Westport property transfers as reported by the Town Clerk’s office for the period Dec. 19 - 23, 2011:
M. Williamson and Phyllis Krasilovsky to Michael and Amy Greenberg, 22 Wakeman Place, $1,100,000
Gordon McPhaden to Ernest and Jodi Perno, 105 Hillandale Road, $1,400,000
SIR-12 Dover LLC to John D. and Shannon T. Diercksen, 12 Dover Road, $1,765,000
Signorello of Westport, the modern home furniture and accessories shop at 11 Wilton Road near Post Road West since 1990, has closed, according to a staff member of a neighboring antique shop. She said that Signorello, owned by Westporter Pina Signorello Manzone, closed before Christmas. According to the store’s website, the owner’s goal “was to create a high profile showroom for contemporary furniture and a forum for architects, designers, and collectors.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Westport property transfers as reported by the Town Clerk’s office for the period Dec. 12 - 16, 2011:
Nicola J. and Matthew D. Spoors to Promisor Relocation, 211 Wilton Road, $433,038
Promisor Relocation to Lance Forrest Dadorf, 211 Wilton Road, $433,038
Alton Meister Family Trust to Harriet J. and Lazaros C. Vandis, 131 Lansdowne, $570,000
Roger S. Penske to Mark H. Penske, 15 Duck Pond Road, $6,060,733
The house at at Westport’s 51 Gorham Ave. was demolished today. Built in 1950, the two-story colonial had 1,860 square feet was situated on a .39-acre property and changed ownership in October 2011 at $775,000. It was the WestportNow Teardown of the Day on Nov. 29, 2011. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
An application for a permit to demolish the house at Westport’s 5 Ledgemoor Lane, off Whitney Street, is in process. Built in 1954, the two-story split level has 2,480 square feet and is situated on a 1.18-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
An application for a permit to demolish the house at Westport’s 37 Narrow Rocks Road, at the intersection of Compo Road South, is in process. Built in 1962, the one-story split level has 1,553 square feet and is situated on a one-acre property. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
By Judy Szablak
The year ahead looks quite promising. Historically, presidential elections have brought about increased real estate activity.
Coupled with low interest rates and increasing consumer confidence, I expect that 2012 will far surpass 2011’s sales in volume, although it does not appear that any major price adjustments are likely any time soon.
Anticipate a few minor “bumps” to contend with come spring and early summer. That’s when we expect to begin to see Westport’s “shadow inventory” coming on to the market and competing with owners wishing to sell their homes.
The same segments of the market that fared better than others this past year will most likely continue to outperform their much larger and pricier counterparts in the year ahead.
By James Lomuscio
Geiger’s Garden Center will remain in Westport, abandoning plans announced last July to sell the 2.5-acre Post Road East property to a prospective buyer for residential and commercial use.
Geiger’s Garden Center at 1135 Post Road East abandoned plans to become a mixed use commercial and residential development. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
The reasons John Geiger gave Monday for the 57-year-old business staying put are pleas from customers plus the fact sales doubled in 2011.
He did not mention a number of negative reactions to the preliminary plans, including from a now-elected member of the Planning and Zoning Commission.
“Believe it or not, but we doubled our sales this year, and that’s pretty remarkable in this economy,” said Geiger, whose father Frank Geiger started and heads the business at 1135 Post Road East.
The return of the popular Westport food establishment, Art’s Deli, that closed in 1990 following the passing of Arthur Falcone “hopefullY” will occur next weekend at 13 Post Road West, according to its new owner, Rich Falcone, Arthur’s son. Falcone, 55, a Fairfield resident said the deli will open seven days a week, from 8 a.m. to 6 p.m. Monday through Saturday and until 2 p.m. on Sundays. Falcone—pictured with father-in-law Mike Veno, 86, of Norwalk, said his wife Carol is a Spanish teacher at West Rock School in Norwalk for the past 33 years. They have two sons, Richard, Jr, 25, and Christopher, 22. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
By Judy Szablak
The latest S&P Case Shiller report shows that while prices are up since their low in March of this year, prices in general for the 20 Metropolitan Statistical Areas (MSAs) are at 2003 levels.
The shocking national indices show prices are down an average of 32.1 percent since their mid-2006 peak.
Although consumer confidence is at its highest level since April, home prices have registered a 3.4 percent decline for the year as of October.
The New York area MSA once again fared better than the majority of cities indexed, showing only a minus 2.0 annual change from last year.
Enter your email address to get WestportNow.com delivered to your inbox:
Powered by FeedBlitz
Support a classroom.
Build a future.
Suggest a Westport-area blog by sending email to: editor@westportnow.com
