"The surge of interest comes from all quarters but might be most typified as New York City or Westchester residents looking for short or long term accommodation further out, or simply accelerating a plan to move to the suburbs that was already in place. That interest largely has been for rentals in area, as people — primarily New Yorkers — look for quick ways to get out of New York City or other parts of the state during the pandemic. Walk to Main Street and stop at Coffee and Donuts on the way. Image "Fundamental value in the market seems to remain and the appeal of life in our towns continues to be a significant draw.". WESTPORT, CT — As the state anxiously prepares to reopen — and faces deficits in a post-coronavirus (COVID-19) environment — one area that has not only survived but thrived during the pandemic has been the residential rental market, according to Mark Gilrain, president of the Mid-Fairfield County Association of Realtors. Mid-Fairfield County Association of Realtors. We expect to see inventory begin to climb toward more ordinary levels. Weston. Their accuracy of the Bridgeport real estate market trend prediction is 78%. According to LittleBigHomes.com, the Bridgeport real estate market forecast for the 12 months ending with the 3rd Quarter of 2019 is positive. ", The last couple of weeks in April saw a 40 percent increase in accepted offers in those four communities, reaching a total of 125, he says. As a result, this year’s third-quarter sales were the strongest in 20 years, according to a market report from Halstead Real Estate. "In the first half of April, we saw the number of accepted offers drop to 43 percent of those from the same period last year," Gilrain says. And he's even seen a few properties receive multiple offers, a sign that the market has not bottomed out. These are towns in a Buyer’s market. The buyer and seller of real estate determine the fair market value of real estate. Fair market value is the standard by which the fairness of all assessments is judged. The 4th Quarter index value was 1.15 points lower than the 3rd Quarter, 2018 index value of 408.11, resulting in a 0.28% decline for the 4th Quarter in the Order By. 'I Wish They Could See': Health Care Workers Tired, Demoralized. Wednesday, May 13, 2020 . Over the last thirty years, it is up 53%. Overall housing inventory is less than half in 2020 of what it was in 2019, but anecdotally Gilrain says that he is seeing some sellers who took homes off the market begin to wade back in. Additionally, there are 37 rentals, with a range of $1.2K to $39.5K per month. Summary YTD Sales (SF) through May 2019 vs. 2018 were down in Westport (-23.9%) and Weston (-3.8%), up in Wilton (+11.4%), Fairfield (+10%), down in Norwalk (-5.8%), Darien (-5.6%), up in New Canaan (+12.5%). Westport, CT 06880. Get Printable Version. But with home sales down since the onset of the pandemic, the rental market has picked up. The coronavirus was all over the news, but was still early. We could not find any nearby new homes for sale right now. To sign up for free, local breaking news alerts from more than 100 Connecticut communities, click here. By the numbers, a so-so rental performance for the first months of 2020, became turbo-charged with lockdowns and COVID-19.". Save. Sales of 157 single-family homes in July, August and September were 104 percent above 2019, the data showed. YTD Average Sales Price was down in Westport (-11%), up in Weston (+3%), down in Wilton (-17%) and Fairfield (-5%), up in […] Fairfield County Connecticut Fairfield County Real Estate Market Summary information provided by the Cheryl Scott-Daniels Group Fairfield County Real Estate,Westport CT Homes for sale,Fairfield Homes for sale,Fairfield county information,CSD Select Homes,real estate,Westport CT Real Estate,Residential Real Estate,Westport Real agency. The Best Holiday Gifts For Everyone On Your List, Nantucket Garden Designer Seeking Estate Cottage/Garage Apartment. Westport has low crime risk. Sales are still strong in 2019, although the spring real estate market didn’t hit with the strength of previous years: While he didn't say which town that above-asking offer was in, it "came from a working couple with young children who are relocating to this area and were only able to see the home by a custom video tour completed" by the agent. A look at the last 15 years in the CT market! Home prices in the Connecticut Real Estate Market have gained 1.40% over the last 12 months. The median list price of homes in Westport, CT was $1.6M in November 2020, trending up 43.1% year-over-year. The number of active listings (345) was up 19% from one year earlier and up 13% from the previous month. Housing Sales Off, Rental Market Strong During Coronavirus - Westport, CT - The pandemic has not hurt the area's rental market, says Mark … This year we experienced an increase to 31%. Coleytown is the most affordable neighborhood, with a median listing price of $1.4M. Westport, CT Real Estate – Weekly Report for 11/14/20 – 11/20/20 This week in Westport, we had 11 New Listings, 7 Price Reduction, 12 Continue To Show, 14 Pending, and 15 homes Sold. Then came April, a devastating month for public health, jobs, the economy and home sales. A very special house in a fabulous location with four bedrooms and great family spaces but cozy at the same time. Click on the links below for a PDF file of recent property transfer reports, supplied by the Westport Town Clerk. "Realtors have adopted and are following protocols that minimize physical showings (live video, pre-recorded tours, etc)," he says. Our free service analyze millions of home sales to find the perfect agent for you. 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