Westport CT Real Estate Market Report October 2011

Westport CT Real Estate Market Report October 2011

25 Westport homes have been sold in the past month:

• 6 homes sold under $500,000 

• 6 homes sold for between $500,000-$1M

• 6 homes sold for under $1M - $1.5M
• 4 homes sold for under $1.5M - $2M
• 3 homes sold for under $2M and over

The real estate market for October in Westport CT 06880 has been fairly steady in its sales for the past four years, with the biggest changes seen in the under $1M range.

October 2011 recap:

Total home sales for the month: 25
Average Days on the Market: 124
Low value of $285,000 for a ranch.
High value of $4,800,000 for a split-level contemporary.
Average sold price of $1,231,100.
Median price of $1,030,000.
Average list price was $1,507,900.
Actual purchase price was an average of 18.4% off of the list price.

My goal in sharing these Westport real estate market reports with you is to give a better understanding of the number of Westport homes for sale, price range of homes sold and real estate market trends month to month for the Westport neighborhoods in which you may be considering buying or selling.

If you are a Westport home seller, it gives you information on recent home sales. Determining current value of Westport real estate is key to pricing a home to sell in today's market. My web site will give you very specific information as you search CT real estate for sale especially as a buyer.

Westport continues to have a large supply of homes for sale and they are selling slowly.

There were 20 homes in pending status in Westport on October 31st. The home absorption rate for Westport homes for sale indicates we still have a buyers' market.

Buyers continue to search for Westport homes and if you want a local realtor specialist to guide you in this market, please give me a call at 203-762-1700.