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Going Up: 79 Compo Mill Cove

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The house at 79 Compo Mill Cove is among the 23 Westport homes in the process of being structurally elevated following Storm Sandy—an effort partially subsidized by FEMA, according to Westport Fire Department officials. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Westport Property Transfers Mar. 4 – 8, 2013

Westport property transfers as reported by the Town Clerk’s office for the period March 4 - 8, 2013:

Sherwood Homes LLC to Matthew and Crystal Galati, 263 North Ave., $2,117,500WN property.jpg

Piekarski Investments LLC to Matthew, Ian and Rebecca Slocum, 5 Norport Drive, $2,625,000

Heidi Mitchell to Benjamin S. and Emily S. Fischer, 5E Gorham Ave., $1,360,000

Siew Hui Terence Oh and Mei Dee Lim to Andaleeb M. Hossain and Sara Melendez-Hossa, 2 Gilbert Lane, $1,025,000

Comings & Goings: Rive Bistro Opens Next Week

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Rive Bistro will open Wednesday at 299 Riverside Ave., the former site of the River House Tavern, according to co-owner Vivi Torres. River House closed in January after a 10-year run. (See WestportNow Jan. 12, 2013) Chef and co-owner Eric Sierra, a native of Biarritz, France, was associated with Westport’s Bistro des Amis from 1991 to 2001 and Il Palio, a Shelton restaurant featuring Mediterranean cuisine. He also was at Martel’s in Farfield. A news release said the new restaurant features a “menu that is French all the way –- sans pretense, with a hint of flavor from various French speaking territories. Chef Sierra has created a casual menu that instead focuses on the better ingredients, bigger flavors, and heartier dishes associated with French country cuisine, with a nod to more refined and classic preparations, without the higher price tag.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Comings & Goings: Coach Exits Main St. After 20 Years

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The Coach store, 155 Main St., with a retail presence in Westport for 20 years, will close at the end of April, according to store manager Nina Velez, The manager for the past four years, she said the store was previously located at 103 Main St., the current location of Kate Spade, the women’s clothing and accessories store. “We love our customers, we love our neighborhood,” Velez said. Coach closed its Greenwich store in 2009 and its Upper West Side store in Manhattan in January.  (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Real Estate Report: Supply Remains Tight

By Judy Szablak

The supply of homes for sale in Westport remains fairly tight. And that is not a bad thing—especially if you are selling.

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This home at 5 April Drive is listed at $1,198,500. (CLICK TO ENLARGE) Photo courtesy of Halstead Property/ Westport

If you were to look at the available inventory alone, what may initially appear as stagnant market would not be an appropriate analysis.

For all of the new listings that come on the market weekly, the deposits on new and existing inventory have nearly equaled that number. This is an active market and sometimes quite competitive.

Just as important for the market and to determine pricing trends—how many homes are taking deposits, how many properties are under pending status, and how many houses have recently sold, especially when those homes have similar features to your own home.

Going Up (and Coming Down): 80 Compo Mill Cove

WestportNow.com Image
The house at 80 Compo Mill Cove is among the 23 Westport homes in the process of being structurally elevated following Storm Sandy—an effort partially subsidized by FEMA.  According to Fire Department officials, the foundation of this house suffered structural damage during Super Storm Sandy. To facilitate replacement of the foundation, this home has been lifted exceptionally high to allow for installation of structural piles. Once installed, the structure will be lowered on the piles above the 100-year flood zone.  (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Going Down: Structure at Former Goodwill Site

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A structure at the rear of the location of Westport’s former Goodwill store at 1568 Post Road East has been demolished and the structure still standing is undergoing a complete renovation, according to a Westport Building Department official. He said a business serving as a children’s gym will occupy the facility at a yet undetermined date. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com