Marilyn Katz - Westport, CT Real Estate

 

 

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Westport Real Estate Market Statistics - 2010

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The following tables represent monthly sales of single family homes

For the last month of the final quarter, unit sales regained their footing, topping December 2009 sales by 24%.  Average market time dropped by an impressive 31%, taking 47 fewer days for a listing to sell. Median sales price remained flat, edging out last December by $4,000.  Overall sales showed a smaller discount from most recent asking price (93.3% vs. 89.6%.)

December 2010

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*
 $4,695,000

  $458,000 

 $1,632,511

 $1,324,250

 $42,445,299

 

 

Sold Price

 $4,274,500

  $430,000

 $1,523,003

  $1,216,050

 $39,598,100

107

26

Percentage

91.0%

93.9%

93.3%

91.8%

93.3%

December 2009

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$3,999,000

  $560,000 

 $1,464,295

 $1,180,000

 $30,750,200

 

 

Sold Price

 $3,500,000 

  $530,000

 $1,312,147

  $1,212,000

 $27,555,100

154

21

Percentage

87.5%

94.6%

89.6%

102.7%

89.6%

 

For the second consecutive month, unit sales were down vs. the corresponding month, 2009.  November average and median sold price also showed a slight drop, compared with a year ago, 2% and 3%, respectively.  A positive decline was seen in market time.  Based on the most recent listing, days on market fell to 112 days, a 30% reduction from November 2009, when market time posted an annual high of 161 days. 

November 2010

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$4,225,000

  $425,000 

 $1,339,213

 $899,000

 $30,801,899

 

 

Sold Price

 $3,800,000 

  $385,000

 $1,242,717

  $875,000

 $28,582,500

112

23

Percentage

89.9%

90.6%

92.8%

97.3%

92.8%

November 2009

 

High  

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$4,695,000

  $550,000

 $1,379,723

 $942,000

 $35,872,799

 

 

Sold Price

$4,100,000 

  $555,000

 $1,271,343

  $897,500

 $33,054,925

161

26

Percentage

87.3%

100.9%

92.1%

95.3%

92.1%

 

October marked the first time, this year, that monthly unit sales of single family homes fell vs. the corresponding month, 2009.  The average sold price of $2,258,338 was skewed by the high $20 million sale.  Without the $20 million sale, avg list was $1,609,104 and average sold was $1,519,103.  Median list dropped to $1,377,000 and median sold was $1,294,000.

October 2010

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$24,900,000

  $388,000 

 $2,540,740

 $1,475,000

 $63,518,500

 

 

Sold Price

 $20,000,000

  $380,000

 $2,258.338

  $1,413,000

 $56,458,467

122

25 

Percentage

80.3%

97.9%

88.9%

95.8%

88.9%

October 2009

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$8,500,000

  $295,900 

 $2,092,531

 $1,395,000

 $60,683,400

 

 

Sold Price

 $6,850,000

  $277,000

 $1,906,155

  $1,250,000

 $55,278,500

150

29 

Percentage

80.6%

93.6%

91.1%

89.6%

91.1%

Westport single family homes sales dollar volume doubled this September vs. September 2009.  Unit sales were up 60%, comparing these same periods. Average sold price rebounded to $1,525,950.   Average market time, at 117 days, was the highest since May.

September 2010
 

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$5,200,000

  $489,000 

 $1,602,665

 $1,295,000 

 $51,285,300

   
Sold Price

 $5,000,000 

  $460,000

 $1,525,950

 $1,225,000 

 $48,830,400

117

32

Percentage

96.2%

94.1%

95.2.1%

94.6.0%

95.2%

  
September 2009
 

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$3,250,000

  $549,000 

 $1,310,418

 $1,012,500 

 $26,208,376

   
Sold Price

$3,062,000 

  $549,000

 $1,219,975

 $982,500 

 $24,399,500

114

20

Percentage

94.2%

100.0%

93.1%

97.0%

93.9%

Summer sales remained steady, with 43 single family homes selling, during August.  Unit sales were up 38% over August 2009.  Median home sold price fell back to $1,135,000, almost $200,000 below the previous month and off $245,000 from a year ago.   Average market time, remained under three months, at 84 days. 

 August 2010

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$3,250,000

  $349,900 

 $1,340,662

 $1,195,000 

 $57,648,500

   
Sold Price

 $3,200,000 

  $365,000

 $1,260,532

 $1,135,000 

 $54,202,900

84

43

Percentage

100.0%

104.3%

94.0%

95.0%

94.0%

August 2009

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$6,850,000

  $399,000 

 $1,544,964

 $1,499,000 

 $47,893,900

   
Sold Price

 $6,500,000 

  $340,000

 $1,439,596

 $1,380,000 

 $44,627,500

107

31

Percentage

94.9%

85.2%

93.2%

92.1%

93.2%

Single home sales continued to outpace the previous year's totals, for the month of July.  Unit sales were up 55% and dollar volume increased 44%.  Median home sold price jumped to $1,300,000, posting a new high for the year-to-date. Average market time, which only reflects the most recent property listing, was under three months (85 days.)

July 2010

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$5,400,000

  $427,500 

 $1,591,507

 $1,369,000

 $81,166,900

 

 

Sold Price

 $4,750,000 

  $440,000

 $1,504,497

  $1,300,000

 $76,729,350

84

51

Percentage

90.0%

102.9%

94.5%

95.0%

94.5%

July 2009

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$4,200,000

  $480,000 

 $1,721,781

 $1,395,000

 $56,818,799

 

 

Sold Price

 $3,975,000 

  $424,000

 $1,616,212

  $1,300,000

 $53,335,000

110

33

Percentage

94.6%

88.3%

93.9%

93.2%

93.9%

 

 

June unit sales represented the strongest month, of the quarter, posting a 69% gain over June 2009.  Median selling price, at $1,150,000, was pretty steady with May, indicating that the growth in number of homes sold was not due to the homeowner tax credit.  

June 2010

  

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$4,500,000

  $389,999 

 $1,414,679

 $1,250,000 

 $69,319,298

   
Sold Price

$3,985,700

  $355,000

 $1,341,320

 $1,150,000 

 $65,734,700

91

49

Percentage

88.6%

91.0%

94.8%

92.0%

94.8%

June 2009

  

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$3,250,000

  $450,000 

 $1,538,056

 $1,195,500 

 $44,603,649

   
Sold Price

$3,250,000

  $425,000

 $1,429,401

 $1,150,000 

 $41,452,650

104

29

Percentage

100.0%

94.4%

92.9%

96.2%

92.9%

Selling price and sales units posted gains, in May.  Median price jumped to $1,205K, compared with $870K, in 2009.  Market time was up a month compared with April, but remained steady with 2009, at 133 days.  Single family homes sold, jumped 50%, compared with April 2009. 

May 2010

  

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$5,699,900

  $499,000 

 $1,735,920

 $1,287,000

 $41,662,100

   
Sold Price

 $5,421,000

  $482,000

 $1,608,770

 $1,205,000

 $38,610,500

133

24

Percentage

95.1%

96.6%

92.7%

93.6%

92.7%

May 2009

  

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$2,345,000

  $525,000 

 $1,133,804

 $919,500

 $18,140,876

   
Sold Price

 $1,975,000

  $462,500

 $1,012,093

 $870,000

 $16,193,500

132

16

Percentage

84.2%

88.1%

89.3%

94.6.9%

89.3%

Unit sales continued to outpace corresponding, monthly sales, for 2009.  While the growth rate has slowed, April still posted a significant 47% increase, in single family homes sold.  The low end continued to fuel the market, with median price falling to $735,000, the lowest point, year-to-date.  

April 2010

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*
$5,550,000

 $525,000

$1,237,276

$799,000
$30,931,900

 

Sold Price
$4,900,000

 $512,000

$1,134,200

 $735,000

$28,355,000

103

25

Percentage

88.3%

97.5%

91.7%   

92.0%

91.7.9%

April 2009

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$3,479,000

  $449,000 

 $1,175,082

 $929,000

 $19,976,400

 

 

Sold Price

$3,150,000 

  $445,000

 $1,067,116

  $900,000

 $18,140,988

 113

17

Percentage

90.5%

99.1%

90.8%

96.9%

90.8%

March marked the sixth straight month that unit sales outpaced the corresponding month of the previous years.  The quarter ended with twice as many single family home sales, compared with first quarter 2009.  Prices, however, remained soft.  The median sales price, during March, was $901,400.  With sellers adjusting their asking price, to meet the market, sales to list price ratio rose to 95%.

March 2010 rev

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$2,500,000

  $358,500

 $1,057,207

$924,900

$21,144,149

 

Sold Price
$2,350,000

  $358,500

 $1,009,010

 $901,400 

$20,180,200

79

20

Percentage

94.0%

100.0%

95.4%   

97.4%

95.4%

March 2009

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$3,495,000

  $585,000

 $1,627,416

$1,637,000

$19,529,000

 

Sold Price
$2,800,000

  $565,000

 $1,447,333

 $1,436,250 

$17,368,000

155

12

Percentage

80.1%

96.6%

88.9%   

87.7%

88.9%

 

Unit sales continued to show substantial gains, in February.  The market was buoyed by sales of homes in the lower price points.  Median sold price fell to $840,000, a 47% drop, from a year ago, and a third lower than during the previous month

February 2010

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$5,750,000

  $439,000

 $1,350,542

$889,000

$28,361,399

 

Sold Price
$5,400,000

  $405,000

 $1,267,761

 $840,000 

$26,623,000

108

21

Percentage

93.9%

92.3%

93.9%   

94.5%

93.9%

February 2009 

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

$3,995,000

  $499,000

 $2,018,254

$1,599,000

$22,200,800

 

Sold Price
$3,828,405

  $420,000

 $1,819,300

 $1,599,000 

$20,012,305

143

11

Percentage

95.8%

84.2%

90.1%   

100.0%

90.1%

 

The Westport real estate market began the new year with encouraging results.  Unit sales, of single family homes, nearly tripled those of a year ago.  The shape of the market also returned to a more normal pattern.  Median price rose to $1,280,000, compared to $560,000, in January 2009.

January 2010 

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*
$9,950,000

$499,900 

$2,020,492 $1,299,500

$28,286,900

 

Sold Price

$8,187,500

$435,000 

$1,826,250 $1,280,000

$25,567,500

 139

14
Percentage

82.3%

87.0%

90.4%   

98.5%

90.4%

January 2009  

 

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*
$1,600,000

$459,000 

$837,000 $700,000

$4,188,000

 

Sold Price

$1,200,000

$395,000 

$688,212 $560,000

$3,441,060

 120

 5
Percentage

75.0%

79.8%

82.2%   

80.0%

82.2%

 

* Reflects the most recent  list price.  Previous price reductions may have been taken   

THIS DATA IS COMPILED FROM THE CONSOLIDATED MULTIPLE LISTING SERVICE AND MAY NOT ALWAYS BE ACCURATE. NO WARRANTY IS MADE AS TO THE ACCURACY OF THIS INFORMATION. YOU SHOULD VERIFY ANY INFORMATION THAT IS IMPORTANT TO YOUR BUYING

 

 


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