2010 Snapshot Of The Westport, Connecticut Real Estate Market

2010 Snapshot Of The Westport, Connecticut Real Estate Market

Here is a quick snapshot of the real estate statistics for Westport, CT for the full year of 2010:

Units sold were up 38% from 2009, while the average “days on market” was down to a more reasonable 103 days from its peak of 128 last year.  The average list of $1,554,035 was up slightly (<1%) from 2009, while the average sales price was up to $1,448,012 (2% ) from 2009. The average list price and average sales price were skewed by a $20,000,000 (yes, 20 million dollar) sale in 2010. The median list price of $1,199,900 and the median sales price of $1,149,000 reflect downward trending over the past six years. Westport Connecticut real estate is now closest to median price 2004 levels.

So, the market has been more active, moving faster than 2009, however, buyers still have leverage in most price points. This has been resulting in downward pressure on pricing. It’s expected to continue in 2011.

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