By Judy Szablak
Special to WestportNow
Twenty percent of Westport’s single family home inventory is in the Coleytown area, and two price pockets are enjoying the bulk of sales activity.
Featured Home: This direct waterfront custom colonial at 35 Greenlea Lane in the Coleytown area is listed at $1,399,000. (CLICK TO ENLARGE) Photo courtesy of The Riverside Realty Group- Westport
There are currently six homes under some stage of deposit, and the $1.2 -$1.4 million price pocket has enjoyed nine sales over the last year, while eight closings occurred in the $650,000-$750,000 range.
The average home for sale in Coleytown has 4,935 square feet and is listed at $1,598,361.
The highest priced home is a 7,700-square foot colonial on Cob Drive for $4.45 million, and the lowest priced home is 1,220-square foot ranch on Cavalry Road for $529,000.
Fifty-five single family homes closed within the last year with an average size of 4,548 square feet at an average price $1,321,899.
Market Stats
There are now 254 homes that are actively on the market, which have been listed for an average of 135 days, with a cumulative market time of 226 days.
The average list price is now $2,208,111 and the median price has edged up slightly to $1,785,000.
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 three-bedroom home on Oakview Circle for $249,000.
Twenty-six new listings came on the market in the last seven days, and two properties came back on the market after being under deposit, or temporarily withdrawn. Ten properties had a price change.
Ten properties have gone under the initial deposit stage, which we call CTS or Show, and another eight 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 eight pending properties was $996,688. There are currently 37 homes in CTS/Show status throughout Westport, and another 36 properties scheduled to close town-wide, with an average price of $1,669,347.
Closings: There were four single-family homes reported as sold in the last week, and they were listed on average at $1,410,500 with an average market time of 205 days. There were 70 status changes in the last seven days.
Condos: There are 10 condominiums that are available, and they have been listed an average of 78 days, with a cumulative market time of 134 days. Their average listing price is $647,281 and the median price is $519,450.
The highest priced condo in town is listed at $1,249,000 and is a three-bedroom home located at Terra Nova Circle, and the lowest priced unit for sale is a two-bedroom home on Bridge Street for $254,330.
There was one new listing this week, and no homes came back on the market. There were no price changes, and one property went under the initial stage of deposit. No property entered pending status.
There are three properties town-wide that are currently in CTS/Show status, and one property is currently scheduled to close.
No sales were reported during the last week. There were two status changes.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 66 homes or apartments available. The median price is $5,975 per month and the average price is $6,150 per month.
These year-round rental opportunities have been on the market an average of 129 days.
There are 60 short-term rental opportunities that are available, and they have been on the market an average of 104 days. Their average price is $12,457 and the median price is $8,000.
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 direct waterfront custom colonial at 35 Greenlea Lane is listed at $1,399,000.
An entertainers delight with an open and flowing 5,099 square feet of living area, this scenic and beautiful property also has approximately 250 feet of frontage on the Aspetuck River.
The living room has a wood burning fireplace and bar cabinet.
The dining room features romantic cove lighting which creates a warm and romantic atmosphere.
Designed with a chef in mind, the designer white kitchen with granite counters and top of the line appliances has two pantries, and two islands; one of which seats three comfortably. The breakfast area overlooks the professionally landscaped and lush two acre grounds with an expansive lawn area.
A large den with gas fireplace is just off the kitchen, and can also be used as an office or playroom.
A fully equipped home theater with 9-foot ceilings is just beyond the den, and offers an exceptional recreation area with built in Rosewood cabinetry, and French doors to the 660-square foot deck and and blue stone patio with outdoor kitchen and sitting walls.
A generously sized main level en suite bedroom can easily be used as a guest suite, in law or a nanny suite.
Upstairs, the luxurious two-room master suite has dual walk in closets, and a 108-square foot balcony off the separate sitting room, which is perfect for an extended dressing area, office, or nursery.
The elegant and spa-like marble bath has radiant heated floors, a jetted tub, separate steam shower, and water closet
Three additional bedrooms are on this level and all enjoy their own bath.
Extras and items to note—five bedrooms, five full and one half bath, two fireplaces, natural gas, public water, security system, home theater includes Runco X200 Projector and Crestron full home audio/video system with McIntosh amplifier, Lutron Motorized window shades and lighting controls, climatized wine cellar, outdoor kitchen with Viking grill, two car garage and additional two-car carport, whole house generator.
Annual taxes are $16,181.
Listing/photo courtesy of The Riverside Realty Group- 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.
