During last 2 weeks the highest activity reports New to Market listings. 32 new listings (includes renewed listings) about 30%+ more than accepted offers, pending sales and solds total of 23.  The sales prices of all solds in the last 2 weeks median price was $1M, while 78% of the new/renewed listings priced over $1M.  The reductions of lists price report the least amount of activity in these past 2 weeks. 

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During last week the highest activity reports New to Market listings.  22 new listings (includes renewed listings) more than doubled the number of  accepted offers, pending sales and solds total of 10.  As the winter continues to be mild compared to last year’s harsh weather, sellers accept this as an opportunity to list/relist.  Buyers continue to buy their dream home demonstrated by the increase in signed contracts last quarter and throughout the holiday season.

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Nationally, NAR reports the median price was down 3.5% compared to 2010 and all-cash sales accounted for 28 percent of purchases in November. 

Locally, Westport’s Median price is up 37.1% to $1,200,000. Price per square foot in November was up 23.9% and unit sales are down by 26.1%.

Westport (Single-family residential)
Fairfield (Single-family residential)
Norwalk (Single-family residential)
Weston (Single-family residential)
Wilton (Single-family residential)

For additional information or if you are interested in reports for other towns, contact me at 203.858.2095 or email Jklaff@JillianKlaff.com

During the last 2 weeks home buyers take advantage of low interest rates and despite declining inventory purchase their dream home. Sellers accomplish their goals successfully with accepted offers before the close of 2011. During the last 2 weeks 9 homes accepted offers. 88% of the deposits priced at $1.1M and higher. 7 properties reported as pending, (signed contracts). 8 homes sold and the average sales price of $1,091,000 is down compared to 10 sales, and average sales price of $1,297,800 during the the last 2 weeks of 2010 .

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As we are only 10 days until the completion of 2011 buyers are successfully accomplishing the #1 goal of buying  a home.  This week 3 homes accepted offers, 6 listings have sales pending and 2 homes sold.  50%  of deposits and pendings are priced below $650k and 50% over $1.2M, while new to market properties range from $1.49M-$3.49M. 

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As the temperatures drop, sellers see this as an opportunity.  13 new listings to the market this past week and about 65% are priced $1M and higher.  Last month, 30 new listings hit the market and this month the trend continues at an average of 1 new listing a day.  As for sales prices out of 6 homes under deposit and pending sales status, only one home listed in the millions, asking price of $2.1M.  The average sales price for solds this past week is $723K compared to November’s sold average of of $1.5M. 

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Just a few weeks away from the first day of winter, sellers are motivated to sell as listings are reduced 10% -18%.  Buyers are feeling confident as well, one property closed, two listings accepted offers, and 10 pending sales.   The pending listings are based on signed real estate contracts.  According to NAR, the improvement of contract activity is a hopeful sign to a healthy housing market.

Click here to see Westport’s Activity