During the 2nd quarter, the housing market, in Westport, CT, continued to be soft. Although not a dramatic drop, average sale price, of a single family home, fell 6%, compared with the comparable period, a year ago. Unit sales slowed to less than half the 2007 pace. Condominiums maintained their selling price, actually climbing 3 percent, Unit sales, however, dropped a whopping 67 percent.
There are currently 23 condominium units for sale in Westport. The average asking price remains steady, at $825,957. If buyers are looking for bargains, they are not finding it in the Westport condominium market. Perhaps, that, in part, explains the precipitous drop in unit sales. If the current unit sales rate continues, there is more than a years supply of inventory.
Westport, CT Sales, Closed April 1 - June 30 *
Single Family Home
Number Sold 152 74
Average Sale Price $1,750,867 $1,654,203
Days on the Market 101 104
Number Sold 15** 5**
Average Sale Price $808,700 $832,000
Days on the Market 104 98
** MLS data reflect 17 sales in 2007 and 6 sales in 2008. Those sales figures include condominiums with Westport addresses and Norwalk amenities.
For additional Westport market statistics, please visit my website at http://WestportCTProperties.com
*LISTING INFORMATION COMES FROM VARIOUS SOURCES AND MAY NOT ALWAYS BE ACCURATE. NO REPRESENTATION OR WARRANTY IS MADE AS TO THE ACCURACY OF THIS INFORMATION. YOU SHOULD VERIFY ANY INFORMATION THAT IS IMPORTANT TO YOUR BUYING DECISION.
Servings Westport, CT
and the surrounding communities
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