By Judy Szablak

Westport’s single family home market is continuing at a steady pace.
The house at 1 Stony Point West is on the market for $5 million. (CLICK TO ENLARGE) Photo courtesy of The Higgins Group

Although the average sales price may seem to have dipped nearly $200,000 in the last week, remember that more than one-third of the homes available in town are listed within the $1-2 million range, and these sales are well within that range.

A change from one week to the next that might appear drastic upon first glance, is not necessarily so when you look at the big picture. The real estate market is gauged by snapshots in time, and the only true way to gauge the market is to gauge those “snapshots” as they relate to each other.

On the whole, we have a great market, with excellent opportunities for both buyers, as well as sellers.

Natalie and Harry Maynard are honoring Westport’s heritage by displaying a Westport Historical Society plaque identifying their 1929-built home at 14 Charcoal Hill Road as being designed by architect Frazier Peters. Peters and Albert Violet purchased 15.4 acres of land from William Meade Williams in 1927 and subdivided the land into building lots. This lot was purchased in 1929 by Porter Emerson Browne, a writer and playwright, who had the house built. In 1947, George and Helen Hook purchased the property from Louis Dublin, and Natalie Hook Maynard inherited her parents’ property in 1977. The Maynards kept the property because they fell in love with the house, the setting and landscaping. To them each room had a unique charm and the windows have great vistas with the living environment never boring inside or outside. Peters designed his houses on sites which he believed to be attractive and which would stand the test of time environmentally. (CLICK TO ENLARGE) Bob Weingarten for WestportNow.com

UPDATE Cushman & Wakefield broker Skip Lane puts up a “sold” sign today outside Westport’s Main Post Office following what he said was Wednesday’s $2.35 million transfer of ownership to a real estate group represented by an attorney with a New York office and a summer home in Westport. Franco Fellah of HK Group, who procured the winning bidder for the property, said the buyer was 52nd Street Assets Partners VI, LLC who, sources said, was represented by Robin Panovka, partner and co-head of the real estate and REIT M&A groups at Wachtell, Lipton, Rosen & Katz. The Town Clerk’s office said a property transfer was recorded today and it listed an Atlanta, Ga. address for the purchasing entity and A. Panovka as the general manager. Lane said the Post Office will relocate to Playhouse Square “in a few months.” He said the new owners will seek a retailer or restaurant as a tenant. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com