Saturday, April 25, 2015
For at least the 15th time in 10 years, The New York Times again has featured Westport and its real estate doings, including its teardowns.
Sunday’s page one of the real estate section, available online here, features a Westport-datelined story headlined “In Fairfield, the Builders Are Back.” Fairfield refers to Fairfield County.
Written by Lisa Prevost, who has authored many of the previous Times real estate stories mentioning Westport, the story begins: “On a recent Sunday afternoon here, anyone visiting open houses might have thought the recession never happened.
“At one new multimillion-dollar colonial after another, real estate agents were eagerly waiting to show visitors high-ceilinged kitchens anchored by immense white-marble islands; fireplaces hefty enough to offset mega-size flat-screen TVs; exercise rooms with saunas and steam showers; and marble bathrooms with freestanding tubs and heated floors.
“En-suite bathrooms for every bedroom are ‘really big right now,’ said Lisa Watkins, an agent with William Raveis, who was showing a $2.699 million house on the outskirts of the sought-after Compo Beach area.”
The article reports that ”builders’ expectations for the spring market here are clearly high. After a recession-induced lull, new construction catering to wealthy buyers is back in a big way in Westport and a few other select areas of Fairfield County, particularly New Canaan and the neighborhoods around the beach.
“And the voracious demand for teardown properties where that new construction can be built is raising the already-high bar for first-time buyers, pitting them against builders looking for older homes on decent-size lots.”
Posted 04/25/15 at 07:31 AM Permalink