Westport developer David Waldman said today that he and his team “are evaluating different options” in the wake of last week’s Planning and Zoning defeat of his proposed Riverwalk text amendment.

Relocating the house at Post Road West and Wilton Road is no longer part of developer David Waldman’s plan for the former Ssve the Children site. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

He also said that his plan to relocate the historic building at 1 Wilton Road to widen the problem Post Road intersection “is forever gone since we no longer control the project.”

“We no longer have an option on the house,” Waldman said, adding that he surrendered the option to the property’s owner after the P&Z’s 4 to 3 vote March 3. (See WestportNow March 3, 2016)

P&Z members Alan Hodge, Catherine Walsh, Carolanne Curry and Chairman Chip Stephens opposed the amendment.

By Judy Szablak

Westport’s changing real estate market has brought about heightened interest in areas that are exceeding sales activity levels in 2015.

Featured Home: This home at 8 Easton Road is listed at $1,349,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis/Westport

Judging by the deposits so far this year, the Greens Farms and Coleytown neighborhoods along with “in-town” locations have been trending as the places that buyers want to be. 

In fact, properties in various stages of deposits in just these three neighborhoods alone comprise almost 42 percent of all of the single family homes under deposit in the entire town.

While Greens Farms has traditionally been one of the more sought after neighborhoods in town, Coleytown has made its mark this year.

By Judy Szablak

Positive signs of the spring market have arrived in Westport, and deposits are edging upwards.

Featured HomeThis home at 10 Broadview Road is listed at $3,899,000. (CLICK TO ENLARGE) Photo courtesy of Westport Residential.

In fact, for the first time in months, initial deposits have just edged past and outnumbered pending sales.

Initial deposits, or what Realtors call “CTS” (Continue to Show status)  are homes that have gone under deposit in the last 45 days.  he CTS status is one of the indicators as to how things are moving along marketwise for the coming months. 

Pending sales are those that are waiting to close, where contracts have already been signed, the mortgage is near or at commitment, and the sale is waiting to close as per both parties agreement.