Presently there are 282* houses on the market in Westport,
with an average list price of $1,792,389. The most expensive homeon the marekt
for sale is listed for $12 million, located on Bluewater Lane, a 4 bedroom 4720
square foot home on 1 acre with 180 degree view of Compo Beach’s Long Island
Sound. The least expensive home on the market in Westport is listed for $309,000.
on Crescent Park Road with 2 bedrooms, 2 baths, and a fireplace in 1152 square
feet on .12 acre .
In 2013, 170 homes have closed (sold) year to date, with a
total sales volume of $269,519,000. The most expensive home sold in 2013 in
Westport closed for $20,000,000. on Beachside Avenue offering 5 bedrooms, 8700
SF on 2 acres with 420’ of direct waterfront property. The least expensive sale
was $295,000. , located on Crescent Park.
In 2012, during the same time period, 134 homes also sold
in Westport with a total sales volume of 169,847,000. The most expensive home sold
last year during the same time period closed for $5,250,000. , a 7600 SF new
construction home on Minute Man Hill near Compo Beach. It was relisted again
this year for a few months for the same price, but is currently withdrawn from
the market.
The bottom line, the Westport Housing Market is alive and
well. It has officially evolved back to a seller’s market. Paying asking price
and bidding wars are becoming more common for buyers. Homes are selling the
first week or even day that they hit the market. Luckily appraisers have
followed suit and there have not been many problems with appraisals falling
short. If a homeowner is realistic and a homebuyer is aggressive, they should
both get what the want from the transaction. If you have a home currently listed
for sale and you are not getting offers, take a long hard look at your pricing.
You have probably out priced your market. Price your home appropriately …and
they will come!
*These statistics are based on the homes listed for sale
through the Greater-Fairfield County Multiple Listing Service as of June 4,
2013.
