By Judy Szablak
Special to WestportNow
There are 375 single-family homes on the market in Westport with one price range in particular enjoying the most activity.
Featured Home: This home at 24 Blue Ribbon Drive is listed at $1,075,000. (CLICK TO ENLARGE) Photo courtesy of William Pitt Sotheby’s International Westport
The “price pocket” that stands out among the others is the $1.1 — $1.2 million range.
While 24 available properties fall within the $2.25 -$2.5 million range, 21 homes are available between $1.1-1.2 million, and these properties represent 5.6 percent of our inventory.
When you compare the overall deposits in town, the trending activity is much greater percentage-wise in this one price pocket.
As of today, 10.2 percent of homes in this range are under the beginning stage of deposit, and another 12.5 percent are pending and waiting to close.
Twenty-six homes have sold within the last year.
Market Stats
There are now 375 homes that are actively on the market, and have been listed for an average of 111 days, with a cumulative market time of 185 days. The average list price is $2,052,626 and the median price is $1,648,000.
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-one 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market in the last seven days, and three properties came back on the market after being under deposit, or temporarily withdrawn. Twenty-two properties had a price change.
Nine properties have gone under the initial deposit stage, which we call CTS or Show, and another nine 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 nine pending properties was $1,146,444. There are currently 39 homes in CTS/Show status throughout Westport, and another 56 properties scheduled to close townwide, with an average price of $1,639,000.
Closings: There were 12 single-family homes reported as sold in the last week, and they were listed on average at $1,455,871 with an average market time of 81 days. There were 88 status changes in the last seven days.
Condos: There are 18 condominiums that are available, and they have been listed an average of 65 days, with a cumulative market time of 88 days. Their average listing price is $604,491 and the median price is $515,000.
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 five new listings in the last seven days, and no properties came back on the market. Two properties had a price change, and one home took a deposit. No homes entered into pending status.
There are two properties townwide that are currently in CTS/Show status, and one property is scheduled to close that is listed at $1,049,000.
Two sales were reported during the last week, and were listed on average at $289,665. There were 11 status changes.
Rentals: If you are interested in renting year-round, either furnished or unfurnished, there are 68 homes or apartments available. The median price is $6,125 per month and the average price is $7,307 per month. These year-round rental opportunities have been on the market an average of 89 days.
There are 67 short-term rental opportunities that are available, and they have been on the market an average of 107 days. Their average price is $13,102 and the median price is $9,950.
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 24 Blue Ribbon Drive is listed at $1,075,000.
This nine-room garrison colonial in a multimillion dollar Coleytown neighborhood has been thoughtfully remodeled, and is sited on a level and beautifully landscaped acre.
The 2,834-square foot sun-filled home also has a partly finished lower level that provides additional living space.
A front to back living room has a beamed ceiling, a bay window for added light, and a fireplace with a decorative mantel.
The crisp white kitchen with granite tops and stainless steel appliances is designed with a wall of windows that overlooks the outstanding property. A matching center island seats two, and the kitchen is open to the dining area with bay window.
The family room has a vaulted ceiling with rich wood beams and an oversized bay window, as well as a full bath.
A main level den/office has built-in cabinetry and shelving, and accesses the deck through sliding glass doors.
Upstairs, the master bedroom has two closets, and a full bath with glass enclosed shower.
Three additional bedrooms are on this floor, and one has built-in cabinetry and shelving.
The enclosed three-season sun room is insulated and provides a wonderful area to relax.
The lower level recreation room has numerous closets and ample storage space.
The simply stunning property with stone walls has mature trees, specimen plantings, and the split rail fence that surrounds the pool and pool house gives the entire landscape a scenic backdrop.
Extras and items to note — four bedrooms, three full and one half baths, fireplace, in-ground pool with solar cover, pool house and hot tub.
Annual taxes are $13,055.
Listing 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.
