By Judy Szablak
Special to WestportNow
Roughly 39 percent of all the single family homes currently available for sale in Westport are specifically noted as being on a cul-de-sac.
Featured Home: This home at 5 Twin Bridge Acre Road is listed at $1,399,000. (CLICK TO ENLARGE) Photo courtesy of William Pitt Sotheby’s International Realty- Westport.
However, being on a cul-de-sac does not necessarily indicate that a home is on a private road.
According to the town’s website, there are 332 public roads and 460 private roads which make up 34.9 percent of the combined road length in miles.
According to our Multiple Listing Service, what is in fact apparent over the last year is that both the median listing price as well as the average sale price of homes on cul-de-sacs is approximately $300,000 higher than those that are not located on such streets.
Thirty eight homes on cul-de-sacs are under some stage of deposit, and the average closed price for the 169 sold properties over the last year is $1,631,089 with an average list to sales price ratio of .96335.
Fifty-eight single family homes that are not on cul-de-sacs are noted as being under some stage of deposit, and the average sale price for the 261 sold properties in the last year was $1,343,633 with a slightly lower list price to sales price ratio of 95.85 percent.
Market Stats
There are now 359 homes actively on the market that have been listed for an average of 119 days, with a cumulative market time of 195 days. The average list price is $2,084,145 and the median price is now at $1,599,000.
A home at 114 Beachside Ave. is the highest priced property for sale at $28 million, and the lowest available priced single family is a four-bedroom home on Saugatuck Avenue for $299,000.
Fifteen new listings came on the market in the last seven days, and four properties came back on the market after being under deposit, or temporarily withdrawn. Seventeen properties had a price change.
Seven properties have gone under the initial deposit stage, which we call CTS or Show, and another 11 properties went into pending status, which means that the conditions have been satisfied, and the property is scheduled to close.
The average price of those 11 pending properties was $1,841,545. There are currently 37 homes in CTS/Show status throughout Westport, and another 59 properties scheduled to close townwide, with an average price of $1,626,008.
Closings: There were 14 single-family homes reported as sold in the last week, and they were listed on average at $1,233,821 with an average market time of 73 days. There were 84 status changes in the last seven days.
Condos: There are 17 condominiums that are available, and they have been listed an average of 76 days, with a cumulative market ime of 109 days. Their average listing price is $600,696 and the median price is $498,999.
The highest priced condo in town is listed at $1,150,000 and is a three-bedroom home at Terra Nova Circle, and the lowest priced unit for sale is a two-bedroom home on Bridge Street for $234,933.
There was one new listing in the last seven days, and one property came back on the market. One property had a price change, and one home took a deposit. One home entered into pending status.
There is one property townwide that is currently in CTS/Show status, and two properties are currently scheduled to close which are listed on average at $674,000.
One sale was reported during the last week, and was listed at $299,000. There were eight status changes.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 80 homes or apartments available. The median price is $6,000 per month and the average price is $7,335 per month. These year-
round rental opportunities have been on the market an average of 55 days.
There are 61 short-term rental opportunities that are available, and they have been on the market an average of 87 days. Their average price is $14,053 and the median price is $11,000. Please note that seasonal rental prices are sometimes listed as an aggregate price for the season, or they can be listed as per the monthly rental cost.
Source — Market data is compiled from the SmartMLS and represents activity through our statewide MLS system. Private sales are not included in these statistics.
Featured Home
This home at 5 Twin Bridge Acre Road is listed at $1,399,000.
This sensationally chic colonial on a professionally landscaped acre is located on a cul-de-sac in the easily commutable and sought after Red Coat area.
A 2017 renovation and remodel has transformed this 4,252-square foot house into a light filled home with open space and a sophisticated transitional flair.
The generously sized living room has a nine foot ceiling, a fireplace with reclaimed wood mantel and floor to ceiling built-ins with display shelving above and closed storage below.
A stunning floating staircase separates the living room from the two-story dining room which has a fireplace with limestone hearth and surround and reclaimed wood trim. Sliders open to the 929-square foot brick patio that surrounds the pool.
The state-of-the-art custom designed chef’s kitchen has honed Carrara marble counters, a farm sink and top of the line stainless steel appliances. A spacious island includes a prep sink, built in microwave drawer, wine refrigerator and a breakfast bar. The large walk in pantry provides ample storage.
The family room has a uniquely designed vaulted “star” ceiling crafted in wood that matches built in cabinetry below. Double glass doors open to an expansive patio and exceptionally lovely grounds.
Upstairs, the master bedroom suite with vaulted ceiling occupies its own wing, and has sliders to a private balcony. The luxurious master bath with vaulted ceiling and skylight includes a deep soaking tub, rimless glass-enclosed steam shower and heated floors.
Four additional bedrooms are on this level; one can be easily used as an office. A new laundry room is conveniently located here as well.
The lower level is finished as a recreation room with fireplace and numerous closets. There are additional unfinished storage areas too.
Extras and items to note: five bedrooms, three full and two half baths, three fireplaces, wide plank French Oak flooring, all new lighting, hardware and doors, Self learning Nest system, audio system, 400 AMP electrical service, canine fencing, heated in-ground pool with cabana and fire pit.
Annual taxes are $14,252.
Listing/photo courtesy of William Pitt Sotheby’s International Realty- Westport.
(Editor’s Note: Judy Szablak of Coldwell Banker Westport — Riverside, Fairfield County CT Realtor since 1984 is author of “The Art of Buying or Selling a Home,” and featured on HGTV’s real estate show, “Desperate to Buy.” Email .(JavaScript must be enabled to view this email address) or visit her online at http://www.CThomesAndRealEstate.com.
