UPDATE and CORRECT (changes deadline for bids) There was a public open house today at the town-owned 1921-built Emily McLaury House, 99 Myrtle Ave. Darcy Sledge, a Realtor for Berkshire Hathaway Home Services, said there were four groups outside when the door opened at noon. The town has already received sealed bids for the house following broker open houses, and anyone may submit a bid until end of business day Monday. The town, which has owned the property since 1972 and renovated it in 2007, is selling the property to raise cash and reduce its costly maintenance real estate inventory. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
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Checking Out the Living Room
A visitor checks out the living room of the town-owned McLaury House, 99 Myrtle Ave., at today’s open house. The town, which has owned the property since 1972, is taking bids on it until end of business day Monday. See more photos below. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Touring McLaury House
A photo tour of the town-owned McLaury House, 99 Myrtle Ave. during an open house today. Dave Matlow for WestportNow.com
WestportNow Teardown of the Day: 29 Maple Ave. S.
An application for a permit to demolish the house at Westport’s 29 Maple Avenue South, off Post Road East, is in process. Built in 1940, the 1-1/4 story cape has 1,598-square feet and is situated on a .4-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
WestportNow Teardown of the Day: 1 Teragram Place
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An application for a permit to demolish the house at Westport’s 1 Teragram Place, off St. John Place, is in process. Built in 1949, the 1-3/4 story cape has 1,210-square feet and is situated on a .34-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
Westport Property Transfers July 13 – 17, 2015
Westport property transfers as reported by the Town Clerk’s office for the period July 13 - 17, 2015:
Christopher Cocco to Brooke L. Coniglio, 2 Keenes Road, $700,000
William C. Shope Jr. to Thomas L. and Jennifer C. Hassell, 68 Patrick Road, $900,000
Clorinda Fiorentino to Gregory W. MacCordy, 6 Lamplight Lane, $920,000
Jeffrey and Barbara Heil to John and Amanda Wilson, 3 Feather Hill Road, $2,325,000
WestportNow Teardown of the Day: 2 Placid Lake Lane
An application for a permit to demolish the house at Westport’s 2 Placid Lake Lane, off North Avenue, is in process. Built in 1956, the 1-1/4 story cape has 2,876-square feet and is situated on a 1.56-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
Now With a Patio
The exterior of Positano Ristorante, which has opened next to the Westport Country Playhouse in space most recently occupied by The Dressing Room Restaurant. The restaurant includes patio dining, something it did not have at its Old Mill Beach location. (CLICK TO ENLARGE) Helen Klisser During for WestportNow.com
Comings & Goings: Old Town Hall Gets New Restaurant
The basement of Westport’s Old Town Hall, 90 Post Road East next to Restoration Hardware, is getting a new restaurant tenant. A rathskeller-type bar and restaurant, Rothbard Ale + Larder, will open by mid-September, “before Oktoberfest,” according to co-owner Joe Farrell, He and head chef Adam Roytman also co-own Walrus + Carpenter, a barbecue restaurant in Bridgeport, which opened in 2013. Farrell, who grew up in Westport and now lives in Stratford, said the 65-seat space would feature German, Belgian and Austrian beers and wines and a full dining menu. Real estate developer and landlord Rob Haroun describes the eatery as having a “European beer garden” feeling. The space was formerly occupied by Tierra Restaurant, which opened in May 2014 and closed in March 2015 (see WestporttNow March 20, 2015). (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Real Estate Report: Inventory Absorption Rate Higher
By Judy Szablak
There appears to be a positive blip in the Westport real estate market over the last few weeks.
Featured Home: This home at 196 Hillspoint Road is listed at $2,199,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis- Westport.
Although next month is traditionally one of the slower months of the year due to planned vacations, and back to school preparations, there is indeed more than a hint of promise for August.
Over time, statistics tell a very important story. Over the last few weeks, the absorption rate on inventory coming on the market and properties going under deposit has been higher than it has been for at least a few months.
A single-family market snapshot for the current period of today (less 90 days) shows that we have 10.26 months of inventory. The prior six to nine month report shows 13.06 months of supply. That’s a significant drop.
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