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Wednesday, February 26, 2014

Real Estate Report: Again, Westport is Different

By Judy Szablak

November and December sales in Westport were both very strong in their own way, which is quite a pleasant disparity from the latest S&P/Case-Shiller indices. The much anticipated monthly report came out earlier today, and noted a consecutive decline in both November and December sales for the major metropolitan areas.

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This home at 12 Rayfield Road is listed at $1,795,000.  (CLICK TO ENLARGE) Photo courtesy of William Raveis - Westport

Real estate is so very hyperlocal, and what you see happening around the country is not necessarily occurring here in Westport.

During the month of November, we had 24 sales, including two of which were notable—one at 15 Yankee Hill, which closed at $5,720,000, and another at 38 Bermuda Road, which closed at $5,9 million. According to our Multiple Listing Service, there was more than $44.6 million in closed volume. 

December had 44 closed single family sales totaling more than $59 million in total sales, representing almost twice as much in unit volume.

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