By Judy Szablak
Special to WestportNow
Homebuyers still demand value in Westport, and some neighborhood prices are more appealing than others.
Featured Home This home at 18 Danbury Ave. in the Compo Beach area is listed at $2,895,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis-Westport
Market price is extremely important, and currently the Coleytown and Long Lots areas are enjoying a positive perception of value in the minds of buyers.
Both areas comprise one-third of all of the initial deposit activity within the last month.
That does not necessarily mean that other areas in town are not doing well. There are many factors to consider, including size, price range, home amenities, and location.
What these statistics indicate is that homes in these two neighborhoods are priced well for the market, and for what they have to offer.
Value must be obvious and present. Even as the additional spring season activity has peaked, buyers are still in the market to purchase.
Market Stats
There are now 379 homes that are actively on the market, and these currently available properties have been listed for an average of 123 days, with a cumulative market time of 206 days. The average list price is now $2,159,100 and the median price is $1,695,000.
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 $339,000.
Twenty-three new listings came on the market in the last seven days, and three properties came back on the market after being under deposit, or temporarily withdrawn. Thirty-two properties had a price change.
Eleven properties have gone under the initial deposit stage, which we call CTS, 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 $1,286,273. There are currently 33 homes in CTS status throughout Westport, and another 62 properties scheduled to close townwide, with an average price of $1,570,988.
Closings: There were eight single family homes reported as sold in the last week, and they were listed on average at $1,362,250 with an average market time of 126 days. There were 98 status changes in the last seven days.
Condos: There are 10 condominiums that are available, and they have been listed an average of 91 days. Their average listing price is $770,380 and the median price is $758,000.
The highest priced condo in town is listed at $1,195,000 and is a two-bedroom home located at Terra Nova Circle, and the lowest priced unit for sale is a three-bedroom home on Whitney Glen for $450,000.
There was one new listing this week, and no homes came back on the market. There were two price changes, and no property went under the initial stage of deposit.
There are two properties townwide that are currently in CTS status, and is one property scheduled to close that is listed at $499,000.
No sales were reported during the last week. There were three status changes.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 73 homes or apartments available. The median price is $4,800 per month and the average price is $5,854 per month. These year round rental opportunities have been on the market an average of 56 days.
There are 50 short-term rental opportunities that are available, and they have been on the market an average of 121 days. Their average price is $15,102 and the median price is $13,350.
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 GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics.
Featured Home
This home at 18 Danbury Ave. is listed at $2,895,000.
Just five houses in from the sand at Compo Beach, this impressive young colonial is also convenient to Longshore, and less than five minutes to the train.
An open, versatile and comfortable floor plan takes full advantage of the natural sunlight throughout 3,281-square feet of living area, and each of its eight rooms exude modern elegance.
The family room is the main gathering area, and has exquisitely designed built-ins and cabinetry along with custom trim work. A floor-to-ceiling stacked stone fireplace with French doors on either side leads to a patio with another outdoor Fieldstone fireplace.
The dining room is open to the family room and newly remodeled chef’s kitchen with Calcatta Gold marble counters and stainless steel appliances, which includes a breakfast bar for informal dining.
The main level den with built in cabinetry and shelving has transom topped French doors to a 253-square foot deck, and also leads the professionally landscaped .23-acre fully enclosed double-lot
Upstairs, the master bedroom suite with walk-in closet has a sumptuous bath with dual sinks, whirlpool, and steam shower
Three of the four additional bedrooms are en suite.
Schools — Greens Farms, Bedford Middle, Staples High.
Extras and items to note — Five bedrooms, four baths, 9-foot ceilings on the main level, indoor and outdoor fireplaces, outdoor shower, security system, public water and sewer, whole house generator, cedar closet, finished loft area
Annual taxes are $27,394.
Listing/photo courtesy of William Raveis-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.
