By Judy Szablak
The Hunt Club area of Westport is the healthiest area market-wise in the entire town, followed by the Old Hill and Greens Farms neighborhoods.
Featured Home This home at 1 Ulbrick Lane is listed at $1,425,000. (CLICK TO ENLARGE)
Photo courtesy of William Pitt Sotheby’s/WestportThe top three performing areas in town comprise just over 27 percent of the current single family inventory, and accounted for 36 percent of all the homes sold within the last year that were reported to the Greater Fairfield County Multiple Listing Service.
Currently, there are just 28 homes available for sale in the Hunt Club area including seven newly built homes, and 49 homes sold in the last year at an average price of $1,585,757. The average sale price to list price ratio was 97.1 percent over this period. These facts combined make it the strongest (and healthiest) market in town.
There are 25 homes available in Old Hill, and 36 homes sold in the last 12 months at an average price of $1,464,831. Currently, there are six newly built homes available that bring up the average list price of homes on the market in this area to $2,299,455. The average sale price to list price ratio was 94 percent.