By Judy Szablak
Westport’s seasonal rental homes are starting to pop up in the market, and now is as good a time as any to start making plans to enjoy our beautiful town for the summer.
Photo courtesy of William Raveis/ Westport
These types of rentals come in many styles, sizes and price ranges to fit anyone’s budget or desired summer lifestyle, with the most popular choices being waterfront properties and antique homes.
There are currently just 17 homes on the market, and more are expected to hit the market in the coming weeks. One can expect that the more desirable homes will take a deposit very quickly, even if it does seem early on in the year to begin a search.
The lowest priced home is a 850-square foot home on 69 Newtown Turnpike for $3,200 per month, and the highest priced home is a 6,591-square foot home at 129 Beachside Ave. for $35,000 per month.
Market Stats
There are now 256 homes that are actively on the market, and that represents a net gain of 16 homes from last week. These currently available properties have been listed for average of 106 days, with a cumulative market time of 182 days.
The average list price is now $2,546,274 and the median price is now $1,998,500.
A new five-bedroom colonial at 8 Bluewater Lane is the highest priced home for sale at $14.5 million, and the lowest available priced home is a two-bedroom home on Crescent Park for $289,000.
Twenty-four listings came on the market in the last seven days, and eight properties came back on the market after being under deposit, or temporarily withdrawn. Ten properties had a price change.
Eight properties have gone under the initial deposit stage, which we call CTS, and 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 these nine pending properties is $1,995,778. There are currently 31 homes in CTS status throughout Westport, and another 42 properties scheduled to close town-wide, with an average price of $1,915,452.
Closings: There were eight single family home reported as sold in the last week, and were listed on average at $1,116,438, and sold with an average market time of 103 days. There were 77 status changes in the last seven days.
Condos: There are 11 condominiums that are available, and they have been listed an average of 58 days. Their average listing price is $719,000 and the median price is $749,000.
The highest priced condo in town is $935,000 and is a two-bedroom home located at Lansdowne, and the lowest priced unit for sale is a one-bedroom home on Riverside Avenue for $497,000.
There was one new listing this week, and no homes came back on the market after being under deposit. There was one price change, and two properties entered into the initial stage of deposit.
No homes entered the pending stage of deposit.
There are two properties town-wide that are currently in CTS status, and one home is scheduled to close, which is listed at $682,500.
One sale was reported during the last week, and was listed at $925,000. There were four status changes reported.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 37 homes or apartments available. The median price is $3,500 per month and the average price is $4,772 per month. These year round rental opportunities have been on the market an average of 46 days.
There are 17 short-term rental opportunities that are available, and they have been on the market an average of just 21 days. Their average price is $21,041, and the median price is $18,500.
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 summer rental at 6 Watch Hill is listed at $18,500 per month.
This fully furnished and charming antique home on 6 Watch Hill is available between June and September, with a two-month minimum.
Neatly tucked away at the end of Watch Hill, this home also has an attached Onion Barn which was built in the 1800’s.
This 1915 colonial has eight rooms, and 2,923 square feet of living area. Along with today’s necessary amenities, you can expect all the charm of a vintage colonial, including wide plank floors and beams.
The great room has a fireplace and a rear wall of built ins, and a banquet-sized dining room has stone flooring,
The family room is neutral, spacious and has great atmosphere.
The kitchen has more exposed beams, built-in shelving nooks, and plenty of cabinetry
The master bedroom is on the second floor, and has a fireplace and full bath. Two additional bedrooms are also on this level, and one is being used as an exercise room.
Another bedroom is on the main level, and all feature beautifully maintained flooring and furnishings.
This home is extraordinarily bright and cheerful, with the utmost taste in livable furnishings.
Extras and items to note—geothermal heating, three full and one-half baths, security system, audio system, inground pool, close to town tennis courts, (tenant pays all utilities).
Listing/photo courtesy of William Raveis/ Westport.
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(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.
