Westport Real Estate Monthly Snapshot February 2010
Posted on March 10, 2010
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Westport Home Sales continue to improve with February 2010 outpacing 2009 by 81.8% - 20 vs. 11 homes sold. For Homebuyers prices remain low, with substantial inventory to choose from. For Home sellers the Spring 2010 means competitive pricing and preparing their homes for sale. In today’s market, Home buyers are looking for move-in ready homes. Staging provides home sellers a recipe for success, with strategies and tools to sell smart and stand out from the competition.
Highlights:
Posted on March 10, 2010 Fairfield Home Sales continue to improve with February 2010 outpacing 2009 by 125% - 27 vs. 12 homes sold. For Home buyers prices remain low, with substantial inventory to choose from. For Home sellers the Spring 2010 market means competitive pricing and preparing their home for sale. In today’s market, home buyers are looking for move-in ready homes. Staging provides home sellers a recipe for Highlights:
• The Avg. Home List and Sale Price in February was down approximately 30% compared with the same period over the past two years.
• Average Days on Market dropped 78 days since 2008 for the month of February.
• # of Home Listings Taken was up over 2% in February 2010 over 2009.
• # of Home Listings Sold was strong, resulting in an 81.8% increase compared to February 2009.
• LP/SP ratio adjusted up 4%, as home sellers competitively price homes to market.
February 2010 Real Estate Market Statistics for Westport, CT
February '10
February '09
February '08
% Chng '09
% Chng '08
Avg. List $
$1,369,320
$2,108,255
$2,183,614
-32.2%
-37.3%
Avg. Sale $
$1,289,150
$1,819,300
$2,025,000
-29.1%
-36.3%
Avg. Mrkt Time
100 days
143 days
178 days
-43 days
-78 days
# Homes Listed
73
71
83
2.8%
-12%
# Homes Sold
20
11
14
81.8%
-42.9%
List $ : Sale $
94.1%
90.1%
92.7%
4%
1.4%
Fairfield Real Estate Monthly Snapshot February 2010
Filed Under Buying A Home, Selling Your Home | Leave a Comment
success, with strategies and tools to sell smart and stand out from the competition.
• The Avg. List price of a home was up 1.1% and 3.2% respectively over 2009/2008.
• The Avg. Sale price of a home remained relatively flat vs. the past two years.
• The Avg. Days on Market increased by 30 days compared to February 2009, reinforcing the need for competitive pricing and home staging.
• The number of home listings taken was down 5.3% vs. 2009.
• The number of homes sold was strong, resulting in a 125% increase over February 2009.
• LP/SP ratio adjusted down 2.5%.February 2010 Real Estate Market Statistics for Fairfield, CT
February '10
February '09
February '08
% Chng '09
% Chng '08
Avg. List $
$841,467
$832,092
$815,393
1.1%
3.2%
Avg. Sale $
$774,083
$786,327
$773,240
-1.6%
.1%
Avg. Mrkt Time
116 days
86 days
110 days
30 days
6 day
# Homes Listed
124
131
116
-5.3%
6.9%
# Homes Sold
27
12
25
125%
8%
List $ : Sale $
92%
94.5%
94.8%
-2.5%
-2.8%
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