Westport CT Real Estate Listing Averages

Westport CT Real Estate Listing Averages

Here are some quick statistics on the state of real estate listings in Westport Connecticut according to our local MLS (Consolidated MLS). There are currently 298 active listings, with an average listing price of $2,229,367 with a low of $399,900 on George Street and a high of $24,950,000 on Beachside Avenue. The average marketing time is 137, which has snuck up from 91 days, the same time in 2010. The average listing price in 2010 was $1,472,237.

Under the “CTS” or Continue To Show (bindered) heading, looks somewhat light in comparison to previous years with 13 listings. The average listing price is $1,164,846 and days on market of 87. The low listing price is $380,000 on Oakview and the high is on Sturges Hollow at $3,379,000.

Pended listings are those under contract.  There are 31 pended listings with an average listing price of $1,590,442. The low listing price is $294,900 on Saugatuck Avenue and the high pended listing is $5,800,000 on Hillspoint Road. The listing on Hillspoint bindered with 17 days of marketing time.

The expired group looks dismal with 32 expired from September 1 through October 4, 2011. The average listing price was $2,046,634 and with marketing time of 142 days. Expireds represent the failure in the market and typically have extended days on market as buyers clearly have rejected those listings at their listing price. The low was on Clinton Avenue at $460,000 and the high was on Charmers Landing at $12,995,000. Expired listings are sometimes relisted for sale on the market so they may eventually fall into the active listing group, “CTS” and pending group.

Rentals are very popular in Westport. There are 100 on the market, with an average days on market of 55. The average listing price is $5857 with a low of $1000 for a studio apartment on Greens Farm to a high of $30,000 per month for a season rental on Hillspoint. The feeling about rentals is that they either go quickly with mulitple offers or tenants outright reject them in the market. Like buyers, tenants are showing some of the same behavior in the market.

Overall, the market continues to be active, allthough pressure on pricing is the theme with aggressively priced and well-condtioned homes being perceived positively in the market.

Check back in for more statistics on Westport Connecticut or request any information that you would find helpful in the sale of your home, in purchasing a home or renting a home.

Comments Closed

Comments are closed.

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