By Judy Szablak

The home-selling season is under way in Westport, and our current real estate climate is not quite conducive to “testing the market” or “fishing” for the highest price possible if recent sale comparables do not support it.

Featured Home: This home at 15 Sycamore Drive is listed at $1,774,999. (CLICK TO ENLARGE) Photo courtesy of Higgins Group Bedford Square — Westport

When a home on your street or in the neighborhood is listed at a particular price, one should not ever place a value on their own home based upon what another is asking for theirs.

The operative term here is “asking price.” Out of the 39 homes that sold year to date, almost half of them had at least one price adjustment before obtaining a deposit that resulted in a sale.

That translates to a 49 percent chance that your home may need a price reduction before it sells, if it is not priced well for the market when it enters the marketplace.

Westport real estate price changes over the past week:

20 Wild Rose Road           $499,000->$459,000
361 Wilton Road               $549,900->$519,900
9 Tiffany Lane                 $670,000->$630,000
3 Cottage Lane               $659,000->$649,900
42 Kings Highway South     $715,000->$695,000
6 Hyatt Lane                 $975,000->$945,000
7 Colony Road           $1,099,000->$1,049,000
38 Bauer Place Ext.      $1,125,000->$1,099,000
18 Tupelo Road           $1,169,000->$1,125,000
35 Greenlea Lane         $1,199,000->$1,149,000
6 Acorn Lane             $1,250,000->$1,199,000
3 Nursery Lane           $1,300,000->$1,200,000
29 Punch Bowl Drive       $1,327,000->$1,299,000
23 West Branch Road     $1,600,000->$1,400,000
16 Silent Grove             $2,149,000->$2,099,000
6 Marvin Place             $2,200,000->$2,100,000
9 Crooked Mile Road       $2,395,000->$2,275,000
7 Mortar Rock Road       $2,279,000->$2,385,000 ***increased

—Judy Szablak