: There are 18 condominiums that are available, and they have been listed an average of 167 days. Their average listing price is $631,972, and the median price is $561,750. The highest priced condo in town is listed at $1,295,000 and the lowest offering price is $312,000.
There was one new listing this past week, and one property came back on the market after being under deposit. No properties had a price change. No properties went into the CTS stage, and no properties entered into the pending stage of deposit.
TOWNWIDE PENDINGS: There are five properties scheduled to close, and their average price is $600,600.
No condominiums were reported as sold in the last seven days. There were three status changes.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 91 homes or apartments available. The median price is $4,125 per month and the average price is $5,599 per month. These year round rental opportunities have been on the market an average of 51 days.
There are 56 short-term rental opportunities that are available, and they have been on the market an average of 51 days. Their average price is $12,961, and the median price is $9,750. 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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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
