Saturday, December 31, 2011

Westport and surrounding towns real estate market performance through November, 2011 from Steve Reilly

Summary Real Estate Market Performance

Through November, 2011 vs. 2010

 

 

For Westport, sales were up same as last year

and the median selling price was up 5%.

For surrounding towns, sales were down

12% and the median selling price was

up 1%.

For Westport, inventory of properties for sale

was same as last year.

For surrounding towns, inventory of properties

For sale was same as last year.

See the following charts for details.

Summary Westport Real Estate Market Performance

through November, 2011

 

 

Median Selling price 2011 YTD $1,050,000, up 5% in 2011

vs. 2010 YTD and down 19% since the peak in 2008.

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Properties sold through November 2011 YTD 354 the same

as last year and down 33% since peak in 2004.

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Average Days on Market 2011 YTD was 106, the

same as last year.

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Summary Surrounding Towns (Norwalk, Wilton, Weston,

Fairfiled, Easton, Ridgefield aand Redding) Real Estate

Market Performance through November, 2011

Median selling price was $514,000 YTD in 2011 Up 1%

in 2011 vs. 2010, down 13% since peak in 2007.

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Properties sold through November 2011 was 1842

Down 12% since 2010 and down 49% since peak

in 2005.

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The Average Days on Market was 119 YTD through

November Up 9% since last year

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Inventory of Properties for Sale in Westport

The number of properties as of December 21,

2011 was 271. This represents 8 months of

Inventory down since Last month and about

the same as last year.

Inventory of Properties for Sale in

surrounding towns

 

The number of houses and condos for sale as of

December 21, 2011 was 1823. This represents

9 months of inventory about the same as last

year.

See the following site for real estate information

or call any time.

www.swreilly.com

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Regards,

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Stephen Reilly

Higgins Group

Best Practice Real Estate

278 Post Road East

Westport, CT 06880

203-246-7372

swreilly@swreilly.com

www.swreilly.com

licensed in Connecticut