Westport Real Estate Market Statistics - 2011
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The following tables represent monthly sales of single family homes
December brought to a close a very disappointing 4th quarter, for 2011. For the fourth straight month, unit sales fell behind the corresponding month, a year ago. Total dollar volume dropped below $20,000,000 for the first time, this year and was less than half that posted in December 2010. The median sold price fell to $750,000, a 38% drop from last year and the lowest it's been since January 2011.
December 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
|
$329,900
|
$1,065,584
|
$799,900
|
$20,246,100
|
|
|
|
Sold Price
|
$2,175,000
|
$265 ,000
|
$976,607
|
$750,000
|
$18,555,538
|
124
|
19
|
|
Percentage |
90.7%
|
80.3%
|
91.6%
|
93.8%
|
91.6%
|
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%
|
The downward trend in single family home sales accelerated in November. Unit sales were down 26% compared with November 2010 and off 19% versus the previous month.. Prices, however, continued to show some improvement. Median sales price was $1,200,000, slightly ahead of October and significantly up from the November 2010 median price of $875,000.
November 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
|
|
|
|
|
|
|
Sold Price |
|
|
|
|
|
98
|
17 |
|
Percentage |
95.0%
|
98.2%
|
94.1%
|
92.4%
|
94.1%
|
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
|
111
|
23
|
|
Percentage |
89.9%
|
90.6%
|
92.8%
|
97.3%
|
92.8%
|
Sales of single family home sales continued to trend down, in October. Unit sales fell 19% vs the previous month and 16% vs October 2010. At the same time, prices bumped up a bit, compared with September. Median sales price was $1,160,000 vs $907,500, last month. Average sales price was $1,369,523 vs $1,227,923. Average sales price, in October 2010, was skewed by the $20 million sale. Without including that sale, October 2010 average sales price was $1,519,103 and median sales price was $1,294,000.
October 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$5,800,000
|
$299,999
|
$1,506,947
|
$1,295,000
|
$31,645,898
|
131
|
21
|
|
Sold Price
|
$4,800,000 |
$285,000
|
$1,369,523
|
$1,160,000
|
$28,760,000
|
|
|
|
Percentage |
82.8%
|
95.0%
|
90.9%
|
89.6%
|
90.9%
|
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%
|
September sales data pointed to a weak summer real estate market, in Westport. Sales are a lagging indicator, since it typically takes 60 or more days from contract to transaction closing. September single family home sales fell 19%, compared with September 2010. Sales were down 17%, for the third quarter. September median sales price dropped 28%, to $907,000, the first time since March 2011 that half the homes sold for under a million dollars.
September 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$5,875,000
|
$409,000
|
$1,255,457
|
$937,000
|
$32,641,900
|
|
|
|
Sold Price |
$5,875,000
|
$358,000
|
$1,227,923
|
$907,500
|
$31,925,999
|
89
|
26
|
|
Percentage |
100.0%
|
87.5%
|
97.8%
|
96.9%
|
97.8%
|
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%
|
94.6%
|
95.2%
|
Unit sales took a bump up in August, while average days on market dropped to 79 days, the shortest market time posted this year. Stats, across the board, were mostly flat, compared with a year ago. Forty-three (43) single family homes sold in August of both years. Median price of $1,140,000 was essentially unchanged, up less than a half percent from August 2010.
August 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$4,295,000
|
$399,000
|
$1,392,160
|
$1,195,000
|
$59,862,900
|
|
|
|
Sold Price |
$4,200,000
|
$360,000
|
$1,329,432
|
$1,140,000
|
$57,165,600
|
79
|
43
|
|
Percentage |
97.8%
|
90.2%
|
95.5%
|
95.40%
|
95.5%
|
August 2010
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$3,200,000
|
$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%
|
The market produced disappointing results, in July. Listings remained on the market longer and produced fewer sales. Unit sales of single family homes was down 29% compared with July 2010. Average days on market was up 33%. Median sold price fell 9%, to $1,179,950. Except for a small dip, in June, median price has held steady, between $1,180,000 and $1,190,000 since April.
July 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$8,250,000
|
$239,900
|
$1,520,449
|
$1,243,950
|
$54,736,199
|
112
|
36
|
|
Sold Price
|
$6,300,000 |
$215,000
|
$1,365,416
|
$1,179,950
|
$49,155,000
|
|
|
|
Percentage |
76.4%
|
89.6%
|
89.8%
|
94.9%
|
89.8%
|
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%
|
June sales continued to outpace the previous year. Unit sales were up 10% over a year ago and 20% over the previous month. Median sales price dipped a bit vs both the previous month and June 2010. Average days on market increased to 95 days compared with the aggressive pace set in May but remained well below the market time seen earlier this year.
June 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$3,779,000
|
$380,500
|
$1,385,735
|
$1,187,000
|
$74,829,700
|
|
|
|
Sold Price
|
$3,000,000
|
$370,000
|
$1,298,328
|
$1,126,500
|
$70,109,718
|
95 |
54
|
|
Percentage |
79.4%
|
97.2%
|
93.7%
|
94.9%
|
93.7%
|
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%
|
Single family homes sales continued a strong pace, in May. Unit sales posted a 43% gain compared with a year ago. Days on market was significantly shorter, dropping to an average market time of 80 days. Prices remained flat, slightly lower than the previous month and corresponding month, in 2010.
May 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$4,449,900
|
$475,000
|
$1,419,469
|
$1,274,500
|
$59,617,698
|
|
|
|
Sold Price
|
$4,782,500
|
$400,000
|
$1,379,511
|
$1,187,500
|
$57,939,491
|
80
|
42
|
|
Percentage |
107.5%
|
84.2%
|
97.2%
|
93.2%
|
97.2%
|
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%
|
With the harsh winter weather out of the way, pent up buyer demand appears to have taken hold. April unit sales surged 60% compared with Mar and were a solid 33% ahead of April, 2010. Market time was high, at 138 days, which was most likely a result of the snowy winter months.
April 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$3,789,000
|
$270,000
|
$1,486,809
|
$1,250,000
|
$47,577,900
|
|
|
|
Sold Price
|
$3,400,000
|
$265,000
|
$1,396,737
|
$1,245,500
|
$44,695,600
|
138
|
32
|
|
Percentage |
89.7%
|
98.1%
|
93.9%
|
99.6%
|
93.9%
|
April 2010
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$5,550,000
|
$525,000
|
$1,230,704
|
$782,000
|
$29,536,900
|
|
|
Sold Price |
|
$512,000
|
$1,123,750
|
$723,750
|
$26,970,000
|
107
|
24
|
|
Percentage |
88.3%
|
97.5%
|
91.3%
|
92.6%
|
91.3%
|
Single family home sales resumed a more normal pace, in March. Sales were up 33%, over the previous month and even with last year. Median sale price, at $955,500, ticked just ahead of March 2010. There were no new construction homes sales, compared with four in Febrauary.
March 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$4,350,000
|
$389,900
|
$1,257,939
|
$986,950
|
$25,158,798
|
|
|
|
Sold Price
|
$3,950,000
|
$315,000
|
$1,179,032
|
$955,500
|
$23,580,650
|
109 |
20 |
|
Percentage |
90.8%
|
80.8%
|
93.7%
|
96.8%
|
93.7%
|
March 2010
|
|
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%
|
Multiple storms, resulting in record January snowfalls, pushed February unit sales to a thirteen month low. At the same time, dollar volume jumped 20% compared with February 2010 totals. Median sold price rose to $1,730,000, with 80% of the homes selling for $1,200,000 or more.
February 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$7,800,000
|
$465,000
|
$2,297,633
|
$1,795,000
|
$34,464,500
|
|
|
|
Sold Price
|
$6,000,000
|
$422,000
|
$2,061,466
|
$1,730,000
|
$30,922,000
|
124
|
15
|
|
Percentage |
76.9%
|
90.8%
|
89.7%
|
96.4%
|
89%7
|
February 2010
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$5,750,000
|
$439,000
|
$1,369,319
|
$874,500
|
$27,386,399
|
|
|
Sold Price |
$5,400,000
|
$405,000
|
$1,289,150
|
$857,500
|
$25,783,000
|
99
|
20
|
|
Percentage |
93.9%
|
92.3%
|
94.1%
|
98.1%
|
94.1%
|
The year started on a mixed note. January posted 18 single family home sales, a 29% gain over a year ago. Median sold price, however, plummeted to $715,000, the lowest price since January 2009. Average days on market was 139 days, matching market time in January 2010.
January 2011
|
|
High
|
Low
|
Average
|
Median
|
Total
|
Avg MT
|
# Sold
|
|
List Price* |
$4,595,000
|
$450,000
|
$1,237,483
|
$774,000
|
$22,272,700
|
|
|
|
Sold Price
|
$4,200,000
|
$455,000
|
$1,177,861
|
$715,000
|
$21,201,500
|
139 |
18
|
|
Percentage |
91.4%
|
101.0%
|
95.2%
|
92.4%
|
95.2%
|
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%
|
* 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
|