Westport, Connecticut Moves

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Westport, CT - 2nd Quarter Condominium Sales Flounder

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                                                   

                                       2007                        2008

Number Sold                   152                            74                

Average Sale Price     $1,750,867             $1,654,203

Days on the Market         101                           104     

                                              Condominiums

                                       2007                         2008

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.

 

 

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Marilyn Katz

      Marilyn Katz

    Berkshire Hathaway Homes Services New England Properties    
     203-429-1041
  Servings Westport, CT
  and the surrounding communities  

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Copyright © 2013 Marilyn Katz, All Rights Reserved

Comment balloon 2 commentsMarilyn Katz • August 01 2008 08:17PM

Comments

Hi Marilyn, I enjoyed your market report.  People either love or hate market reports... I love them and do them A LOT as I think they are VERY IMPORTANT.  Keeping it real!

Posted by Susie Blackmon, Ocala, Horses, Western Wear, Horse Farms, Marketing almost 10 years ago

Susie-  Those looking just for "social networking" hate them, but anyone looking for information about a particular market area, find them very helpful.  Glad you enjoyed it. 

Posted by Marilyn Katz, ABR, e-PRO - WestportCTProperties.com (Berkshire Hathaway HomeServices New England Properties) almost 10 years ago

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