By Judy Szablak
Special to WestportNow
Those who wish to take advantage of Westport’s ease of commuter access by car can choose from approximately 12 percent of our single-family inventory.
Featured Home: This home at 7 Gault Park Drive not far from Merritt Parkway exit 42 is listed at $1,995,000. (CLICK TO ENLARGE) Photo courtesy of William Pitt Sotheby’s International — Westport
There are currently 46 homes that are located within a one half-mile of four entrances and corresponding exits of the Connecticut Turnpike and the Merritt Parkway that head in both directions.
Out of the four access points in Westport, which are divided equally between these limited access highways, one particular area seems to stand out as far as availability, pricing and overall market conditions.
The immediate area surrounding Merritt Parkway’s exit 42 has the strongest activity as far as proximity to commuter access by car is concerned, and contains 17 homes for sale at an average list price of $1,225,429, which is also the most affordable of the four access points.
Ten homes in these areas are under some stage of deposit, and 31 closed sales have occurred over the course of the last year.
The average list price of just under $1.7 million holds true of the 23 homes in the vicinity of exit 42 from the Merritt, as well as the area surrounding Connecticut Turnpike exit 17, which also has the closest rail access.
Market Stats
There are now 370 homes that are actively on the market, which have been listed for an average of 109 days, with a cumulative market time of 184 days. The average list price is now $2,066,914 and the median price is now at $1,649,000.
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.
Twenty 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the market in the last seven days, and two properties came back on the market after being under deposit, or temporarily withdrawn. Thirty-two properties had a price change.
Seven properties have gone under the initial deposit stage, which we call CTS or Show, and another seven 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 seven pending properties was $1,091,429. There are currently 41 homes in CTS/Show status throughout Westport, and another 55 properties scheduled to close townwide, with an average price of $1,735,854.
Closings: There were 15 single family homes reported as sold in the last week, and they were listed on average at $1,254,433 with an average market time of 99 days. There were 94 status changes in the last seven days.
Condos: There are 14 condominiums that are available, and they have been listed an average of 84 days. Their average listing price is $602,631 and the median price is $537,000.
The highest priced condo in town is listed at $1,195,000 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 no new listings in the last seven days, and one property came back on the market. No properties had a price change, and no homes took a deposit. One home entered into pending status.
There is one property townwide that is currently in CTS/Show status, and three properties are currently scheduled to close which are listed on average at $542,777
No sales were reported during the last week. There were four status changes.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 65 homes or apartments available. The median price is $6,000 per month and the average price is $7,083 per month.
These year-round rental opportunities have been on the market an average of 88 days.
There are 67 short-term rental opportunities that are available, and they have been on the market an average of 103 days. Their average price is $13,945 and the median price is $10,000.
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 7 Gault Park Drive is listed at $1,995,000.
Newly constructed in 2017, this 12-room colonial has a sophisticated and inviting sunlit interior with outstanding flow throughout its 5,800-square feet of living area, and is close to town amenities and the Merritt Parkway.
The living room has a coffered ceiling, ambient lighting, and a fireplace with custom marble surround and hearth
The dining room features an angled tray ceiling, ambient lighting, and recessed panel wainscoting. The butlers pantry includes a pre-plumbed dry bar with temperature controlled wine refrigerator.
The custom chef’s kitchen has quartz countertops, stainless steel Thermidor appliances. A matching center island seats four comfortably, and the breakfast nook overlooks 1.11 professionally landscaped acres.
A charm filled family room has built-in bookcases, and a fireplace with marble surround and hearth. French doors lead outside to the 587-square foot blue stone patio and expansive lawn, which has room for a pool and tennis court.
Upstairs, the master bedroom suite has a tray ceiling with ambient lighting, and a luxurious bath with radiant heated floors, glass enclosed shower.
Three other en suite bedrooms are on this level as well as a sitting area/computer room.
The lower level has two additional recreation rooms.
Extras and items to note — five bedrooms, five full and one half baths, two fireplaces, main level office or fifth bedroom, 9-foot ceilings on both levels, multi-zone hydro-air heating and cooling, security system, underground utilities, wired for generator, multi-zone irrigation system.
Annual taxes as of July 1 are $19,455.
Listing/photo courtesy of William Pitt Sotheby’s International — 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.
