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 |
|
$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
|