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

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

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.

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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

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