By Judy Szablak
Among Westport’s most prized neighborhoods is an inherently charming area known as Old Hill, which has been a favorite in town for many years.
Featured Home: This home at 14 Broadview Road is listed at $4,595,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis- Westport/ Leslie Clarke Homes
There are a number of vintage or antique homes located here, with some dating back to the Revolutionary and Victorian eras.
However, some magnificently designed newer homes also dot the landscape.
Less than 10 percent of the 322 homes that are on the market town-wide are in this neighborhood, yet only seven homes that are currently available here are less than 10 years old.
As of today, there are 30 available homes here that range in price from $820,000 to $5,595,000, and range in living area from 2,681 square feet for an antique on Crawford Road to a 10,077-square foot colonial on Old Hill Road.
Old Hill is also one of the stronger neighborhood markets in town, with an average market time of just 96 days for the 42 sold properties within the last year. A less than average market time to sale, along with limited inventory earns this area some well deserved accolades and an acknowledgement for marketability and value.
Market Stats
The inventory is up ever so slightly to the 322 homes that are actively on the market. These currently available properties have been listed for an average of 124 days, with a cumulative market time of 186 days. The average list price is now $2,341,094 and the median price is holding steady at $1,799,000.
A seven-bedroom home at 2 Manitou Court is the highest priced home for sale at $12,895,000, and the lowest available priced home is a two-bedroom home at 29 North Ave. for $399,900.
Twenty-three 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the market in the last seven days, and two properties came back on the market after being under deposit, or temporarily withdrawn. The 23 properties are more than double last week’s new inventory entering the market, yet the net increase over last week is just two properties, which is a positive. Eleven properties had a price change.
Nine properties have gone under the initial deposit stage, which we call CTS, and another nine properties went into pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Both initial deposits and pendings are up since last week.
The average price of these nine pending properties is $1,981,222. There are currently 23 homes in CTS status throughout Westport, and another 59 properties scheduled to close town-wide, with an average price of $1,847,808.
Listings are up, initial deposits and pendings are up, and let’s hope this is the beginning of our seasonal uptick.
Closings: There were 11 single family homes reported as sold in the last week. They were listed on average at $2,124,909 and sold with an average market time of just 105 days. There were 82 status changes in the last seven days.
Condos: There are 18 condominiums that are available, and they have been listed an average of 91 days. Their average listing price is $705,489 and the median price is $714,000. At this time, the Westport condo market remains statistically stronger than single family homes.
The highest priced condo in town is $1,249,000 and is a three-bedroom home located at Terra Nova Circle, and the lowest priced unit for sale is a one-bedroom home on Sylvan Lane for $273,600.
There were two new listings this week, and no homes came back on the market after being under deposit. There were three price changes, and one property entered into the initial stage of deposit. No home entered into pending status.
There are three properties town-wide that are currently in CTS status, and three homes are scheduled to close, with an average list price of $684,013.
No sales were reported during the last week. There were seven status changes reported.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 69 homes or apartments available. The median price is $4,700 per month and the average price is $5,322 per month. These year-round rental opportunities have been on the market an average of 42 days.
There are 25 short-term rental opportunities that are available, and they have been on the market an average of 84 days. Their average price is $13,467 and the median price is $11,500.
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 14 Broadview Road is listed at $4,595,000.
This custom colonial on a sought after street in Old Hill is simply flawless. Built in 2007 and designed by Cole Harris Associates of Westport, each of its 15 rooms incorporates a multitude of unique and timeless themed details and custom mill work throughout a very comfortable 8,600 square feet of living area.
Just by looking at the exterior of this stunning six-bedroom Craftsman style home’s multi-gabled roof, one could reasonably expect to be “wowed” on the inside, and there would be no disappointments.
Of particular note is a three-level circular atrium, with rounded sunlit balconies on both the second and third floors, which continue on to bring in natural light through an open rounded ceiling in the formal dining room.
The living room has a fireplace with marble surround and cherry mantel, flanked on either side by built in cabinetry, with French doorsleaading to the balcony overlooking the specially designed gardens
The cherry office has stunning mill work, and a fireplace with RosaVerona marble surround.
A spectacular formal dining room has a soaring open octagonal area that soars through the circular opening past the third floor to the roofline, and a butler’s pantry with cherry cabinetry and Carrera marble counters, as well as an ice maker and wine fridge.
The custom chef’s kitchen with rich cherry wood has two center islands with marble tops, top of the line appliances including a Viking refrigerator and gas range,
Also, Viking double wall oven and warming drawer, Advantium oven/microwave, Sub-Zero refrigerator drawers and two Miele dishwashers. A walk-in pantry offers additional storage, and there are seemingly endless views from the breakfast room, which has a very charming custom-built banquette.
A truly effortless flow into the family room offers more scenic views of the professionally landscaped 2.2-acre property, and horizon. This sun-drenched area has another fireplace as well as another one of the nine balconies/decks.
There are five bedrooms on the second level, and all are en suite with custom Waterwork’s baths, and each has a private balcony. The master bedroom suite occupies its own wing on this floor and an exquisite and luxurious bath with radiant heated marble flooring, and twin doors to dual balconies.
The beautifully finished 40-foot long third floor has a media room which is also perfect for a teen gathering area, and the circular balcony separates the another area which has two built-in homework stations.
The walk-out lower level has almost 1,450 square feet of living area, which includes a wine cellar, recreation room, exercise room with mirrored wall, and an au pair suite with full bath.
Extras and items to note—four fireplaces, whole house audio system. wine cellar with custom racking for 1,850 bottles, inlaid basket weave RosaVerona flooring accents in the foyer, kitchen, living room and family room, glass walled pool house/studio with cathedral ceiling and bath, outdoor kitchen, pool site, 11-zone heating and cooling, sprinkler system, security system, four-car garage, Oregon Bergerson custom cedar windows, Kinetico water system, over 1,000 square feet of Brazilian Ipe decking.
Annual taxes are $35,509.
Listing/photo courtesy of William Raveis- Westport/ Leslie Clarke Homes.
(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.
