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Westport Quarterly Statistics - 2006
The following tables represent sales of single family homes that closed quarterly
January-March
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2006 |
High |
Low |
Average |
Median |
Total |
Avg MT |
# Sold |
| List Price* |
$7,999,500 |
$480000 |
$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% |
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|
|
2005 |
High |
Low |
Average |
Median |
Total |
Avg MT |
# Sold |
| List Price* |
$3,900,000 |
$439,900 |
$1,336,385 |
$1,165,000 |
$132,302,194 |
|
|
| Sold Price |
$3,625,000 |
$408,000 |
$1,285,169 |
$1,150,000 |
$127,231,799 |
94 |
99 |
| Percentage |
92.9% |
92.7% |
96.2% |
98.7% |
96.2% |
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April-June
|
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% |
96.0% |
97.0% |
96.6% |
97.0% |
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|
2005 |
High |
Low |
Average |
Median |
Total |
Avg MT |
# Sold |
| List Price* |
$4,300,000 |
$429,000 |
$1,389,748 |
$1,219,000 |
$195,954,500 |
|
|
| Sold Price |
$4,050,000 |
$420,000 |
$1,351,798 |
$1,219,000 |
$190,603,639 |
71 |
141 |
| Percentage |
94.2% |
97.9% |
97.3% |
100% |
97.3% |
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July-September
|
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 |
|
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| 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% |
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|
2005 |
High |
Low |
Average |
Median |
Total |
Avg MT |
# Sold |
| List Price* |
$5,000,000 |
$395,000 |
$1,582,908 |
$1,348,250 |
$262,762,797 |
|
|
| Sold Price |
$4,650,000 |
$350,000 |
$1,518,377 |
$1,312,500 |
$252,050,690 |
77 |
166 |
| Percentage |
93.0% |
88.6% |
95.9% |
97.3% |
95.9% |
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October-December
|
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 |
|
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| 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% |
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|
2005 |
High |
Low |
Average |
Median |
Total |
Avg MT |
# Sold |
| List Price* |
$10,800,000 |
$519,900 |
$1,571,515 |
$1,299,000 |
$128,864,274 |
|
|
| Sold Price |
$10,800,000 |
$500,000 |
$1,504,492 |
$1,231,000 |
$123,368,417 |
88 |
82 |
| Percentage |
100.0% |
96.2% |
95.7% |
94.8% |
95.7% |
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* 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. |
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2006 Quarterly Statistics
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After a solid first quarter, in 2006, Westport sales of single family homes continued to trend down. Number of homes that closed, Jan-March, was off 2% over the previous year, but that figure dropped precipitously, in the 2nd quarter, falling 23.4%, and continued to fall in the 3rd quarter, trending down 26.5%. The picture brightened somewhat, in the 4th quarter, with December actually outpacing homes sold, a year ago. Overall, the number of homes sold, Oct-Dec, was off 12% from 2005.
Average sold price remained strong for the first half of the year, up 35.7% (Jan-Mar) and 24.8% (Apr-Jun), compared with 2005. As the market cooled, prices followed. Average sold price, for the 3rd quarter of 2006 eked out a narrow 1.9% rise over 3rd quarter 2005, but was off 11.3% from 1st quarter 2006. Average sold price was down 9%, in the 4th quarter, compared with 2005. Homes closed in the final quarter, sold for 93% of the most recent listing price. This compares with a 95.7% ratio, in 2005.
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