Category: Real Estate - Page 238

Sunday, October 18, 2026

Connecticut Home Sale Price Declines Lead Nation

By Keith M. Phaneuf

www.ctmirror.org

Connecticut is leading the nation in declining home prices, one of just eight states to lose ground in the second quarter of this year, according to a new federal report.

And Fairfield County took a particularly strong hit, with prices down more than 8 percent from 2011, according to new numbers released by the Connecticut Association of Realtors.

While median prices for single-family homes rose nationally by 3 percent during the second quarter—compared with the same period in 2011—in Connecticut they fell by 4.7 percent, according to the latest House
Price Index prepared by the Federal Housing Finance Agency.

Condominium sales prices here dropped by 7.7 percent in the second quarter.

Click here for more of story

Comings & Goings: Farrow & Ball to Post Road East

Farrow & Ball, the British manufacturer of traditional paint and wallpaper, will open a showroom on Sept. 4 at 396 Post Road East in the Compo Acres Shopping Center. The 1,250-square feet facility, located between Robek Juice and Compo Farm, was previously occupied by T-Mobile. According to the company’s website, it has showrooms throughout the United Kingdom and Europe as well as nine U.S. locations, the nearest at 32 East Putnam Ave., Greenwich. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Monday, August 27th, 2012

WestportNow Teardown of the Day: 2 Buena Vista Drive

An application for a permit to demolish the house at Westport’s 2 Buena Vista Drive, in the Compo Mill Cove area, is in process. Built in 1954, the two-story contemporary has 2,019 square feet and is situated on a .3-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

Sunday, August 26th, 2012

Taking Shape

Phase 2 of the Saugatuck Center development is beginning to take shape along Westport’s Riverside Avenue. (CLICK TO ENLARGE) Bob Eckman for WestportNow.com

Saturday, August 25th, 2012

WestportNow Teardown of the Day: 147 Compo Road S.

An application for a permit to demolish the house at Westport’s 147 Compo Road South is in process. Built in 1934, the 1 1/2-story cape has 1,393 square feet and is situated on a ,44-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

Friday, August 24th, 2012

Comings & Goings: Jonathan Adler to Main St.

Designer Jonathan Adler will open at 166 Main St. in space formerly occupied by Achorn’s Phrmacy, which has moved to Playhouse Square. Adler has 20 stores throughout the country and one in London. This will be his second store in Connecticut, the first Greenwich. HK Group and The Dartmouth Company were co-brokers for the 2,162–square foot retail space. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Going Down: 15 Turkey Hill Road South (2)

A cottage at Westport’s 15 Turkey Hill Road South was demolished today. Built in circa 1900, the one-story cottage was situated on a two-acre property that had been previously approved for subdivision. The main house, built in 1940, on the property was demolished in March (see WestportNow, March 13, 2012). Ownership of the property changed hands in November 2011 for $2,050,000. Replacement construction of the former main house is underway. The cottage was the WestportNow Teardown of the Day on Aug. 20, 2012. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Westport Property Transfers Aug. 6 – 10, 2012

Westport property transfers as reported by the Town Clerk’s office for the period Aug. 6-10, 2012:

Porter Unitrust to Northrop Family Trust, Compo Mill Cove, $20,000 WN property.jpg

Carla D. Strobel to Robbi Lyn and Michael David Fleisher, 29 Blue Ribbon Drive, $1,025,000

Svein and Christin L. Engh to Matthew Manning and Shannon Briggs, 16 Adams Farms Road, $2,335,000

Neil O. Rice and Carol A Lasseter-Rice Trs. to Lisa A. Fedorchak, 5 Manitou Road, $2,525,000

WestportNow Teardown of the Day; 66 Old Hill Road

An application for a permit to demolish the house at Westport’s 66 Old Hill Road is in process. Built in 1983, the two-story contemporary has 2,738 square feet, is situated on a 1.12-acre property and changed ownership last month for $1.4 million. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Real Estate Report: Rising Mortgage Rates a Concern

By Judy Szablak

Fixed mortgage rates have risen for the third straight week after setting all-time lows, according to Freddie Mac.

This home at 7 Crooked Mile is listed at $1,599,000. (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker Westport

The typical 30-year rate has increased from 3.59 percent to 3.62 percent, and the average for the 15-year fixed loan is now at 2.88 percent, which is up from 2.84 percent from the prior week.

While rates are still low, the fact that they have edged up over the past few weeks is of concern to a still wavering real estate market.

If the recent trend in rates continues, it will inevitably have a negative effect on home sales for our recovering market.

Connecticut Home Sale Price Declines Lead Nation

Comings & Goings: Farrow & Ball to Post Road East

WestportNow Teardown of the Day: 2 Buena Vista Drive

Taking Shape

WestportNow Teardown of the Day: 147 Compo Road S.

Comings & Goings: Jonathan Adler to Main St.

Going Down: 15 Turkey Hill Road South (2)

Westport Property Transfers Aug. 6 – 10, 2012

WestportNow Teardown of the Day; 66 Old Hill Road

Real Estate Report: Rising Mortgage Rates a Concern

Property Transfers

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