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Real Estate Report: ‘Attractive’ Has Different Meanings

By Judy Szablak

Special to WestportNow

It’s safe to say that most people know that an attractive home in Westport will sell quicker than one that does not have that adjective attached to it.

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Featured Home: This home on 11 Caccamo Trail is listed at $1,599,000. (CLICK TO ENLARGE) Photo courtesy of Higgins Group Bedford Square

However, the term is broad and carries different meanings, and just to clarify, an “attractive” home in the marketplace also refers to its condition, functionality, immediate area and price, besides its curb appeal.

A home’s overall condition suggests that the major components are in good working order, and it has been maintained properly.

Its functionality refers to the ability of the home’s design to fit with, or easily adapt to ones needs, and have resale ability when that time comes.

An attractive neighborhood also has various meanings. To some, it has to do with accessibility, particular school district, yet others consider that to include the aesthetics of surrounding homes.

The pricing of any home plays an important part in its “attractive score”

For example, a beautiful home inside and out that is priced too aggressively for the market will not sell, and would still be unattractive in the marketplace.

If one or more areas of the “attractive score” is weak, the others must make up for it in order to effect a timely sale.

Market Stats

There are now 340 homes that are actively on the market which have been listed for an average of 128 days, with a cumulative market time of 211 days. The average list price is now $2,153,461 and the median price remains at $1,612,500.

A home at 114 Beachside Ave. is the highest priced property for sale at $22.5 million, and the lowest available priced single-family is a four-bedroom home on Saugatuck Avenue for $299,000.

Thirteen new listings came on the market in the last seven days, and no properties came back on the market after being under deposit, or temporarily withdrawn. Fifteen properties had a price change.

Thirteen properties have gone under the initial deposit stage, which we call CTS or Show, and nine 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 nine pending properties was $1,530,111. There are currently 27 homes in CTS/Show status throughout Westport, and another 62 properties scheduled to close townwide, with an average price of $1,589,982.

Closings: There were eight single family homes reported as sold in the last week, and they were listed on average at $1,191,875 with an average market time of just 80 days. There were 73 status changes in the last seven days.

Condos: There are 18 condominiums that are available, and they have been listed an average of 94 days, with an average cumulative market time of 125 days. Their average listing price is $608,991 and the median price is $542,000.

The highest priced condo in town is listed at $1,125,000 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 were two new listings in the last seven days, and no properties came back on the market. Four properties had a price change, and one home took an initial deposit. No homes entered into pending status.

There is one property townwide that is currently in CTS/Show status, and one property is currently scheduled to close which is listed at $819,000.

No sales were reported during the last week. There were 10 status changes.

Rentals: If you are interested in renting year-round, either furnished or unfurnished, there are 85 homes or apartments available. The median price is $4,975 per month and the average price is $6,733 per month. These year-round rental opportunities have been on the market an average of 64 days.

There are 53 short-term rental opportunities that are available, and they have been on the market an average of 101 days. Their average price is $12,526 and the median price is $9,950.

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 on 11 Caccamo Trail is listed at $1,599,000.

This exceptionally charming five-bedroom vintage colonial on a neighborhood cul-de-sac is less than three quarters of a mile to downtown.

Built in 1929, this attractive home is modern on the inside, yet retains its original character. The stunning stone exterior and slate roof is only the beginning of the charm that is evident throughout this 4,403-square foot home, which has many period details including plenty of built-ins, and arched doorways.

Wonderfully flowing living space and generous room sizes begin with the living room that includes the original brick fireplace, and this area is also open to the family room.

The banquet sized dining room has another fireplace.

A charming and vintage inspired gourmet kitchen with stainless steel appliances has a farmers sink, rich wood counters and a contrasting center island that easily seats two or three. French doors lead to the 372-square foot deck with arbor and to the one-acre lawn with stone walls.

The main level office has cathedral ceilings and a single wall dedicated to floor to ceiling built-ins and shelving.

Upstairs, the master bedroom suite with beamed ceiling has a private balcony, two walk in closets and elegant round top French doors to the bath with dual vanities, free standing tub and separate shower.

Four additional bedrooms are on this level and one is en suite.

The walk out lower level includes a large playroom, and exercise room.

Extras and items to note — five bedrooms, three and one half baths, two fireplaces, security system, walk out lower level, room for pool

Annual taxes are $19,899.

Listing/photo courtesy of Higgins Group Bedford Square.


Judy Szablak
(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.

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