Jillian Klaff Homes Real Estate Housing April Newsletter

Here are the Westport Housing statistics for March 2016.

Westport Housing Update for Single Family Properties – March 2016  

One-month Comparison:

  • Median Sale Price for the month of March was $1,161,500. This is down 9.4% from $1,282,500 in March of 2015.
  • Unit Sales in Westport for March of 2016 were 18, down 30.8% from 26 Unit Sales March of 2015.
  • Price per Square Foot in Westport for homes sold in March was $425, down .7%, from $428 in March of 2015.
  • Average Sale Price for homes sold in Westport was down 19.1% to $1,358,847 from $1,679,249 in March of 2015.
  • Average List price in Westport for March 2016 was $2,129,013 down 9.2%, from $2,345,497 in 2015.
  • Sales to List price ratio was even at 96.6% for March, 2015 and 2016.
  • Average days on market in March of 2016 was 108, down 6.9% from 116 days in 2015.

Year-to-Date:

  • Westport Year-To-Date Unit Sales in March were 62. This is up 1.6% from 61 unit sales YTD March 2015.
  • New Listings in Westport for 2016 were up 59.2% to 156, from 98 in 2015.
  • Median Sales Price was down 9.4% to $1,161,500 for 2016 from $1,282,500 in March 2015.
  • Average List price in Westport for 2016 was down 9.8% to $2,164,341 from $2,398,180.
  • Sales to List Price Ratio was up 4.4% through March 2016, to 96.5% from 92.4% in 2015.
  • Months of Supply through March 2016 was up 14.2% to 10.5, compared to 9.2 through March 2015.
  • Average Days on Market through March of 2016 was 133 days, up 6.4%, from 125 days through March 2015.
  • Price per Sq Ft for Sold Listings in Westport was down 10.6% to $426 from $477, YTD March 2015.

Mortgage Rate Watch

These are our current mortgage products and rates for

Product Interest Rate APR
15 YR Fixed Conforming 2.625% 2.870%
15 YR Fixed Jumbo 2.875% 3.121%
30 YR Fixed Conforming 3.500% 3.642%
30 YR Fixed High Conforming 3.500% 3.642%
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% 3.609%
5/1 (30 Yr) ARM Jumbo 2.625% 3.596%
5/1 (30 Yr) ARM Jumbo Portfolio ARM 2.625% 3.596%

Last updated on: 4/18/2016 3:25:23 PM

 

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