Westport Real Estate Activity July 2018

Westport Single Family Homes Jan. 1 – July 30, 2018

Average List Price: $1,557,722
Average Sale Price:
$1,495,555
Average Days on Market: 114
Number of Houses Sold: 245

248 homes were sold during the same time period last year resulting in an approximate 1.2% decrease in the number of homes sales in Westport. Of those homes sold last year, the average sale price was $1,641,396 while this year's average sale price has been $1,495,555. Sales volume has decreased, and home values have decreased by 8.9%.

Housing Stock

Westport Real Estate Activity June 2018

Westport Single Family Homes Jan. 1 – June 30, 2018

Average List Price: $1,550,399
Average Sale Price:
$1,485,391
Average Days on Market: 117
Number of Houses Sold: 202

205 homes were sold during the same time period last year resulting in an approximately 1.5% decrease in the number of homes sales in Westport. Of those homes sold last year, the average sale price was $1,645,632 while this year's average sale price has been $1,485,391. Sales volume has decreased, and home values have decreased by 9.7%.

Housing Stock

Westport Real Estate Activity May 2018

Westport Single Family Homes Jan. 1 – May 31, 2018

Average List Price: $1,581,814
Average Sale Price:
$1,522,388
Average Days on Market: 127
Number of Houses Sold: 158

150 homes were sold during the same time period last year, resulting in an approximately 5.3% increase in the number of homes sales in Westport. Of the homes sold last year, the average
sale price was $1,680,712 while this year's average sale price has been $1,522,388.
Sales volume has increased, and home values have decreased by 9.4%.

Housing Stock

Westport Real Estate Activity April 2018

Westport Single Family Homes Jan. 1 – April 30, 2018

Average List Price: $1,638,812
Average Sale Price: $1,574,870
Average Days on Market: 132
Number of Houses Sold: 121

103 Homes were sold during the same time period last year, resulting in approximately a 17.5% increase in the number of homes sales in Westport. Of those homes sold last year, the average sale price was $1,607,057 while this year's average sale price has been $1,574,870. So, while sales volume has increased, home values have decreased by 2.0%.

Housing Stock

Westport Real Estate Activity March 2018

Westport Single Family Homes Jan. 1 – March 31, 2018

Average List Price: $1,602,123
Average Sale Price: $1,535,635
Average Days on Market: 136
Number of Houses Sold: 84

66 Homes sold during the same time period last year resulting in approximately a 27.3% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,610,552 while this years average sale price is $1,535,635. Sales volume have increased, and home values in Westport have decreased by 4.7%.

Housing Stock

Westport Real Estate Activity February 2018

Westport Single Family Homes January 1 – February 28, 2018

Average List Price: $1,587,810
Average Sale Price: $1,507,722
Average Days on Market: 149
Number of Houses Sold: 51

40 Homes sold during the same time period last year resulting in approximately a 27.5% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,713,592 while this years average sale price is $1,507,722. Sales volume have increased, and home values in Westport have decreased by 12.0%.

Westport Real Estate Activity January 2018

Westport Single Family Homes January 1 – 31, 2018

Average List Price: $1,675,582
Average Sale Price: $1,579,581
Average Days on Market: 137
Number of Houses Sold: 28

23 Homes sold during the same time period last year resulting in approximately a 21.7% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,603,017 while this years average sale price is $1,579,581. Sales volume have increased, and home values in Westport have decreased by 1.5%.

Housing Stock

Westport Real Estate Activity December 2017

Westport Single Family Homes Jan. 1 – December 31, 2017

Average List Price: $1,607,240 Average Sale Price: $1,532,778 Average Days on Market: 122 Number of Houses Sold: 433

367 Homes sold during the same time period last year resulting in approximately a 18% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,527,152 while this years average sale price is $1,532,778. Sales volume have increased, and home values in Westport have increased by 0.4%. 

 

 

Westport Real Estate Activity November 2017

Westport Single Family Homes Jan. 1 – November 30, 2017

Average List Price: $1,624,973 Average Sale Price: $1,550,275 Average Days on Market: 123 Number of Houses Sold: 398

338 Homes sold during the same time period last year resulting in approximately a 17.8% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,551,956 while this years average sale price is $1,550,275. Sales volume have increased, and home values in Westport have decreased by 0.1%.

 

Westport Real Estate Activity October 2017

Westport Single Family Homes Jan. 1 – October 31, 2017

Average List Price: $1,650,896 Average Sale Price: $1,575,725 Average Days on Market: 123 Number of Houses Sold: 359

317 Homes sold during the same time period last year resulting in approximately a 13.2% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,539,912 while this years average sale price is $1,575,725. Sales volume have increased, and home values in Westport have increased by 2.3%.

 

Westport Real Estate Activity September 2017

Westport Single Family Homes Jan. 1 – September 30, 2017

Average List Price: $1,647,231 Average Sale Price: $1,573,000 Average Days on Market: 125 Number of Houses Sold: 338

291 Homes sold during the same time period last year resulting in approximately a 16.2% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,542,028 while this years average sale price is $1,573,000. Sales volume have increased, and home values in Westport have increased by 2.0%.

 

Westport Real Estate Activity August 2017

Westport Single Family Homes Jan. 1 – August 31, 2017

Average List Price: $1,631,971 Average Sale Price: $1,560,034 Average Days on Market: 125 Number of Houses Sold: 308

271 Homes sold during the same time period last year resulting in approximately a 13.7% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,561,346 while this years average sale price is $1,560,034. Sales volume have increased, and home values in Westport have decreased by 0.1%.

 

Westport Real Estate Activity July 2017

Westport Single Family Homes Jan. 1 – July 31, 2017

Average List Price: $1,707,705 Average Sale Price: $1,630,196 Average Days on Market: 127 Number of Houses Sold: 250

221 Homes sold during the same time period last year resulting in approximately a 13.1% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,582,456 while this years average sale price is $1,630,196. Sales volume have increased, and home values in Westport have increased by 3.0%.

 

Westport Real Estate Activity June 2017

Westport Single Family Homes Jan. 1 – June 30, 2017

Average List Price: $1,717,192 Average Sale Price: $1,638,807 Average Days on Market: 131 Number of Houses Sold: 204

185 Homes sold during the same time period last year resulting in approximately a 10.3% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,568,401 while this years average sale price is $1,638,807. Sales volume have increased, and home values in Westport have increased by 4.5 %.

 

Westport Real Estate Activity May 2017

Westport Single Family Homes Jan. 1 – May 31, 2017

Average List Price: $1,761,617 Average Sale Price: $1,671,181 Average Days on Market: 128 Number of Houses Sold: 151

130 Homes sold during the same time period last year resulting in approximately a 16.2% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,638,005 while this years average sale price is $1,671,181. Sales volume have increased, and home values in Westport have increased by 2.0%.

 

Westport Real Estate Activity April 2017

Westport Single Family Homes Jan. 1 – April 30, 2017

Average List Price: $1,674,994 Average Sale Price: $1,593,926 Average Days on Market: 125 Number of Houses Sold: 104

96 Homes sold during the same time period last year resulting in approximately a 8.3% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,667,091 while this years average sale price is $1,593,926. Sales volume have increased, and home values in Westport have decreased by 4.4%.

 

The Neighborhoods of Westport

You think you’re looking for a home in Westport. But here at KMS Partners, we’re talking about Old Hill, Coleytown, The Hunt Club and Saugatuck Shores. What’s going on?! Like any town, Westport is really a collection of neighborhoods. Some are defined by history, others by school boundaries. Some names come from realtors, the result of new development.

Neighborhoods -- also called “market areas” -- provide a shorthand for buyers (and sellers), making a good-sized town more manageable. They’re a way to highlight certain features, helping buyers target their search. For example, “Old Hill” signifies “historic” and “close to town,” while “Compo Beach” indicates (duh) water and (generally) smaller lots.

Neighborhoods change over time. The allure of beach communities diminished after a few storms. Now -- with more FEMA-compliant homes -- they’re back. The installation of sewers helped Saugatuck Shores become more popular. The new Bedford Square development is making “In-town” attractive.

Coleytown was once noted for its most famous resident, Paul Newman. Greens Farms was famous for Martha Stewart. Both are gone, so those market areas are known for other reasons.

Here’s a quick guide to Westport’s neighborhoods. Of course -- like San Francisco weather -- there are micro-neighborhoods within each. Talk to us -- we’re happy to tell you more!

Coleytown. Known for its “country appeal,” including estate-like properties. Parts of Coleytown have 2-acre zoning. The Aspetuck and Saugatuck Rivers flow through this bucolic, serene section of Westport. Clinton Avenue and its many side streets are close to downtown, offering “in-town” conveniences.

Compo Beach. A “hot” area, with high demand and escalating prices. The lifestyle here is informal, based around water and recreation. New construction continues at a brisk pace, while other homes are being raised to meet FEMA standards.

Compo Commons. Called “Gault” by locals and long-standing residents, this newer development is popular with young families. Like Compo Beach, homes are relatively close together -- making it a premier trick-or-treating neighborhood at Halloween.

Compo South. A newer designation: not quite beach, not quite Compo Commons, not quite Saugatuck. But a desirable enclave nonetheless, incorporating features of all those others.

Greens Farms. Westport’s very first neighborhood, dating back to the 1600s. Many historic homes remain. With a train station, post office, beach, an excellent elementary school, easy access to I-95 -- and killer views -- this is one of Westport’s largest and most popular market areas.

Hunt Club. A relatively new designation, showcasing homes surrounding the broad lawns of the Fairfield County Hunt Club. Being part of the Long Lots school district (see below), adds to its appeal.

In-town. As downtown Westport kicks into high gear -- adding restaurants and the new Bedford Square complex -- buyers of all demographics are moving in. The opportunity to walk to town, from handsome homes on safe streets, is particularly alluring.

Long Lots. With 1970s colonials, new construction in a variety of price ranges, and (mostly) 1-acre zoning, this neighborhood offers a lot for everyone. Close proximity to 3 schools -- Long Lots Elementary, Bedford Middle and Staples High -- is a special attraction.

Old Hill. Like Greens Farms, this is a historic neighborhood with well-maintained homes. Though convenient to downtown, it stands apart from it (on -- of course -- a hill).

Red Coat. This market area is close to the Merritt Parkway and downtown, yet beloved for its privacy and wooded beauty.

Saugatuck. The original commercial center of Westport, later a tight-knit Italian neighborhood, Saugatuck has enjoyed a recent renaissance. With a river, railroad, I-95, and a bustling retail and restaurant scene, it’s among the town’s most active areas.

Saugatuck Shores. Wedged between a lagoon and Long Island Sound, this was once dotted with tiny homes. Many have been renovated or rebuilt. Today Saugatuck Shores is as close to Cape Cod as Westport gets. It may be Westport’s most unique neighborhood -- and definitely closest to the water.

Saugatuck Island. A new designation, describing and island just past Saugatuck Shores.

What’s your neighborhood? To learn more, contact KMS Partners: 203.454.5411 or email info@kmspartners.com

Westport Real Estate Activity March 2017

Westport Single Family Homes Jan. 1 – March 31, 2017

Average List Price: $1,682,642 Average Sale Price: $1,590,118 Average Days on Market: 128 Number of Houses Sold: 67

62 Homes sold during the same time period last year resulting in approximately a 8.1% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,638,149 while this years average sale price is $1,590,118. Sales volume have increased, and home values in Westport have decreased by 2.9%.

 

Westport Real Estate Activity February 2017

Westport Single Family Homes Jan. 1 – February 28, 2017

Average List Price: $1,766,117 Average Sale Price: $1,677,687 Average Days on Market: 142 Number of Houses Sold: 41

39 Homes sold during the same time period last year resulting in approximately a 5.1% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,702,282 while this years average sale price is $1,677,787. Sales volume have increased, and home values in Westport have decreased by 1.4 %.

 

Westport Real Estate Activity January 2017

Westport Single Family Homes Jan. 1 – January 31, 2017

Average List Price: $1,617,825 Average Sale Price: $1,546,287 Average Days on Market: 146 Number of Houses Sold: 24

20 Homes sold during the same time period last year resulting in approximately a 20% increase in home sales in Westport. Of those homes sold last year, the average sale price was $1,711,150 while this years average sale price is $1,546,287. Sales volume have increased, and home values in Westport have decreased by 9.6 %.