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Winter 2012 Market Update
The market is full of contradictions right now so it's difficult to predict what will happen in the next few months. There are great opportunities to find a fantastic home in a wonderful town but I believe it's more important than ever to have an experienced realtor at your side.
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| Average Home Price | $2,500,000 - View Graph Trend |
| Average Price Compared to Last Year | About the same |
| Average Time on Market | 60-90 days |
| Prices As % of Asking Price | 90-95% |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Multiple Offers? | No |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | First-Time Buyers |
| Reason to Buy/Sell | Job Growth |
| Nearest Metro Area | New York City--Manhattan, NY |
| Housing Hot Spots | Paul Newman lives there and Martha Stewart used to. A wonderful town that grew out the beautiful countryside with people from New York, very shiek. A lot of writers, actors and creative people live there. Lots of awesome country clubs and restaurants. Beautiful boating off of the Long Island sound. |
| Average Sold Price | $2,500,000 - View Graph Trend |
Westport Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
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