Marilyn Katz - Westport, CT Real Estate

 

 

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Westport Quarterly Statistics - 2007

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

January-March  

 

 2007

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $5,825,000

  $419,000 

  $1,588,064

 $1,299,000 

 $103,224,200

Sold Price

 $5,565,000 

 $410,000

  $1,505,234

 $1,255,000 

 $97,840,250

 118

  65

Percentage

 95.5%

97.9%

94.8%  

96.6%

94.8%

 2006

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $7,999,500

  $480,000 

  $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%

 

April-June

2007

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $6,500,000

  $399,000 

 $1,808,277

 $1,584,500 

 $274,858,075

Sold Price

  $6,700,000 

  $385,000

 $1,750,867

 $1,550,000 

 $266,131,790

  101

   152

Percentage

103.1 %

96.5%

96.8%  

97.8%

96.8 %

 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

100.0%

96.0%

 97.0%  

96.6%

97.0%

 

July-September

2007

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $6,500,000

  $590,000 

 $1,683,241

 $1,450,000 

 $186,839,801

Sold Price

  $5,000,000 

  $591,500

 $1,602,369

 $1,430,000 

 $177,863,049

  104

  111

Percentage

76.9 %

100.2%

95.2%  

98.6%

95.2 %

 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%

 

October-December

2007

High

Low

Average

Median

Total

Avg MT

# Sold

List Price*

 $9,000,000

  $394,000 

 $1,955,284

 $1,397,500 

 $156,422,799

Sold Price

  $10,400,000 

  $384,000

 $1,892,358

 $1,352,500 

 $151,388,700

  117

  80

Percentage

115.6 %

97.5%

96.8%  

96.8%

96.8 %

 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%

 * 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.

 

 

 


2007 Quarterly Review


While the Westport housing market appeared to be on hold, during the the first three months of 2007, the pent up sales activity exploded, in the second quarter, creating a solid spring market.  Westport unit sales of single family homes rose 41% over 2nd quarter, 2006.  Total dollar volume chalked up an $84 million increase and median sales price rose 15%. 

The market began the third quarter on solid ground, but the final numbers began to show the effects of the "buyer's market."  Although median price continued to outpace 2006, it fell 8%. from 2nd quarter 2007.  Unit sales, were off 27%, from the previous quarter and down 10%, compared with 3rd quarter 2006. 

Unit sales in the final quarter outpaced the corresponding period, a year ago, pushing the yearly solds up slighltly, from 2006 (407 v. 400.)  Total dollar volume, for the 4th quarter, rose 54% over 4th quarter, 2006, buoyed by the increase units and high end sales.


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