Jillian Klaff Homes March Real Estate Housing Newsletter

Happy Spring!

Here are the Westport Housing statistics for February 2016.

Westport Housing Update for Single Family Properties – February 2016  

One-month Comparison:

  • Median Sale Price for the month of February was $1,499,500. This is up 71.4% from $875,000 in February of 2015.
  • Unit Sales in Westport for February of 2016 were 24, up 41.2% from 17 Unit Sales February of 2015.
  • Price per Square Foot in Westport for homes sold in February was $444, up 11.6%, from $398 in February of 2015.
  • Average Sale Price for homes sold in Westport was up 45.9% to $1,786,792 from $1,224,676 in February 2015.
  • Average List price in Westport for February 2016 was $2,205,199 down 8.6%, from $2,413,070 in 2015.
  • Sales to List price ratio was up 6.9% to 96.7% in February, from 90.4% in 2015.
  • Average days on market in February of 2016 was 159, up 5.3% from 151 days in 2015.

Year-to-Date:

  • Westport Year-To-Date Unit Sales in February were 44. This is up 25.7% from 35 unit sales YTD February 2015.
  • New Listings in Westport for 2016 were up 1.2% to 83, from 82 in 2015
  • Median Sales Price was up 71.4% to $1,499,500 for 2016 from $875,000 in February 2015.
  • Average List price in Westport for 2016 was down 9.2% to $2,205,013 from $2,428,930.
  • Sales to List Price Ratio was up 7.2% through February 2016, to 96.5% from 89.9% in 2015.
  • Months of Supply through February 2016 was up 11.0% to 9.6, compared to 8.7 through February 2015.
  • Average Days on Market through February 2016 was 144 days, up 9.9%, from 131 days through February 2015.
  • Price per Sq Ft for Sold Listings in Westport was down 16.9% to $426 from $513, YTD February 2015.

    Mortgage Rate Watch

    These are our current mortgage products and rates for

    Product Interest Rate APR
    15 YR Fixed Conforming 2.875% 3.122%
    15 YR Fixed Jumbo 3.125% 3.372%
    30 YR Fixed Conforming 3.625% 3.768%
    30 YR Fixed High Conforming 3.625% 3.768%
    30 YR Fixed Jumbo 3.625% 3.768%
    30 YR Fixed Super Jumbo 3.625% 3.768%
    5/1 (30 Yr) ARM Conforming 2.875% 3.578%
    5/1 (30 Yr) ARM Jumbo 2.750% 3.565%
    5/1 (30 Yr) ARM Jumbo Portfolio ARM 2.750% 3.565%

    Last updated on: 3/17/2016 1:41:16 PM

    Click on the town  for Housing Data Reports for more information