Friday, June 01, 2018

Quick overview of Westport results through May 31, 2018

Nearly Midway through the Year

Through the first five months of the year, there have been 
152 salesof single family homes in Westport.  This compares
favorably to the 143 sales at this time last year.  The average 
price of the 2018 sales has been $1,477,674, with those homes 
averaging 120 days on the market.  The volume of homes on the
market (inventory) has been trending downward.

There are currently  365 single family homes on the market.  
The average sales price of homes with 4 or more bedrooms
has been well above the average, whereas the 22 homes 
with three bedrooms have had an average
sales price of $733,057.  Total sales volume in Westport year
to date is $653,131,995, with an additional 105 homes that
have accepted offers or are under contract.

Greens Farms sales have increased to 
19 from 10 at this time last year, with a median price 
of $1,450,000.  Compo Beach area sales have remained even (17)
with the median price currently at $2,200,000.  Saugatuck Shores sales
have only totaled 6 compared to 10 at this  time last year.

Demand for homes under $ 1 million remains very solid, and new
construction sales continue to be steady.

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