February Jillian Klaff Homes Real Estate Housing Newsletter

Here are the Westport Housing statistics for January 2016.

Westport Housing Update for Single Family Properties – January 2016  

One-month Comparison:

  • Median Sale Price for the month of January was $1,636,250. This is up 26.1% from $1,297,500 in January of 2015.
  • Unit Sales in Westport for January of 2016 were 20, up 11.1% from 18 Unit Sales January of 2015.
  • Price per Square Foot in Westport for homes sold in January was $407, down 30.5%, from $585 in January of 2015.
  • Average Sale Price for homes sold in Westport was down 37.2% to $1,711,150 from $2,723,389 in January 2015.
  • Average List price in Westport for January 2016 was $2,216,209 down 9.4%, from $2,446,460 in 2015.
  • Sales to List price ratio was 96.2% in January, from 89.7% in 2015, up 7.2%.
  • Average days on market in January of 2016 was 125, up 10.6% from 113 days in 2015.

Year-to-Date:

  • Westport Year-To-Date Unit Sales in January were 20. This is up 11.1% from 18 unit sales YTD January 2015.
  • New Listings in Westport for 2016 were up 27.0% to 94, from 74 in 2015
  • Median Sales Price was up 26.1% to $1,636,250 for 2016 from $1,297,500 in January 2015.
  • Average List price in Westport for 2016 was down 9.4% to $2,216,209 from $2,446,460.
  • Sales to List Price Ratio was up 7.2% 96.2% through January 2016, from 89.7% in 2015.
  • Months of Supply through January 2016 was up 15.6% to 9.5, compared to 8.2 through January 2015.
  • Average Days on Market through January 2016 was 125 days, up 10.6%, from 113 days through December 2015.
  • Price per Sq Ft for Sold Listings in Westport was down 30.5% to $407 from $585, YTD January 2015.

Mortgage Rate Watch

These are our current mortgage products and rates for

Product Interest Rate APR
15 YR Fixed Conforming 2.750% 2.859%
15 YR Fixed Jumbo 3.000% 3.247%
30 YR Fixed Conforming 3.375% 3.516%
30 YR Fixed High Conforming 3.375% 3.516%
30 YR Fixed Jumbo 3.500% 3.642%
30 YR Fixed Super Jumbo 3.500% 3.642%
5/1 (30 Yr) ARM Conforming 2.750% 3.517%
5/1 (30 Yr) ARM Jumbo 2.625% 3.508%
5/1 (30 Yr) ARM Jumbo Portfolio ARM 2.625% 3.508%

Last updated on: 2/18/2016 1:22:11 PM

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