Tag Archive | "prices"

Sales For Westport Connecticut 2011 Versus 2006-2010

Sales For Westport Connecticut 2011 Versus 2006-2010

Trends in sales in Westport Connecticut have been very interesting so far this year, from January through November. I averaged the sales between 2006 and 2010 and compared them to where we are in 2011, by month. 2011 sales have been up and down beginning strong in January against the previous five years. Here is a market snapshot:

January 2011-18 closings vs average of 17.8

February 2011-15 closings vs average of 17.2

March 2011-20 closings vs average of 23.4

April 2011-32 closings vs average of 24.2

May 2011-42 closings vs average of 31

June 2011-54 closings vs average of 43.2

July 2011-36 closings vs average of 39.8

August 2011-43 closings vs average of 40.8

September 2011- 26 closings vs average of 27.8

October 2011-21 closings vs average 26.4

November 2011-17 closings vs average of 21.8

So, as of the end of November 2011 we had 324 closings vs 325 from November 2010. However, that doesn’t tell the entire story. In December 2010, we had 26 closings. Looking at the “pipeline” of bindered and properties under contract, December 2011 closings will be much leaner than in December 2010.

This subtle shift in pipeline may be contributing to increased inventory in many price points. Check back in for my analysis of the market, including active listings, bindered, pending and sold units.

 



Posted in CT Real Estate, Fairfield County Real Estate, Weston Connecticut Real Estate, Westport Connecticut, Westport Connecticut Real EstateComments Off on Sales For Westport Connecticut 2011 Versus 2006-2010

Westport Connecticut Real Estate-Price Distribution And Absorption

Westport Connecticut Real Estate-Price Distribution And Absorption

The Westport Connecticut real estate market is never boring and our Price Distribution And Absorption Statistics Report from January through November 2011 doesn’t disappoint. The bottom of the market up to $549,000 is showing 2-4 months of inventory. The supply time immediately pops back up to 12 months at the price point between $550,000-$599,000. This may be due
to an overload of inventory in the same price point in neighboring towns of Weston, Fairfield and Norwalk. From $600,000 to $1.4 million, the supply time varies from 1 month to 7.8 months. The pace starts to break down again at $1,500,000 where there is 16.5 months of inventory. At $1,600,000 to $2,499,000 the time ranges from 6.6 months to 10.5 months. $2,500,000 is another breaking point at 60 months of inventory, which is a severe sign of an over abundance of inventory. The chart also highlights by: Less than one year, 1-2 years and 2-3 years of inventory. Interesting statistics and important information, whether you are buying or selling in Westport. Contact me at mriley@prudentialct.com for additional insight or market information. We love working with educated clients.

Posted in CT Real Estate, Westport Connecticut, Westport Connecticut Real EstateComments Off on Westport Connecticut Real Estate-Price Distribution And Absorption

Snapshot of Westport CT Real Estate Prices 2007-2011

Snapshot of Westport CT Real Estate Prices 2007-2011

Interesting things are happening with pricing in the Westport Connecticut market. Looking at the numbers since 2000, Westport CT median prices peaked in 2007 at $1,400,000 and started sliding in 2008, down to $1,251,000. 2009 took a toll on the overall market and the median price to $930,000. In 2010, it flattened out at $938,900 and 2011 is showing some signs of life at $1,139,500. Remember, the median is the middle of the market. It simply represents the “mix” in the market. So, in 2011, we are seeing the “mix” increase. The lower end of the market is still moving and  the number of units sold are at 128 versus 102 sold through May 2010. Encouraging news for sellers, however, “right pricing” and perceived value are key to attracting buyers. They are still in drivers seat and there is continued pressure on pricing. Check back in for additional details of the market including average “days on market”, and average list prices.

Posted in Westport Connecticut Real EstateComments Off on Snapshot of Westport CT Real Estate Prices 2007-2011


Buying, Selling Or Renting In Fairfield County Connecticut? Contact Us At (203)253-9222

FreshPickedRealEstate.com is known as "Fairfield County CT's Favorite Real Estate Blog". We feature market statistics, community events and interesting happenings in and around lower Fairfield County Connecticut, including Westport, Weston, Wilton, Norwalk, Fairfield and Easton. Look for real estate tips with a focus on "green living" in the area.
Contact me at MelissaBrownRiley@gmail.com or at (203)253-9222 for info on all real estate services, including buying, selling or renting in Fairfield County, Connecticut or in any other county or state through our national network. We also specialize in buying or selling "short sales" and foreclosures.

Search Like An Agent For A Home Or Rental

Do you think online marketing makes a difference in exposing your home to the market?

According to the National Association of Realtors, 91% of all buyers begin their search on the internet. As a seller, having a definitive online strategy creates a differentiation to maximize your exposure to the right target market. I offer 31 years of real estate experience with a strong technology twist and focus on utilizing Google to attract attention to your listing. Find out how we can create an advantage for you.

Investors from New York Searching In Fairfield County

Are you an investor from New York looking for well-valued properties in Fairfield County? We will pair you with an experienced agent who can assist you in your search. Melissa Riley (203)253-9222. Berkshire Hathaway HomeServices-New England Properties

Luxury Rental Listings Are Needed

Fairfield County, including the towns of Westport, Weston, Fairfield, Easton, Wilton and Norwalk are highly desirable towns for rentals.
We are experiencing a lack of quality luxury rental listings in lower Fairfield County. We have tenants looking for rental properties that fit their needs.
We will assist you with establishing the rental value on your home and helping you through rental process. Proper representation is the core of our business and I we zero in on your needs no matter if you are landlord or tenant.

Closing Cost Estimator

Loan Information
Loan Amount $
View/Edit Closing Cost Details