Thursday, May 30, 2013

Westport real estate market is out performing national averages from Steve Reilly



Case Shiller (Standard and Poors nationally recognized authority
on the real estate market) reported this week that the median selling
price of homes was up 10.3% in March 2013 vs March 2012 Top 10
markets and up 10.5% in top 20 markets. The monthly numbers
are misleading as they tend to jump around. What we should
watch are trends over a period of time.

According to Case Shiller the 1Q 2013 vs 1Q 2013 performance was
also positive. Up 8.7% Top 10 markets and up 9.5% top 20 markets

Westport median selling price was up 22.27% 1Q 2013 vs. 1Q 2012

Towns around Westport median selling price was up 5.6% 1Q 2013
vs. 1Q 2012



Sunday, May 19, 2013

Westport and surrounding towns Real Estate Market Trends through April from Steve Reilly

The following through April, 2013

Westport Median Selling Price
The Median Selling Price trend has been increasing
since 2010. The solid line is actual median
selling price and dotted red line is trend.


Westport Property Sales – started increasing in 2010
and continued through 2013. Blue is actual sales and red is trend.  

Average days on Market – The trend for how long it takes
To sell a house has been flat since 2009.

Months of Inventory – has been declining since 2009.

Towns surrounding Westport include (Easton, Fairfield,
Norwalk, Redding, Ridgefield, Weston and Wilton)

Median Selling Price – The median selling price has not
improved in these towns.  

Properties Sold increased in 2010, stayed flat for a few years and
increased again in 2013.

Average Days on Market – has been flat since 2008.

Months of Inventory – has been declining since 2009
with a substantial reduction in 2013. This is good for
sellers and bad for buyers.

See the following site for real estate information
or call any time.


See the following link for more sales information
including specific sales by town.

http://www.higginsgroup.com/market-news/

Regards,

Stephen Reilly
Higgins Group
Best Practice Real Estate
278 Post Road East
Westport, CT 06880
203-246-7372
www.swreilly.com
licensed in Connecticut




Saturday, May 18, 2013

Westport Real Estate Market comared to Case Shiller from Steve Reilly

Case Shiller (Standard and Poors) reported that top 10 markets they track were up 8.6% in February compared to February 2012 and top 20 markets were up 9.3 same time comparison. For Westport, February, 2013 vs. February 2012 Median Selling Price was up 40%.It will be interesting to see if this trend continues.

This is a message from the MailScanner E-Mail Virus Protection Service
----------------------------------------------------------------------
The original e-mail attachment "winmail.dat"
was believed to be dangerous and/or infected by a virus and has been
replaced by this warning message.

Due to limitations placed on us by the Regulation of Investigatory Powers
Act 2000, we were unable to keep a copy of the infected attachment. Please
ask the sender of the message to disinfect their original version and send
you a clean copy.

At Sat May 18 20:48:30 2013 the scanner said:
Could not parse Outlook Rich Text attachment

Westport and surrounding towns Real Estate Market Trends through April from Steve Reilly

The following through April, 2013

Westport Median Selling Price

The Median Selling Price trend has been increasing since 2010. The solid line is actual median selling price and dotted red line is trend.

Westport Property Sales - started increasing in 2010 and continued through 2013. Blue is actual sales and red is trend.

Average days on Market - The trend for how long it takes

To sell a house has been flat since 2009.


Months of Inventory - has been declining since 2009.

Towns surrounding Westport include (Easton, Fairfield, Norwalk, Redding, Ridgefield, Weston and Wilton)

Median Selling Price - The median selling price has not improved in these towns.

Properties Sold increased in 2010, stayed flat for a few years and

increased again in 2013.

Average Days on Market - has been flat since 2008.

Months of Inventory - has been declining since 2009 with a substantial reduction in 2013. This is good for sellers and bad for buyers.

See the following site for real estate information or call any time.

www.swreilly.com See the following link for more sales information including specific sales by town.

http://www.higginsgroup.com/market-news/

Regards,

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

This is a message from the MailScanner E-Mail Virus Protection Service
----------------------------------------------------------------------
The original e-mail attachment "winmail.dat"
was believed to be dangerous and/or infected by a virus and has been
replaced by this warning message.

Due to limitations placed on us by the Regulation of Investigatory Powers
Act 2000, we were unable to keep a copy of the infected attachment. Please
ask the sender of the message to disinfect their original version and send
you a clean copy.

At Sat May 18 13:08:57 2013 the scanner said:
Could not parse Outlook Rich Text attachment