Tuesday, December 20, 2016

2016 Greens Farms/ Compo Beach and Westport Overview

2016 was a year of mixed results.  Sales of single family homes in Greens Farms were up 2, to 46, but the median price of $1,420,000 was down 10% from 2015. The reason for the change in median price was due in part to the fact that sales of homes over $2 million fell to 12 from 16 in 2015, including one sale of $16 million on Beachside Avenue. 

In the Compo Beach area sales were at 35 homes compared to 44 in 2015, a drop off of 20%, but the median price of $1,577,500 was off only 1% from the previous year.

Town wide sales were also off slightly.  The median price of $1,279,000 reflected a slight (2%) downward trend.  Sales volume of 352 reflected a loss of 24 single family units, representing a 6% sales decrease.  The highest price home at 55 Beachside Avenue sold for $8,800,000.

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