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Wednesday, January 23, 2013

Real Estate Report: Usual Slow Period Not So Slow

By Judy Szablak

Westport is approaching the busy spring real estate market with a nice stride. The evidence is in the numbers.

This home at 5 Clifford Lane is listed at $1,798,000. (CLICK TO ENLARGE) Photo courtesy of The Higgins Group/ Christie’s Great Estates- Westport

During the last 90 days, traditionally not the busiest months for closings, there have been 84 single-family home sales reported in our multiple listing service. And just like most of last year, four- and five-bedroom homes are the properties of choice.

During this time, 32 four-bedroom homes were reported as closed. They had an average list price of $1,222,037 and average sales price of $1,155,719—equaling a sales price to list price ratio of 95 percent.

Five-bedroom home sales were just as brisk, with 33 homes reported as sold. Their average list price was $2,191,903 and their average sales price was $2,120,287. Five-bedroom homes had an even better sales price to list price ratio of 97 percent.

More "Real Estate Report: Usual Slow Period Not So Slow"

01/23 07:30 AM Comments (0) • Permalink •