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Real Estate Report: Buyers Prefer Newer Homes

By Judy Szablak

Special to WestportNow

Westport buyers have proved this time and time again—they prefer newer homes with modern amenities.

WestportNow.com ImageFeatured Home: this home at 6 Keene Road is listed at $2,149,000. (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker Westport -Riverside

One-third of all single-family home sales this year were built in 2000 or later, and it continues to be the most sought after vicennial (every 20 years) range in town.

Forty percent of our current inventory for sale was built after 2000, with the highest priced home being listed at $14 million at 5 Hedley Farms Road, and the lowest available home at 20 Bauer Place, which is listed at $1,670,000. The average list price is $2,987,220.

Out of the 134 homes currently on the market that fit into this category, there are only two homes that are priced under $1 million, and 42 are listed above $3 million. Three are available over $10 million.

Westport Real Estate Price Changes

Westport real estate price changes over the past week:

16 Roseville Road           $619,000->$599,000
47 Sniffen Road             $749,000->$725,000
6 Silent Grove               $865,000->$815,000
1 Daybreak Lane             $859,000->$829,000
4 Christmas Lake Lane     $948,000->$929,900
35 Greenlea Lane       $1,289,000->$1,249,000
38 Tamarac Road       $1,325,000->$1,299,000
41 Oak Street           $1,499,000->$1,425,000
7 Woody Lane           $1,767,000->$1,692,000
13 Covlee Drive         $2,400,000->$2,195,000
113 Newtown Turnpike   $2,699,500->$2,599,000

—Judy Szablak

WestportNow Teardown of the Day: 9 Fresenius Road

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An application for a permit to demolish the house at Westport’s 9 Fresenius Road, off Long Lots Road, is in process. Built in 1952, the one-story ranch has 1,832-square feet, is situated on a 1.16-acre property and, according to assessor records, last changed ownership in July 2003 for $710,000. 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

WestportNow Teardown of the Day: 49 High Point Road

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An application for a permit to demolish the house at Westport’s 49 High Point Road, off Long Lots Road, is in process. Built in 1957, the 1-1/2-story cape has 2,560-square feet, is situated on a one-acre property and changed ownership last month for $800,000. 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

Westport Property Transfers July 23-27, 2018

Westport property transfers as reported by the Town Clerk’s office for the period July 23 - July 27, 2018:

Gregory M. Slowik and Maria J. Tormas to Galia Chimon Clemens, 35 Tamarac Road, $1,549,000Westport Property Transfers

Stuart W. and Ilsa A. Hazelwood to Steven A. Simonte, 8 Yankee Hill Road, $2,600,000

Otkaku LLC to Roman and Stephanie Kogan Trusts, 18 Blue Ribbon Drive, $2,700,000

Real Estate Report: School Districts Influence Sales

By Judy Szablak

Special to WestportNow

Many buyers looking for a home in Westport seek out specific elementary schools, and a few districts are more active than others.

WestportNow.com Image
Featured Home: This home at 3 Forest Drive is listed at $2,145,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis/ Jeanette Dryburgh & Associates.

Both Greens Farms and Long Lots Elementary Schools have 69 homes available within their respective districts.

However Long Lots has seen 24.4 percent of townwide sales in the last year, while Greens Farms has seen 19 percent.

Interestingly enough, the Saugatuck district currently has highest percentage of homes under some stage of deposit, with 39 single family homes available at an average price of $1,568,785, and an additional 20 properties that under some stage of deposit.

Westport Real Estate Price Changes

Westport real estate price changes over the past week:

6 Berkeley Hill               $582,400->$545,000
24 Mills Street               $609,000->$599,000
7 Carlisle Court               $699,000->$669,000
491 Main Street             $725,000->$699,900
6 Vineyard Lane             $750,000->$725,000
40 Cranbury Road           $985,000->$955,000
15 Coleytown Road       $1,119,900->$1,064,000
28 High Point Road       $1,170,000->$1,129,000
1 Imperial Landing       $1,295,000->$1,150,000
26 Gault Park Drive       $1,549,000->$1,449,000
5 Ridgewood Lane       $1,599,000->$1,588,000
11 Caccamo Trail         $1,675,000->$1,599,000
3 Pleasant Valley Lane   $2,489,000->$2,299,000
7 Pond Edge Road       $2,699,000->$2,399,000
15 Duck Pond Road     $4,800,000->$4,100,000
17 Bluewater Hill         $4,995,000->$4,599,000
6 Bluewater Lane       $13,195,000->$11,950,000

—Judy Szablak

Gallery: 1177 Post Road East Almost Ready for Occupancy


A look at the newly constructed housing project at 1177 Post Road East, which will be ready for occupancy by the end of September, according to Fairfield-based developer Arthur Hersh, co-owner with Phil Craft and Steve Lawrence. The 94-unit residential facility is comprised of 38 one-bedroom and 56 studio apartments, 29 of them meeting 8-30g affordable guidelines. Market rate prices range from a studio for $1,865 – $2,770, and one-bedroom for $2,675 – $2,970. The green roof is designed to absorb rainwater, which reduces the runoff onto the surrounding area. Dave Matlow for WestportNow.com

Kowalsky HQ Moving Next Month to Become Assisted Living Facility

Kowalsky Brothers Construction will pull up stakes on it 48-year headquarters on Post Road East to make way for Westport’s first assisted living facility to be built in more than half a century.

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An architect’s rendering of the planned assisted living facility at 1141 Post Road East. (CLICK TO ENLARGE) Contributed graphic

Jay Kowalsky, co-owner of the company, said it will be moving from 1141 Post Road East in about 30 days to Honeyspot Road in Stratford near Exit 30 off I-95.

At the 5.4-acre 1141 Post Road East parcel, Boston-based LCB Senior Living plans to construct a 97,194-square-foot, three-story building with a total of 96 rooms.

The project won unanimous approval from the Planning and Zoning Commission (P&Z) at its May 3 meeting.

WestportNow Teardown of the Day: 280 Compo Road South

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An application for a permit to demolish the house at Westport’s 280 Compo Road South in the Compo Beach area is in process. Built in 1964, the one-story raised ranch has 1,624-square feet, is situated on a .52-acre property and, according to assessor records, changed ownership last in July 2004 for $1,075,000. 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