By Judy Szablak

When determining Westport home values, market time is important to take into account along with prior similar sales.

Featured Home: This home on at 2 Woodhill Road is listed at $2,195,000. (CLICK TO ENLARGE) Photo courtesy of Berkshire Hathaway NE Properties/Stamford

Our MLS determines market time in days. We also have a cumulative market time reference, which we include in our statistics.

The cumulative market time takes into account the actual days on market of any particular home that has been relisted either by the original broker or subsequent agent within 90 days of the expiration date of the original listing.

The cumulative days on market (CDOM) indicator is important, and it tells a different story on any home for sale, rather than just relying on standard market time.

Westport price changes over the past week:

68 Whitney Glen Drive               $349,000->$320,000
107 Valley Road                     $648,000->$624,800
6 Berkeley Hill                       $880,000->$860,000
244-244A Greens Farms Road     $1,200,000->$1,190,000
24 Evergreen Ave.                  $1,299,000 -> $1,199,000
27 Bonnie Brook Road             $1,349,000->$1,300,000
2 Fairview Drive                     $1,449,000->$1,429,000
21 Woody Lane                     $2,499,000->$2,325,000
15 Blue Ribbon Drive               $3,295,000->$3,195,000

—Judy Szablak

By Judy Szablak

We can expect new construction homes in Westport to include more “smart home” technology as practical usage becomes more commonplace sooner than expected.

Featured Home: This home at 18 Sturges Common is listed at $3,499,000. (CLICK TO ENLARGE) Photo courtesy of The Riverside Realty Group

Smart home technology is functional automation by voice, phone, computer or remote of integrated home components, such as heating, lighting, audio systems, security and more.

Just a few short years ago, new construction utilizing “green building practices,” as well as Energy Star-rated homes, and geothermal heating were not so common either. However, our marketplace is becoming more environmentally conscious.

Today, there are 24 homes available that include one or more of these green features, and 30 have sold within the last year at an average price of over $2.2 million.