By Judy Szablak

True to most markets, there are “price pockets” that seem to outperform the rest of the town, and Westport has a few of them.
A new listing for just under $5 million is at 10 Bluewater Hill South. It was designed to look and feel like a European estate. (CLICK TO ENLARGE) Photo courtesy The Riverside Realty Group

Homes currently range in price from $239,900 to $24,950,000, but there are only a few ranges enjoying the most activity—and activity can mean new listings, homes going under deposit, price reductions within the range, and sales.

The most active price range in town is between $1 million and $2 million, and these properties represent over one-third of all the homes available, with a special note that homes priced under $1 million received a lot more competition in the last week or so than they have had recently.

Interestingly enough, the sale “pockets” that are best right now are between $1-1.5 million and $2-2.5 million.

A retired Westport ophthalmologist has sold her renovated 1938 Palm Beach, Fla. home designed by a society architect overlooking the Intracoastal Waterway for $8.6 million, the Palm Beach Daily News said today.
The home, purchased in 1997 for $2.7 million, underwent extensive renovation. (CLICK TO ENLARGE) Photo courtesy of Lawrence A. Moens Associates

It said the sale was by Dr. Judith Doctor, who spent her career in Westport as an ophthalmologist, as did her husband, Dr. Daniel W. Doctor, who died in 2007. The five-bedroom home at 3 Pelican Lane underwent extensive renovation after it was purchased in 1997 for $2.7 million.

The newspaper said a warranty deed filed with the Palm Beach County Clerk’s office showed that Dana E. Landry bought the house with William F.X. Moody.

Landry is a founding partner of Washington Fine Properties in Washington, D.C., and has been the real estate agency’s principal broker since 2000, according to the company’s website, the newspaper said.

Another Westport landmark is about to disappear. The Peppermill Restaurant, 1700 Post Road East, which was sold for $3 million to Goodwill Industries in January, will be demolished next week. The family-style restaurant known for its candy cane wallpaper, cavernous dining rooms and reasonably priced sirloins, closed its doors in 2007 after almost 40 years on the site which was a Greyhound bus station in the 1940s. (CLICK TO ENLARGE) Bob Eckman for WestportNow.com

By Judy Szablak

The Westport real estate market is an active one and performing more steadily than many of its neighbors.
This house at 32 Edgewater Hillside capitalizes on its spectacular natural setting overlooking the Sherwood Mill Pond. It is listed for just under $2.9 million. (CLICK TO ENLARGE) Photo courtesy of The Higgins Group

The number of closings last week is right on par with the week before, and since traditionally there are more closings at the end of the month, I would consider the last seven days a great week for Westport real estate.

Homes: The median list price for a single family home in Westport is $1,262,450. As of this morning, there are 353 homes actively on the market for 98 days and are listed at an average of $2,134,490. 

Three new listings came on the market this week, and two homes came back on the market after being under deposit. There were 12 properties that had a price change.