Marilyn Katz - Westport, CT Real Estate

 

 

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Westport Quarterly Statistics - 2006

The following tables represent sales of single family homes that closed quarterly

January-March  

2006

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $7,999,500

  $480000 

 $1,825,402

 $1,395,000 

 $177,064,000

Sold Price

 $7,050,000 

  $475,000

 $1,744,435

 $1,375,000 

 $169,210,251

  103 

   97

Percentage

 88.1%

99.0%

95.6%  

98.6%

95.6%

 2005

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $3,900,000

  $439,900 

  $1,336,385 

 $1,165,000

 $132,302,194

Sold Price

 $3,625,000 

  $408,000

  $1,285,169

 $1,150,000 

 $127,231,799

   94

   99

Percentage

92.9%

92.7%

96.2%

98.7%

 96.2% 

 

April-June

 2006

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $25,000,000

  $375,000 

 $1,739,549

 $1,370,000 

 $187,871,299

Sold Price

 $25,000,000

  $360,000

 $1,687,326

 $1,323,000 

 $182,231,244

 87 

  108

Percentage

 100%

96.0%

97.0%  

96.6%

97.0%

 2005

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $4,300,000

  $429,000 

  $1,389,748

 $1,219,000

 $195,954,500

Sold Price

 $4,050,000 

  $420,000

  $1,351,798

 $1,219,000 

 $190,603,639

   71

141

Percentage

94.2%

97.9%

97.3%

100%

 97.3% 

 

July-September

 2006

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $7,500,000

  $535,000 

 $1,610,993

 $1,349,000 

 $198,152,152

Sold Price

 $6,900,000

  $500,000

 $1,542,297

 $1,300,000 

 $189,702,636

91

123

Percentage

92.0%

93.5%

95.7%  

96.4%

95.7%

 2005

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $5,000,000

  $395,000 

  $1,582,908

 $1,348,250

 $262,762,797

Sold Price

 $4,650,000 

  $350,000

  $1,518,377

 $1,312,500 

 $252,050,690

  77

166

Percentage

93.0%

88.6%

95.9%

97.3%

 95.9% 

 

October-December

 2006

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $4,095,000

  $539,000 

 $1,465,597

 $1,259,500 

 $105,523,000

Sold Price

 $3,775,000

  $500,000

 $1,363,570

 $1,173,750 

 $98,177,100

113

72

Percentage

92.2%

92.8%

93.0%  

93.2%

93.0%

 2005

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $10,800,000

  $519,900 

  $1,571,515

 $1,299,000

 $128,864,274

Sold Price

 $10,800,000 

  $500,000

  $1,504,492

 $1,231,000 

 $123,368,417

  88

82

Percentage

100.0%

96.2%

95.7%

94.8%

 95.7% 

  * 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 DECISION.


2006 Quarterly Statistics

After a solid first quarter, in 2006, Westport sales of single family homes continued to trend down.  Number of homes that closed, Jan-March, was off 2% over the previous year, but that figure dropped precipitously, in the 2nd quarter, falling 23.4%, and continued to fall in the 3rd quarter, trending down 26.5%.  The picture brightened somewhat, in the 4th quarter, with December actually outpacing homes sold, a year ago.  Overall, the number of homes sold, Oct-Dec, was off 12% from 2005.

Average sold price remained strong for the first half of the year, up 35.7% (Jan-Mar) and 24.8% (Apr-Jun), compared with 2005.  As the market cooled, prices followed.  Average sold price, for the 3rd quarter of 2006 eked out a narrow 1.9% rise over 3rd quarter 2005, but was off 11.3% from 1st quarter 2006.  Average sold price was down 9%, in the 4th quarter, compared with 2005.  Homes closed in the final quarter, sold for 93% of the most recent listing price.  This compares with a 95.7% ratio, in 2005.

 

 


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