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Real Estate

Wednesday, March 22, 2017

Real Estate Report: Sales, Median Price Up

By Judy Szablak

Special to WestportNow

Westport’s real estate market has not been this active for quite a long time.

WestportNow.com Image
Featured Home: This home at 8 Bradley St. is listed at $3,950,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis/The Fair Group

In fact, closed sales are up from the first quarter of last year, and the median sale price is up by an impressive $200,000.

The current buyer activity is higher than we have seen for quite some time, and may possibly facilitate a nominal rise in property values.

Although the seasonal spring market is fueling part of this increase in activity, a mostly mild winter also gave us a wonderful base to start from, and a great head start on the season.

More "Real Estate Report: Sales, Median Price Up"

   

03/22/17 05:22 PM Comments () • Permalink

Westport Real Estate Price Changes

Westport real estate price changes over the past week:

3 Clinton Ave.              $564,000->$555,000
79 Compo Road North         $659,000->$649,000
299 Main St.              $675,000->$669,000
33 Pumpkin Hill Road         $789,000->$769,000
118 Wilton Road           $1,159,000->$1,109,000
166 Roseville Road       $1,400,000->$1,550,000 (Increase)
20-26 Morningside Drive South.  $1,950,000->$1,650,000
15 High Point Road         $1,779,000->$1,689,000
2 Mimi Lane               $1,895,000->$1,795,000
318 Wilton Road           $1,999,900->$1,899,000
1 Oak Ridge Park         $1,999,999->$1,899,999
196 Long Lots Road       $2,099,000->$1,999,000
8 Harbor Road             $2,300,000->$2,150,000
129 Beachside Ave.    $2,685,000->$2,499,000
19 Hillspoint Road         $2,695,000->$2,569,000
6 Hillandale Lane           $2,495,000->$2,585,000
104 Easton Road           $2,675,000->$2,585,000
—Judy Szablak

   

03/22/17 05:17 PM Comments () • Permalink

Friday, March 17, 2017

Westport Property Transfers Feb. 27 - Mar. 3, 2017

Westport property transfers as reported by the Town Clerk’s office for the period Feb. 27 - Mar. 3, 2017:

Peter A. Rodaway to Anna Alexander, 301 Post Road East, Unit 10, $429,000WNproperty.jpg

36-5-Properties LLC to Old Hill Elm LLC and Polaris Elm LLC, 36 Elm St., $4,900,000

Janis M. and Andrew B. Collins to Kevin and Elisabeth Ruscitti, 41 Compo Parkway, $2,275,000

SIR-35 Bauer LLC to Nicholas and Kristen Rossi, 35 Bauer Place Extension, $1,670,000

More "Westport Property Transfers Feb. 27 - Mar. 3, 2017"

   

03/17/17 10:46 AM Comments () • Permalink

Gallery: DonutCrazy Officially Opens


Gallery: DonutCrazy officially opened today in the eastbound station house at the Metro-North Westport station in Saugatuck. Taking part in a ribbon cutting were (l-r) Deputy Police Chief Sam Arciola; Jason Wojnarowski, owner; First Selectman Jim Marpe, and Mathew Mandell, executive director of the Westport Weston Chamber of Commerce. The store replaces Steam, which opened in January 2014 and closed one year ago. DonutCrazy currently operates in Shelton, Stratford, Bridgeport, and New Haven. It offers coffee, tea, espresso, cappuccino and latte, juice and an assortment of takeout foods in addition to its wide range of donuts. It is open 5 a.m. to 8 p.m. weekdays plus Saturdays and Sundays. WestportNow.com photos

   

03/17/17 10:06 AM Comments () • Permalink

Thursday, March 16, 2017

Real Estate Report: How Many Homes to See?

By Judy Szablak

Special to WestportNow

With the Westport real estate market heating up, one question always seems to pop up from buyers actively looking—“How many homes should we see before submitting an offer on one we like?”

WestportNow.com Image
Featured Home: This home at 6 Sylvan Farms Lane is listed at $2,899,000. (CLICK TO ENLARGE) Photo courtesy of Westport Residential

Maybe the bigger question is “Should you still see other homes even though the first or second home that you saw seems perfect in every way?”

According to a recent study by the National Association of Realtors, buyers spend an average of four months looking online before they begin the physical search process.

So even though there are very few homes that a buyer may actually visit, there are many online views that should not be forgotten about.

More "Real Estate Report: How Many Homes to See?"

   

03/16/17 11:37 AM Comments () • Permalink

Westport Real Estate Price Changes

Westport real estate price changes over the past week:

21 Hale St.              $470,000->$459,000
10 Davenport Ave.          $599,000->$565,000
23 Old Road                 $640,000->$599,000
17 Maple Ave. South         $675,000->$650,000
45 Turkey Hill Road North       $775,000->$749,000
7 Highwood Lane             $810,000->$795,000
32 Cranbury Road             $875,000->$799,000
33 Red Coat Road             $980,000->$949,000
34 Lyons Plains Road     $1,150,000->$1,095,000
209 Hillspoint Road       $1,074,000->$1,100,000
328 Wilton Road           $1,119,000->$1,113,400
8 Abbotts Lane             $1,324,000->$1,279,000
33 Colony Road           $1,350,000->$1,299,000
222 Compo Road South   $1,590,000->$1,490,000
166 Roseville Road       $1,400,000->$1,550,000
8 Keller Lane               $1,689,000->$1,700,000
3 Minard Drive             $2,050,000 ->$1,975,000
27 Stonybrook Road       $2,200,000->$1,999,999
46 Washington Ave.    $2,169,000->$2,199,000
1 Plunkett Place           $2,350,000->$2,250,000
21 Beachside Common     $3,150,000->$2,999,000
5 Black Berry Lane         $3,450,000->$3,199,000
1 Bluewater Hill South     $3,749,000->$3,495,000
2 Pritchard Lane           $4,300,000->$3,999,999
—Judy Szablak

   

03/16/17 11:34 AM Comments () • Permalink

Saturday, March 11, 2017

Comings & Goings: Anthropologie Closes Before Move

WestportNow.com Image
Anthropologie, 1365 Post Road East, closed today and employees packed up. The women’s casual fashion store, owned by Urban Outfitters, will reopen March 31 at its new location in the new downtown Bedford Square development. According to Anthropologie operations manager, Karen Secrist, the current store has about 50 employees and the new store will expand to 150 employees in addition to 50 part-time personnel during the opening period. The new location has 40,000 square feet, about four times the space at 1365 Post Road East. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

   

03/11/17 12:34 PM Comments () • Permalink

Westport RadioShack ‘Definitely Not Closing’

WestportNow.com Image
An employee at Westport’s RadioShack, 877 Post Road East, said today the store “definitely is not closing.” Speaking three days after RadioShack’s parent company filed for bankruptcy, he said he had been transferred from a Fairfield store, which is closing. RadioShack said in its bankruptcy filing it would close 200 stores and evaluate its options for the remaining 1,300. Sprint Corp. said it will turn “several hundred” of the remaining locations into Sprint-only stores, but declined to give a specific number. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

   

03/11/17 12:27 PM Comments () • Permalink

Friday, March 10, 2017

Comings & Goings: Bistro Du Soleil to Riverside Avenue

WestportNow.com Image
Bistro Du Soleil will open at 615 Riverside Ave. in the next few weeks. The Mediterranean-influenced cuisine restaurant is near the old Saugatuck post office, now occupied by Westport Auction. Proprietor is Maria Munoz Del Castillo, co-owner of Norwalk-based Rincon Taqueria and a gourmet caterer who has been a participant in the Westport Farmers Market. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

   

03/10/17 05:17 PM Comments () • Permalink

Comings & Goings: Donut Crazy Opens Thursday

WestportNow.com Image
Donut Crazy opens Thursday, March 16 at the eastbound side of Metro-North’s Westport station in Saugatuck, according to its manager Michael Tayler (r). The store replaces Steam, which opened in January 2014 and closed one year ago. Donut Crazy, founded by Jason Wojnarowski, currently operates in Shelton, Stratford, Bridgeport, and New Haven. It offers coffee, tea, espresso, cappuccino and latte, juice and an assortment of takeout foods in addition to its wide range of donuts. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

   

03/10/17 12:27 PM Comments () • Permalink

Westport Property Transfers Feb. 20 - 24, 2017

Westport property transfers as reported by the Town Clerk’s office for the period Feb. 20 - 24, 2016:

Howard B. Sosin to Kimberly Gayle Kasarda, 6 Minute Man Hill, $3,350,000WNproperty.jpg

SPJ Realty LLC to Kevin F. Brown, 16 Gault Park Drive, $1,542,400

Lamando Qualified Personal Residental Trust and Lamando Qualified Personal Residental Trust II to Kellie Roth, 8 Bermuda Road, $3,600,725

Edward J. Tarnok Estate to Adam and Thea Rattner, 20 Highland Ave., $1,095,000

More "Westport Property Transfers Feb. 20 - 24, 2017"

   

03/10/17 12:14 PM Comments () • Permalink

Tuesday, March 07, 2017

(Gallery) Comings & Goings: Jesup Hall Opens


Bill Taibe (r) and partner Massimo Tullio today opened their new restaurant, Jesup Hall, in Westport’s Old Town Hall, 90 Post Road East. Taibe, who brought Le Farm, The Whelk, and Kawa Ni to Westport, said, “Jesup Hall is a mix of Westport’s history. It pays homage to Morris Jesup who had a strong hand in Westport and it’s the former Town Hall site.” He said the restaurant is similar to LeFarm, not just in the type of cuisine it serves, “but the lifestyle it emits.” Taibe added: “We’re going to take our time to let the menu evolve. Our customers will make it clear what they like.” He said the menu now ranges from burgers — with all meat coming from Fleisher’s Craft Butchery — to appetizers like foie gras roti and entries like slow roasted duck breast and grass fed beef rib steak.” Tullio describes the wine list as “new world wine with an old world feel — it’s fuller in body. We offer great wines from vineyards in Ontario, Canada and Washington state.” Dave Matlow for WestportNow.com

   

03/07/17 07:12 PM Comments () • Permalink

Radio Shack Busy as Parent Company Files for Bankruptcy

WestportNow.com Image
The Radio Shack store at 877 Post Road East was busy today as deep discounts attracted customers amid reports parent company General Wireless will file Chapter 11 bankruptcy protection -— the second in two years. A worker at the store could not confirm rumors of its closing. “I know the company filed for bankruptcy, but we don’t know if this store will close,” he said. “All sales are final.  No returns will be accepted so it could well be that the store may close.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

   

03/07/17 05:47 PM Comments () • Permalink

Real Estate Report: Healthy Spring Market

By Judy Szablak

Special to WestportNow

It certainly looks like the Westport spring market has already begun in a big way.

WestportNow.com Image
Featured Home: This home at 6 Tranquility Lane is listed at $1,885,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis-Westport

The significance of the activity in just the first week of March signals a greater that usual seasonal upswing.

Inventory is growing at a nice pace, and deposits are already on the rise. In fact, the active listings as compared to the initial deposit ratio is better than it has been in many months. The ratio is important, as it speaks to where the market is headed in the next 60 days.

The initial deposits are also approaching the same number of pending properties, which is also another indicator of heightened activity. While some may argue that this is merely a seasonal trend, the numbers speak just a bit differently, especially at this early stage.

More "Real Estate Report: Healthy Spring Market"

   

03/07/17 01:57 PM Comments () • Permalink

Westport Real Estate Price Changes

Westport real estate price changes over the past week:

21 Hale St.              $470,000->$459,000
111 Valley Road             $590,000->$575,000
299 Main St.            $689,000->$675,000
241 Bayberry Lane         $699,999->$679,900
16 Valley Field Road         $994,000->$929,900
86 Maple Ave. South     $1,212,500->$1,150,000
118 Wilton Road         $1,299,000->$1,159,000  
8 Calumet Road         $1,245,000->$1,200,000
2 Fairview Drive         $1,399,000->$1,299,000
222 Compo Road South   $1,590,000->$1,490,000
82 Clapboard Hill Road   $1,749,000->$1,549,000
11 Ambler Road West   $2,099,000->$1,999,000
27 Stonybrook Road     $2,200,000->$1,999,999  
45 Beachside Ave.    $9,490,000->$8,900,000
—Judy Szablak

   

03/07/17 01:52 PM Comments () • Permalink

Saturday, March 04, 2017

Comings & Goings: Petco Opens on Post Road East

WestportNow.com Image
Petco opened today at 1850-70 Post Road East, the former location of Pet Supplies Plus, which closed last July after 20 years. As part of the first day’s festivities, Greenwich-based Adpopt-a-Dog and Westport’s TAILS were on hand with dogs and cats up for adoption. Westport Animal Control Officer Gina Gambino and Matthew Mandell, executive director of the Westport Weston Chamber of Commerce, joined in with staff to celebrate the opening. (CLICK TO ENLARGE) Contributed photo

   

03/04/17 01:46 PM Comments () • Permalink

Friday, March 03, 2017

Crush to Opening

WestportNow.com Image
Workers crush cardboard boxes today as inventory is moved in for the new Anthropologie store opening March 31 in the new Bedford Square development. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

   

03/03/17 01:12 PM Comments () • Permalink

First Look: Anthropologie, Amis Trattoria, Opening March 31


Gallery: A look inside Bedford Square’s Anthropologie and Amis Trattoria, which will open March 31. The current Anthropologie at 1365 Post Road East will close March 11, according to Lauren Minor, Anthropologie general manager. Anthropologie and Amis Trattoria are owned by Urban Outfitters. Dave Matlow for WestportNow.com

   

03/03/17 12:54 PM Comments () • Permalink

Westport Property Transfers Feb. 13 - 17, 2017

Westport property transfers as reported by the Town Clerk’s office for the period Feb. 13 - 17, 2016:

Steven L. and Lisa B. Dymant to Justin and Michelle Lee Rabinowitz, 11 Woodhill Road, $1,840,000WNproperty.jpg

142 Compo Road North Properties LLC to John Mack and Tyrene Frederick, 142 Compo Road North, $1,730,000

James Lee and Diana E. Ruiz to Martin and Abby Jaramillo, 64 Lyons Plains Road, $2,337,500

Carl and Ritz Stitzer to Rossina K. Petrova, 7 Rockyfield Road, $817,000

More "Westport Property Transfers Feb. 13 - 17, 2017"

   

03/03/17 11:33 AM Comments () • Permalink

Thursday, March 02, 2017

WestportNow Teardown of the Day: 36-42 Main St.

WestportNow.com Image
An application for a permit to demolish the commercial building at Westport’s 36-42 Main St. is in process. Built in 1930, the two-story office/storefront complex has 9,906 square feet, is situated on a .2-acre property and changed ownership in November 2014 for $9.2 million. The space was formerly occupied by Bobby Q’s, Shoe-Inn, and The Brownstone as well as offices upstairs. Because the building was built more than 50 years ago, the application will be reviewed by the Westport Historic District Commission. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

   

03/02/17 03:04 PM Comments () • Permalink

Wednesday, March 01, 2017

Finance Board Gives Nod to Land Swap Deal

Having won a $750,000 one-time upfront payment, the Westport Board of Finance tonight gave its approval to a land swap with developer David Waldman on Elm Street.

Selectman Avi Kaner outlined the deal to the board, calling it a “triple win” for the town.

In addition to the one-time payment, the town will receive approximately $38,000 in annual taxes and gain nine parking spaces, he said.

More importantly, Kaner said, the town will benefit by the beautification of Elm Street as part of its overall downtown renewal.

More "Finance Board Gives Nod to Land Swap Deal"

   

03/01/17 10:15 PM Comments () • Permalink

A New Start Planned for White Barn Theatre

The drama surrounding the fabled White Barn Theatre complex, the brainchild of the late play producer Lucille Lortel, is now in its final act, with supporters poised for a happy denouement.

WestportNow.com Image
Actress, producer and theater impresario Lucille Lortel founded the White Barn Theatre in 1947.  (CLICK TO ENLARGE) Contributed photo

A contract to buy the 15-acre property on the Norwalk and Westport border was signed recently between the White Barn Theatre Foundation and the property’s current owner 78 Cranbury Road LLC.

The contract secures the property if the foundation raises $1.2 million to complete the transaction by this spring, says Waldo Mayo, White Barn Theatre Foundation president.

He said nonprofit, Virginia-based Conservation Fund has tentatively committed to lend the balance of the $4.95 million purchase price.

More "A New Start Planned for White Barn Theatre"

   

03/01/17 02:22 PM Comments () • Permalink

WestportNow Teardown of the Day: 41 Compo Parkway

WestportNow.com Image
An application for a permit to demolish the house at Westport’s 41 Compo Parkway, off Compo Road South, is in process. Built in 1950, the 1-1/4 story custom ranch has 3,560-square feet, is situated on a 1.27-acre property and, according to assessor records last changed ownership in June 2000 for $1,225,000. Because the house was built more than 50 years ago, the application will be reviewed by the Westport Historic District Commission. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

   

03/01/17 01:45 PM Comments () • Permalink

Saturday, February 25, 2017

WestportNow Teardown of the Day: 9 Dexter Road

WestportNow.com Image
An application for a permit to demolish the house at Westport’s 9 Dexter Road, off of Bulkley Avenue North, is in process. Built in 1946, the 1-1/4 story cape has 672-square feet and is situated on a .25-acre property. Because the house was built more than 50 years ago, the application will be reviewed by the Westport Historic District Commission. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

   

02/25/17 12:20 PM Comments () • Permalink

Friday, February 24, 2017

Comings & Goings: Vespa Restaurant Shuttered

WestportNow.com Image
Westport’s Vespa Restaurant, 2A Post Road West in the National Hall Building, has not been open for business since mid-February, and there is no sign on the door. Its voicemail message says reservations are still being accepted, but calls to the number and building owner Greenfield Partners were not returned. The 120-seat Italian casual dining restaurant opened two years ago in the long vacant ground floor space. After the building converted to a 15-room luxury hotel in 1993, there were several restaurants on the ground floor, but they gave way to office space in 2005 before Vespa opened. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

   

02/24/17 02:11 PM Comments () • Permalink

Westport Property Transfers Feb. 6 - 10, 2017

Westport property transfers as reported by the Town Clerk’s office for the period Feb. 6 - 10, 2016:

27 Westfair Drive LLC to Maxwell C. and Annelise Fratella-Lentz, 27 Westfair Drive, $1,675,000WNproperty.jpg

14 Bauer Place LLC to Daniel G. Roberts and Maxine Bloom, 14 Bauer Place, $1,565,000

   

02/24/17 10:25 AM Comments () • Permalink

Wednesday, February 22, 2017

Comings & Goings: Design Within Reach Opens

WestportNow.com Image
After months of work, furniture retailer Design Within Reach opened its doors today at Westport’s 154 Post Road East. Area Manager Kristine Langevin (l) conferred in one area of the 9,000-square foot space on two floors with Rob Goughary, Westport proprietor. An opening party is planned for Thursday, April 13. The space, occupied since the 1930s by the U.S. Post Office, most recently housed the Post 154 Restaurant, which opened in August 2013 and closed in January 2016. (CLICK TO ENLARGE) WestportNow.com photo

   

02/22/17 06:20 PM Comments () • Permalink

Gallery: Design Within Reach Opens


Scenes from the new Design Within Reach store, which opened today at 154 Post Road East in the former longtime home of the U.S. Post Office. One of the store officials said as recently as Saturday someone entered the store with arms full of mail, asking what happened to the post office. The store includes a large patio area, which will open in the warm weather to display patio furniture. Design Within Reach, which formerly had a store on Elm Street, replaced the Post 154 Restaurant, which closed in January 2016. WestportNow.com photos

   

02/22/17 06:15 PM Comments () • Permalink

Tuesday, February 21, 2017

Real Estate Report: Acreage Size Matters

By Judy Szablak

Special to WestportNow

There are not many homes in Westport that include significant acreage. In fact, only 3 percent of homes have more than 2.5 acres of property.

WestportNow.com Image
Featured Home This home at 45 Beachside Ave. is listed at $9,490,000. (CLICK TO ENLARGE) Photo courtesy of Halstead Property Westport

Sixty-one percent of our homes are on less than one acre, and just about one-third of our single-family housing stock is on half-acre land parcels.

According to our tax records, only 257 single family homes out of approximately 8,200 households can claim at least 2.5 acres of property. Less than 9 percent of these homes are currently on the market, and while the prices are significantly higher than the median price in town, they are well worth it for the privacy.

The 23 properties that are available as of now have an average price of $4,963,319, and an average lot size of 4.05 acres.

More "Real Estate Report: Acreage Size Matters"

   

02/21/17 10:10 PM Comments () • Permalink

Westport Real Estate Price Changes

Westport real estate price changes over the past week:

23 Old Road           $685,000->$640,000
132 Regents Park     $739,000->$736,500
6 Fermily Lane         $793,000->$749,000
6 Berkeley Hill         $860,000->$840,000
3 Ivy Knoll             $1,178,000->$1,128,000
(increase) 37 Center St. $1,299,000->$1,410,000
93 Roseville Road     $1,529,000 ->$1,424,900
1 Canning Lane         $1,795,000->$1,695,000
25 Maple Ave. North   $2,225,000->$2,185,000
7 Northfield Drive     $2,300,000->$2,280,000
56 Maple Ave. North   $2,499,000->$2,395,000
7 Tranquility Lane     $2,750,000->$2,399,000
3 Hillside Road       $4,499,000->$4,199,000

—Judy Szablak

   

02/21/17 10:05 PM Comments () • Permalink

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