By Judy Szablak
Special to WestportNow
Westport buyers have proved this time and time again—they prefer newer homes with modern amenities.
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Featured Home: this home at 6 Keene Road is listed at $2,149,000. (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker Westport -RiversideOne-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.
Twenty homes are under some stage of deposit, and 89 have closed this year with an average price of $2,257,517.
Market Stats
There are now 332 homes that are actively on the market which have been listed for an average of 133 days, with a cumulative market time of 215 days. The average list price is now $2,164,019 and the median price is now at $1,599,000.
A home on Beachside Avenue 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.
Eleven new listings came on the market in the last seven days, and one property came back on the market after being under deposit, or temporarily withdrawn. Eleven properties had a price change.
Seven properties have gone under the initial deposit stage, which we call CTS or Show, and five 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 five pending properties was $1,445,600. There are currently 28 homes in CTS/Show status throughout Westport, and another 40 properties scheduled to close townwide, with an average price of $1,586,323.
Closings: There were 12 single-family homes reported as sold in the last week, and they were listed on average at $1,047,500 with an average market time of 104 days. There were 58 status changes in the last seven days.
Condos: There are 19 condominiums that are available, and they have been listed an average of 71 days, with an average cumulative market time of 132 days. Their average listing price is $611,465 and the median price is $569,000.
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 three new listings in the last seven days, and no properties came back on the market. No properties had a price change, and no homes took an initial deposit. One home entered into pending status.
There are no properties townwide that are currently in CTS/Show status, and one property is currently scheduled to close which is listed at $790,000.
One sale was reported during the last week, and was listed at $819,000. There were six status changes.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 89 homes or apartments available. The median price is $4,750 per month and the average price is $6,488 per month. These year round rental opportunities have been on the market an average of 71 days.
There are 53 short-term rental opportunities that are available, and they have been on the market an average of 107 days. Their average price is $11,329 and the median price is $8,375.
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 6 Keene Road is listed at $2,149,000.
This 13-room transitionally styled home on a premier Long Lots cul-de-sac was built by highly respected local builder Milton Development in 2012.
Four levels of wonderfully sunlit finished space comprise almost 6,500 square feet of versatile living area with custom millwork throughout.
The formal living room has a fireplace with marble surround.
The dining room has a coffered ceiling and French doors that lead outside.
The custom designer white kitchen with high end appliances and marble countertops has a matching nine foot center island that seats four comfortably. A separate bar area includes a built in wine-cooler, and a walk-in pantry offers additional storage.
Both the kitchen and breakfast area have matching tray ceilings, and the informal dining area is also open to the great room, which has a midcentury modern triple beam detail, floor-to-ceiling stacked stone fireplace, and French doors out to the 324-square foot blue stone patio and professionally landscaped level .41-acre fenced property.
The main level library has built in cabinetry and shelving, a divided tray ceiling, and a large bay window overlooking the private grounds.
There are five bedrooms upstairs, including a romantically inspired master suite with fireplace, tray ceiling and sitting room. Two dressing rooms include custom closet systems and lighting, and the luxurious marble bath has a frameless glass shower with bench, and a six foot jetted soaking tub.
The third floor has an additional bedroom and bath, and the lower level has another bedroom, full bath and recreation area plus walk-in cedar closet. Either would make a perfect teen suite, nanny or au pair quarters.
Extras and items to note — seven bedrooms, five full and one half baths, three fireplaces, audio system, security system, hydro-air heating and cooling system, 9-foot ceiling height on first and second floors, custom roller shades throughout, public water and sewer, Hunter irrigation system, whole house generator, room for pool.
Annual taxes are $22,801.
Listing/photo courtesy of Coldwell Banker Westport -Riverside.
(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.
