Category: Real Estate - Page 260

Sunday, October 18, 2026

Real Estate Report: Low Inventory Can Impact Market

By Judy Szablak

Sellers have as much to do with the market as buyers. If there is not enough inventory for active buyers to choose from, it has the possibility to negatively impact the market.

This home at 12 Fernwood Road is listed at $1,349,900. (CLICK TO ENLARGE) Photo courtesy of William Raveis Westport

In the peak home selling season, there are anywhere from 350 to 400 or more properties available for sale at any given point. Right now we have less than 60 percent of that amount of homes for sale throughout Westport.

Although the lack of available inventory is normal in January, this year is somewhat different. It is evident that the buyers are already out, and may not have the opportunity or luxury to wait. Another incentive? Lack of competition makes it easier to sell a home.

The year is just beginning, and the traditional home buying season is not yet upon us, but properties are selling well and the market looks promising.

Sunday, January 15th, 2012

WestportNow Teardown of the Day: 10 Keenes Road

An application for a permit to demolish the house at Westport’s 10 Keenes Road, off Morningside Drive North, is in process. Built in 1955, the 1 1/2-story cape has 1,707 square feet and is situated on a .38-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

Saturday, January 14th, 2012

Comings and Goings: Asia Bistro to Saugatuck

Bistro 88 will open at Bridge Square, in the location previously occupied by Peter’s Bridge Market in about two months, according to an employee in a neighboring shop. The Asian cuisine and sushi restaurant is currently in the process of securing a liquor permit as noted on a prominent sign at the Square. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Friday, January 13th, 2012

WestportNow Teardown Update: 1 Red Coat Road

A demolition permit has been issued to the owners of 1 Red Coat Road, off Exit 41 of the Merritt Parkway. According to officials, the demolition will occur during next week. The colonial-style, 1900-home is located on a one-acre property and changed hands in March 2007 for $585,000. A demolition permit had been applied for more than four years ago when it was the WestportNow Teardown of the Day on Oct. 18, 2007. However, demolition was delayed, prompting many complaints from neighbors about its deteriorated condition. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Westport Property Transfers Dec. 26 – 30, 2011

Westport property transfers as reported by the Town Clerk’s office for the period Dec. 26 – 30, 2011:

Fletcher Z. Kosut to Akhmad Ikhsan Nasution, 2 Fairport Road, $507,000

Genevieve N. Stone Est. to Paul Regnier and Ana Hitri, 33 Whitney Glen, $335,000

Darlene R. Ill to Vivek Kumar and Ritu Johorey, 16 Oakwood Lane, $770,000

Wednesday, January 11th, 2012

Comings and Goings: Liquor Locker Relocating

By Dave Matlow

After almost 44 years on Westport’s Main Street, the Liquor Locker is moving to the Compo Shopping Center near Gold’s Deli.

Harvey Skolnick: moving after almost 44 years on Main Street. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

“I’m really excited,” said owner Harvey Skolnick. “It’s a new venture, this change after all these years. And the new location is not far from here so it’s basically the same for my clientele.”

The move from 68 Main St. for one of the few remaining privately owned retail stores on Main Street will come “in the spring,” Skolnick said.

“The rent for the same amount of space—about 1,100 square feet—will be about half of what I pay on Main Street,” he said.

Tuesday, January 10th, 2012

Real Estate Report: More Encouraging Statistics

By Judy Szablak

Our market is improving, according to the National Association of Home Builders (NAHB) and First American Financial Corp. which have just released January’s Improving Markets Index (IMI) .

This home at 57 Crescent Road is listed at $1,399,000. (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker Riverside/ Laurie Crouse & Associates

The Bridgeport metropolitan area (Fairfield County) is a newcomer to January’s improved market list.

The report shows that 76 markets around the country have improved, and markets that are on the upswing have nearly doubled since the December IMI report.

More encouraging news from this report is that the markets that have shown improvement are not concentrated in one area of the country, and only five metropolitan areas showed a decline.

Saturday, January 7th, 2012

Comings and Goings: Café Manolo Closing

The mediterranean restaurant Café Manolo, 8 Church Lane opposite the Westport Weston Family Y, closes Saturday after its final dinner is served, according to owner Pedro Garzon who opened the restaurant in June 2009. The 3,500 square feet space was formerly part of the Westport Bank & Trust Company. Then from 2006 to April 2009 it was occupied by the Zest restaurant following extensive renovation. Pictured are diners at the restaurant tonight. Said Garzon: “I’m uncertain about where I go from here.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Friday, January 6th, 2012

Comings and Goings: Brandman’s Paint Closes

After a 50-year presence in Westport, Brandman’s Paints and Decorating Center, 413 Post Road East in the Compo Shopping Center, has closed, according to owner Larry Curry. However, its decorator services will remain but under the ownership of Bridgeport-based Painter’s Supply which will open in the same location “in a few weeks,” according to a store manager, Matt Auchy. Curry said the Westport store was first at Sconset Square (then known as Sherwood Square) as The Paint Bucket starting in the 1960s and then relocated to the Compo Shopping Center in the 1990s. He said its Norwalk, New Canaan and Stamford stores will remain open. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Flashback: The Paint Bucket in Sherwood Square

Brandman’s Paint and Decorating Center, which has closed at the Compo Shopping Center, began its run in Westport in the 1960s as The Paint Bucket at what was then known as Sherwood Square, now called Sconset Square. (CLICK TO ENLARGE) Contributed photo