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Thursday, February 20, 2014

Real Estate Report: Upper Price Ranges Hottest Sector

By Judy Szablak

As the spring market begins to emerge in Westport, a choice few price ranges within its borders are heating up as well. Image
This home at 9 Woodland Drive is listed at $3,315,000. (CLICK TO ENLARGE) Photo courtesy of The Riverside Realty Group

The hottest price pockets in town right now are between $3-3.5 million, $3.5-4 million, and tied for third place are the $2.25-2.5 million and the $5-10 million range.

There are currently 22 homes listed as being available in the $3-3.5 million range. One property is currently under the first stage of deposit, while another five homes are pending, and scheduled to close.

Maybe those figures are somewhat indecipherable to those who are not actively engaged as local Realtors. However, the deposits within the short time frame signify the healthiest market in this sought-after price range in a very long time.

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