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Tuesday, January 26, 2016

Real Estate Report: Finding Agent Daunting Task

By Judy Szablak

Finding your next real estate agent to help you sell or buy a home in Westport does not have to be a daunting task.

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Featured Home This home at 37 High Point Road is listed at $3,399,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis,Westport - Westport Beach (+) Country Homes.

You may have a real estate agent that you have worked with in the past, and has done a good job for you. In that case, it’s easy.

However, if that’s not the case, you’ll need to strategize to find the best fit.

Many people have friends in real estate. However, that is not necessarily always the best route to go, mainly because your finances and personal business will be an open book to that person, which some prefer not to divulge.

Some will look to find real estate signs in the neighborhood, and either call the company or the specific agent. However. that may not be the best choice either.

Some agents fare better than others when negotiating for buyers, rather than sellers, and some are better at marketing properties rather than negotiating for buyers

Yet others will suggest that you work with someone who has helped them in the past, and they seemed to be a good fit.

The concern with that is what that person was looking for in an agent may not be the same as what you require for your needs.

Whether you are buying or selling, there is nothing wrong with interviewing a few agents to make sure you get the best fit for you.

You will be working with this Realtor, and speaking frequently. It’s important to be on the same page, and to have a good rapport from the very beginning.

No one says you have to work with the first agent that you meet, unless you “click” so well, that you feel there is no need to spend another hour or two meeting with another Realtor.

Market Stats

There are 258 homes actively on the market, and these properties have been listed for an average of 122 days, with a cumulative market time of 236 days. The average list price is $2,307,793, and the median price is $1,787,500.

A contemporary home on Compo Mill Cove is the highest priced home for sale at $13 million, and the lowest available priced single family is a home on Crescent Road for $375,000.

Twenty-eight new listings came on the market in the last seven days, and two properties came back on the market after being under deposit, or temporarily withdrawn. Nine properties had a price change.

Four properties have gone under the initial deposit stage, which we call CTS, and four properties went into pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

The average price of those four properties was $2,069,725. There are currently 16 homes in CTS status throughout Westport, and another 38 properties scheduled to close town-wide, with an average price of $1,856,337.

Closings: There were five single family homes reported as sold in the last week, and they were listed on average at $1,809,600 with a market time of 118 days. There were 58 status changes in the last seven days.

Condos: There are six condominiums that are available, and they have been listed an average of 101 days. Their average listing price is $733,667 and the median price is $690,000.

The highest priced condo in town is listed at $1,238,000 and is a three-bedroom home located at Terra Nova Circle, and the lowest priced unit for sale is a one-bedroom home on Bridge Street for $211,000.

There were no new listings this week, and no homes came back on the market, There were no price changes, and no properties went under the initial stage of deposit, or pending status.

There are no properties town-wide that are currently in CTS status, and there is one property that is scheduled to close, which is listed at $875,000..

One sale was reported during the last week, and was listed at $725,000. There was one status change.

Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 47 homes or apartments available. The median price is $4,500 per month and the average price is $4,905 per month.

These year-round rental opportunities have been on the market an average of 104 days.

There are 31 short-term rental opportunities that are available, and they have been on the market an average of 65 days. Their average price is $15,266 and the median price is $10,500.

Please note that seasonal rental prices are sometimes listed as an aggregate price for the season, or they can be listed as per the monthly rental cost.

Source: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics

Featured Home

This home at 37 High Point Road is listed at $3,399,000.

Located on a cul-de-sac on the sought after Long Lots area, this new transitional colonial has just been completed by HOBI Award-winning Bluewater Home Builders.

Sixteen rooms on four finished levels offer over 8,600-square feet of superbly designed and masterfully crafted living space.

There are 9-foot ceilings on both the first and second floors, and custom millwork throughout, including low profile coffered ceilings, 42-inch wainscoting, shiplap detailing, and outstanding custom finishes.

A gracious foyer with soaring two-story ceilings sets the stage for a comfortable yet elegant home with exceptional flow.

The living room features a gas fireplace with custom mantel and stone surround.

The dining room has a gentle tray ceiling and specialty mill-work including wainscoting and custom crown molding.

The perfectly placed butler’s pantry has more than ample cabinetry that also compliments the kitchen, with a custom backsplash, sink, and wine fridge.

A state-of-the-art gourmet kitchen has stainless steel Viking appliances, and a matching center island with vegetable sink that seats four comfortably.

The breakfast room overlooks 1.27-acres of beautifully landscaped and level property and has sliding French doors to a bluestone patio and outdoor stone credenza with built-in Viking barbecue grill.

The great room is open to the breakfast area, and has low profile coffered ceilings, a fireplace, and multi-panelled French doors leading to the bluestone patio for exceptional outdoor entertaining.

In addition, the main level study has custom cabinetry, built in shelving, and sliding doors to another covered porch.

Upstairs, the main hallway for the five bedrooms also acts as an interior balcony overlooking the foyer below.

The master bedroom suite has a tray ceiling and a romantically inspired fireplace, along with a sitting area and a very large split walk-in closet and dressing area.

The marble spa-like bath with dual vanities has radiant heated flooring, a free-standing tub, and glass enclosed steam shower.

There are four additional bedrooms on this floor, two of which are en suite, and two that share a “Jack and Jill” style bath.

The third floor is finished, and the lower level has another bedroom, full bath, playroom, gym with rubber flooring, and a media room with AV closet.

Schools— Long Lots, Bedford, Staples

Extras and items to note— six bedrooms, five full and three one-half baths, four fireplaces, finished third floor, outdoor kitchen, generator with transfer switch, security system, pre-wired audio system, wine cellar with thermostatic control, irrigation system, room for pool.

Taxes have yet to be determined.

Listing/photo courtesy of William Raveis,Westport - Westport Beach (+) Country Homes.


Judy Szablak
(Editor’s Note: Judy Szablak of Coldwell Banker Westport - Riverside, Fairfield County CT Realtor since 1984 is author of “The Art of Buying or Selling a Home,” and featured on HGTV’s real estate show, “Desperate to Buy.” Email .(JavaScript must be enabled to view this email address) or visit her online at http://www.CThomesAndRealEstate.com.

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Posted 01/26/16 at 02:19 PM  Permalink



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