Westport Ma Real Estate & Homes for sale in Westport

- November 2012 -

Westport MA real estate sales remains stable. In November there were 19 homes sold in Westport compared to October  when 8 homes Sold in Westport.

SOLD HOMES:  The lowest priced house in Westport in the month of November sold for $117,000 which was a Ranch on South Berryman St and it was a Estate Sale. St. In October  the lowest priced home sold for $60,000.

The Highest priced home in Westport in the month of November sold for $1,270,000 which was a Waterfront Cape on Drift Rd with views of the Westport River. Compared to October sold for $699,000 which was a ranch on Costa Lane. One Sales was a foreclosure on Pine Hill for $155,000. There were no Condos nor Multi Families homes sold in October.

UNDER AGREEEMNT: There were 11 single family homes Under Agreement with prices varying from $135,000 to $995,000 as of November 30th.

ACTIVE LISTINGS: There are currently 101 Active listing in Westport (based on MLSPIN MA) with prices varying from $165,000  on Beechwood St up to $2,595,000 on River Road. Six units are condominiums with prices between $167,500 and $439,000, and 8 are multi families with prices from $349,000 up to $699,000. There are currently 2 Foreclosure available for sale in Westport and 1 Short Sale.

Home Sold in Westport MA - 2012 Average Prices

Average Price	January	February	March	April	May	June
List price p/SqFt	$162	$193	$182	$201	$209	$306
List Price	$345,414	$228,967	$452,670	$530,515	$370,971	$658,835
Sales Price	$329,271	$212,333	$395,740	$491,795	$331,600	$542,358
Sale price p/ SqFt	$155	$178	$171	$189	$190	$209
Days on the Market	169 days	309 days	120 days	195 days	149 days	222 days

 

Average Price	July	August	September	October	November	December
List price p/SqFt	$173	$211	$207	$151	$208
List Price	$346,535	$480,783	$328,733	$345,338	$404,532
Sales Price	$339,723	$417,150	$316,000	$327,188	$381,626
Sale price p/ SqFt	$171	$189	$202	$147	$195
Days on the Market	254 days	217 days	164 days	96 days	143 days

If you are thinking of buying a home please visit www.DistinctiveHomes-NE.com for a free list of homes for sale in Westport MA and surrounding towns. Would like to receive a current market update of your specfic area? Contact me with your request.

If you are thinking of selling your home contact me for a FREE Current Market Analysis and to learn about our Market Plan to get your home SOLD!

We work with one going in mind, YOURS!

Noemi Cardoso

Local Office. Local Agents. Local Knowledge.

William Raveis Real Estate
911 Main Rd - Westport MA 02790
Cell: 508-558-1945
www.DistinctiveHomes-NE.com
noemi@DistinctiveHomes-NE.com
 

Is It Time to Buy A Rental Property?

by The KCM Crew on November 14, 2012
 

Yesterday, we discussed rising rents and their impact on the long term housing expense of tenants. Today, we want to look at the opportunities that single-family rental units present for the small investor.

With house prices inching up and rents skyrocketing, this may be the perfect time to invest in single family residential real estate.

If you do, you won’t be alone. According to the National Association of Realtors’ (NAR) 2012 3rd uarter Metro Area Report:

“Investors…accounted for 17 percent of all transactions in the third quarter.”

More than one out of every six houses sold are purchased by an investor. In the most recent MarketPulse Report by CoreLogic, their Principal Economist, Sam Khater, wrote on the subject in a story titled Roll Tide, or The Rise of the Single Family Rental Market. The major takeaways from the article are:

• The single-family rental market remained very active in the late summer of 2012 with increases in demand, tightening inventory and rising rents.
• Nationally, rental leasing volumes were up every month for two years. In August, they were up 7% over last year.
• Supply was down 11% over the same period.
• This tightness in supply has caused rents to increase.
• Rent growth is expected to increase at a ‘strong clip’ late in 2012 and in 2013.

If a private investor is looking for a great hands-on opportunity, perhaps purchasing a single-family house to rent out makes sense. Check with your local real estate advisor to uncover the opportunities in your region.

If you are thinking of buying a home in Westport MA visit www.DistinctiveHomes-NE.com for a free list of homes for sale in Westport MA.

If you are thinking of selling your home contact me for a FREE Current Market Analysis and to learn about our Market Plan to get your home SOLD!

Noemi Cardoso
Local Office. Local Agents. Local Knowledge.
William Raveis Real Estate
911 Main Rd - Westport MA 02790
Cell: 508-558-1945
www.DistinctiveHomes-NE.com
Noemi.Cardoso@raveis.com