Tuesday, March 05, 2024

Sponsors

Real Estate Report: Time to Sell Warm Weather Standouts

By Judy Szablak

Special to WestportNow

Now that the official start of the summer season is upon us, it is a prime time to sell your Westport home with warm weather comforts.

WestportNow.com Image
Featured Home: This home at 14 Cob Drive is listed at $1,649,000. (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker Westport/ KMS Partners

In fact, of the 74 homes that closed in the last five years that had both an in-ground pool and a tennis court, only 36 percent closed during a colder seasonal climate.

Buyers who are interested in specific weather-related property amenities such as a tennis court and pool prefer to see the latter functioning, and both should be marketed in their full glory if at all possible.

Add to that fact that neither can truly be fully appreciated during the colder months, and pools need to be opened in order to be inspected.

Currently, there are not that many to choose from, as only 12 homes are available with both an in-ground pool and a tennis court. These properties range in price for $1.649 million to just under $4.4 million, and have an average list price of $2,655,867.

Only six such properties have closed within the last year and ranged in price from $1,210,000 to 7 million dollars.

Market Stats

There are now 360 homes that are actively on the market. They have been listed for an average of 108 days, with a cumulative market time of 181 days. The average list price is now $2,065,141 and the median price remains 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the market in the last seven days, and no properties came back on the market after being under deposit, or temporarily withdrawn. Twenty-two properties had a price change.

Fourteen properties have gone under the initial deposit stage, which we call CTS or Show, and another five 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 five pending properties was $1,051,200. There are currently 44 homes in CTS/Show status throughout Westport, and another 61 properties scheduled to close townwide, with an average price of $1,709,844.

Closings: There were 11 single-family homes reported as sold in the last week, and they were listed on average at $1,292,536 with an average market time of 75 days. There were 88 status changes in the last seven days.

Condos: There are 15 condominiums available, and they have been listed an average of 97 days, with a cumulative market time of 114 days. Their average listing price is $599,174 and the median price is $505,000.

The highest priced condo in town is listed at $1,195,000 and is a three-bedroom home located at Terra Nova Circle, and the lowest priced unit for sale is a two-bedroom home on Bridge Street for $234,933.

There was one new listing in the last seven days, and no properties came back on the market. One property 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 two properties are scheduled to close and have an average list price of $687,000.

One sale was reported during the last week, and was listed at $536,900. There were five status changes.

Rentals: If you are interested in renting year-round, either furnished or unfurnished, there are 58 homes or apartments available. The median price is $6,000 per month and the average price is $7,391 per month. These year-round rental opportunities have been on the market an average of 104 days.

There are 63 short-term rental opportunities that are available, and they have been on the market an average of 118 days. Their average price is $14,106 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 14 Cob Drive is listed at $1,649,000.

This 10-room colonial with the right amount of transitional styling is beautifully sited on a 2.38-acre mini-estate in Coleytown.

The open and flowing 4,152-square feet interior is chic and stylish, and the versatile floor plan allows for easily changeable gathering areas.

The living room has a cathedral ceiling, and includes a fireplace and dry bar.

The dining room has another fireplace and thoughtful built-ins.

Two skylights add to an already sunlit Crisp White kitchen with strategically placed glass front cabinetry, and has stainless steel appliances and marble countertops as well as a matching center island with vegetable sink that seats three comfortably.

The octagonal breakfast nook with banquette seating is perfectly situated at the transom topped bay window area, and French doors to the patio overlook the private yard with beautiful landscaping, mature trees and lovely gardens, as well as a heated Gunite pool and your own private tennis court.

The family room with cathedral ceilings and another skylight has a floor to ceiling stone fireplace and another large bay window for additional sunlight.

Upstairs, the master bedroom suite with sitting room has cathedral ceilings, and a generously sized bath with whirlpool and separate shower.

Three other bedrooms are on this level and all have spacious closets.

The finished lower level adds an additional 1,000-square feet of living area.

Extras and items to note — Four bedrooms, three full baths, three fireplaces, main level office/den, natural gas, security system, sunroom with cathedral ceilings, screened patio area, three car-garage, heated Gunite pool, Har-Tru tennis court, generator.

Annual taxes are $18,141.

Listing/photo courtesy of Coldwell Banker Westport/ KMS Partners.


Judy Szablak
(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

Leave a Reply

Your email address will not be published. Required fields are marked *