January Jillian Klaff Homes Real Estate Housing Market Newsletter

Here are the Westport Housing statistics for December 2015.

Westport Housing Update for Single Family Properties – December 2015  

One-month Comparison:

  • Median Sale Price for the month of December was $1,669,750. This is up 44.0% from $1,180,000 in December of 2014.
  • Unit Sales in Westport for December of 2015 were 28, even with 28 Unit Sales December of 2014.
  • Price per Square Foot in Westport for homes sold in December was $414, up 3.6%, from $400 in December of 2014.
  • Average Sale Price for homes sold in Westport was up 28.4% to $1,716,376 from $1,336,250 in December 2014.
  • Average List price in Westport for December 2015 was $2,275,052 down 7.9%, from $2,471,286 in 2014.
  • Sales to List price ratio was 97.9% in December, from 95.0% in 2014, up 3.0%.
  • Average days on market in December of 2015 was 142, down 1.4% from 144 days in 2014.

Year-to-Date:

  • Westport Year-To-Date Unit Sales in December were 383. This is down 1.0% from 387 unit sales YTD December 2014.
  • New Listings in Westport for 2015 were up 6.4% to 875, from 822 in 2014.
  • Median Sales Price was down 1.6% to $1,300,000 for 2015 from $1,321,409 in December 2014.
  • Average List price in Westport for 2015 was down 2.3% to $2,237,260 from $2,289,530.
  • Sales to List Price Ratio was down 1.6% to 94.5% through December 2015, from 96.0% in 2014.
  • Months of Supply through December 2015 was up 22.5% to 11.3, compared to 9.2 through December 2014.
  • Average Days on Market through December 2015 was 113 days, up 2.7%, from 110 days through December 2014.
  • Price per Sq Ft for Sold Listings in Westport was up 2.6% to $446 from $435, YTD December 2014.

 Mortgage Rate Watch

These are our current mortgage products and rates for

Product Interest Rate APR
15 YR Fixed Conforming 3.125% 3.373%
15 YR Fixed Jumbo 3.375% 3.624%
30 YR Fixed Conforming 3.875% 4.020%
30 YR Fixed High Conforming 3.875% 4.020%
30 YR Fixed Jumbo 3.750% 3.895%
30 YR Fixed Super Jumbo 3.750% 3.895%
5/1 (30 Yr) ARM Conforming 3.000% 3.270%
5/1 (30 Yr) ARM Jumbo 3.000% 3.267%
5/1 (30 Yr) ARM Jumbo Portfolio ARM 3.000% 3.267%

Last updated on: 1/19/2016 3:05:05 PM

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