Category: Real Estate - Page 131

Sunday, October 18, 2026

Aging Connecticut Ups Demand for Rental Housing

By Mark Pazniokas

www.ctmirror.org

An annual assessment of housing affordability in Connecticut finds market forces blunting the impact of the more than 7,000 affordable apartments developed with state aid during Gov. Dannel P. Malloy’s 4½ years in office.

A desire by aging Baby Boomers to downsize contributes to a soft market for single-family homes and increased demand for rental apartments, according to HousingInCT 2015, a study published today by the Partnership for Strong Communities.

“Right now, the market is being driven by demographics – all these boomers wanting smaller, denser, more affordable, walkable neighborhoods,” said David Fink, the group’s policy director. “Their kids, the millenniala, have a lot of education debt and a lifestyle that doesn’t connect with a four-bedroom Colonial on a two-acre lot.”

Overall, despite steady progress in reducing chronic homelessness and developing rental housing, Connecticut remains one of the nation’s most expensive places to live, ranking 6th in median monthly housing costs.

Click here for more of story

Tuesday, December 1st, 2015

Real Estate Report: Condo Market Shining

By Judy Szablak

Westport’s condominium market is shining brightly, with only five units available for sale, and a total of six under some stage of deposit.

Featured Home This condominium at 6 Terra Nova Circle is listed at $1,238,000.Type your caption here. (CLICK TO ENLARGE) Photo courtesy of William Raveis Real Estate-Westport

When deposit ratios are so high, the market favors sellers, and supply and demand is certainly evident in this segment of the market. Inventory is approximately 25 percent of what it was at its high earlier in 2015.

There are just not that many condominium communities in town, which also contributes to the brisk activity.

According to Assessor Paul Friia, there are just 16 complexes in town, and another two that are are comprised of commercial and residential use.

Comings & Goings: Rio Bravo to Post Road East

Rio Bravo, a Mexican restaurant, has opened at 1460 Post Road East, next door to Bravo, an italian restaurant. The establishments are unaffiliated—different owners, no business relationship according to management of each restaurant. Bravo which opened in 2014 is owned by Michael Sias of Stratford. Rio Bravo is owned by Edgar Brambila. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Monday, November 30th, 2015

Comings & Goings: New Management For Westport Wine

Westport Wine & Spirits, 877 Post Road East, opposite the Sherwood Island Connector, has reopened under new management The new owner is Zak Ginzburg, a Westport resident for the past three years. He also operates Cost Less Wines and Liquor on High Ridge Road in Stamford since 2000. He said in addition to wine, liquor and beer, the Westport store also offers a gourmet cheese selection. The store opened in April 2014 under former owner Paul Sherman. (See WestportNow April 28, 2014) (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Marking 25 Years

The A&J Farm Stand, a Post Road East icon at 1680 near Stop & Shop, celebrates its 25th year at that location, according to owner Albert Cuseo, a lifelong Westport residents and 1987 graduate of Staples High School. He said the stand opened as a seasonal business in 1990, selling locally grown produce in the warm months and in the winter holiday season offering Christmas trees, wreaths poinsettias and other festive holiday items. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Westport Property Transfers Nov. 9 – 13, 2015

Westport property transfers as reported by the Town Clerk’s office for the period Nov. 9 - 13, 2015:

Jere L. and Robert A. Moskovitz to Simon C. Moody, 7 Valley Road, $800,000

Frank J. Nistico III and Virgina Nistico to 290 Wilton Road LLC, 290-292 Wilton Road, $2,800,000

Lucille O. Christian to SIR-16 Ridge LLC, 16 Ridge Drive, $602,000

Antonette M. Doddo Revocable Living Trust to Marijus and Irena Sarapinas, 20 Sunrise Road, $530,000

WestportNow Teardown of the Day: 1 Oak Ridge Park

An application for a permit to demolish the house at Westport’s 1 Oak Ridge Park off Imperial Avenue is in process. Built in 1950, the 1-1/4 story cape has 1,245-square feet, is situated on a .34-acre property and, according to town assessor records, last changed ownership in July 2006 for $662,500. 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

Saturday, November 28th, 2015

Comings & Goings: Shoe-Inn to Move Across Main St.

Shoe-Inn, the women’s designer shoe store for four decades at 38 Main St., will move across the street to 21 Main St. in space formerly occupied by Henry Lehr. The space has been vacant since September 2014. According to the store manager, Shoe-Inn will open across the street in February. It has seven other stores located in New Jersey, Westchester County, New York City, and Long Island. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Comings & Goings: Matt Bernson to Brooks Corner

Tribeca-based Matt Bernson, specializing in shoes, handbags, jewelry and small leather goods, will open at 136 Main St.in the Brooks Corner shopping center in space previously occupied by the Johnston & Murphy shoe and accessories store. According to its website, “our shoes are produced in quantities of 100 per color. all of our jewelry is handmade in NYC and our handbags are all produced in quantities of 30 per color.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com