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Thursday, January 30, 2014

Real Estate Report: Westport Mirrors or Exceeds Nation

By Judy Szablak

Once again, Westport mirrors or exceeds national real estate averages.

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This home at 7 Ellery Lane is listed at $2,599,000. (CLICK TO ENLARGE) Photo courtesy of Halstead Property/Westport

In Westport, year-over-year unit sales volume for single family homes increased by almost 22.4 percent, and prices have increased more than $120,000 on average from 2012 to 2013.

The latest report released by S&P/Case-Shiller Home Prices indices showed the 10-city and 20-city composites enjoyed double digit increases year over year.

The 13.7 and 13.8 percent increases for the 10- and 20-city indices show more positive advances towards the stabilized market, even considering both composites’ minimal decline of 0.1 percent.

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