By Judy Szablak
Few true mid-century modern homes exist in Westport, and they are enjoying a new height in popularity.
Featured Home: This home at 76 Sylvan Road North is listed at $1,250,000. (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker Westport-Riverside/ M & D Properties
Increasingly difficult to find, there are currently only eight of these homes on the market right now in Westport, and their average list price is just over $1.7 million.
The architectural design was indicative of the stylistic modern homes built in the 1950s, and these houses have a much different character than their later contemporary-styled counterparts.
Frank Lloyd Wright, Charles and Ray Eames, and Finland’s Eero Saarinen were a few well known architects who designed many noteworthy homes in what is now commonly referred to as mid-century modern style.
It is characterized by open interior spaces, flat and/or slightly sloped roofs, an abundance of glass, and the use of natural materials such as stone and brick.
Market Stats
There are now 348 homes that are actively on the market. These currently available properties have been listed for average of 110 days, with a cumulative market time of 168 days.
The average list price is now $2,338,188 and the median price is down to $1,799,500.
A seven-bedroom home at 2 Manitou Court is the highest priced home for sale at $12,985,000, and the lowest available priced home is a two-bedroom home on Conte Place for $375,000.
Only nine new listings came on the market in the last seven days, and five properties came back on the market after being under deposit, or temporarily withdrawn. Twenty-three properties had a price change.
Twelve properties have gone under the initial deposit stage, which we call CTS, and another 16 properties went into pending status, which means that the conditions have been satisfied, and the property is scheduled to close.
The average price of these 16 pending properties is $1,226,181.There are currently 35 homes in CTS status throughout Westport, and another 74 properties scheduled to close town-wide, with an average price of $1,805,296.
Closings: There were 10 single family homes reported as sold in the last week, and were listed on average at $1,351,600, and sold with an average market time of 100 days. There were 82 status changes in the last seven days.
Condos: There are 17 condominiums that are available, and they have been listed an average of 80 days. Their average listing price is $658,024 and the median price is $689,000.
The highest priced condo in town is $1,265,000 and is a three-bedroom home at Terra Nova Circle, and the lowest priced unit for sale is a one-bedroom home on Sylvan Lane for $304,000.
There were two new listings this week, and no homes came back on the market after being under deposit. There were no price changes, and two properties entered into the initial stage of deposit.
There is one property town-wide that is currently in CTS status, and one home that is scheduled to close, which is listed at $470,000.
Two sales were reported during the last week, and were listed on average at $879,500. There were seven status changes reported.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 60 homes or apartments available.The median price is $4,500 per month and the average price is $5,438 per month.
These year-round rental opportunities have been on the market an average of 34 days.
There are 50 short-term rental opportunities that are available, and they have been on the market an average of 52 days. Their average price is $15,083, and the median price is $13,000.
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 GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics.
Featured Home
This home at 76 Sylvan Road North is listed at $1,250,000.
This refreshing mid-century modern home located in the sought after Old Hill area has an open floor plan, and a bright and sunny interior.
Originally built in 1957, this 11-room home has a versatile floor plan of 4,037 square feet, and a cheerful ambience with walls of glass. Nicely sited on a 1.04-acre lot, this home affords much privacy, along with a convenient commuter location.
An expansive foyer has an artfully designed floating staircase to the second floor, and is open to both the living room and dining room, which has French doors to the sunroom.
The kitchen has uniquely designed louvered cabinets and an abundance of counter space, as well as a built in desk area and hutch.
A beautiful floor to ceiling stone fireplace is the focal point of the family room, and nicely designed partial perimeter cabinetry complete the look for a lovely room.
A tucked away wet bar is a perfect complement, and the entire home is well designed for entertaining.
There are five bedrooms, and four are on the upper level in two separate wings, along with a large bonus room that could easily be a playroom, office or media room.
A hard to find main level master bedroom suite has dual master baths with designer marble flooring, a dressing area with built ins, and great closet space.
In sum, it’s mid-century style, modern versatility, and an outstanding location.
Extras and items to note—four full baths, 9-foot ceilings, security system, skylight, and a 1,128-square foot stone patio
Annual taxes are $13,272.
Listing/photo courtesy of Coldwell Banker Westport-Riverside/ M & D Properties.
(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.
