By Judy Szablak
Westport has more newly constructed homes listed for sale than any other town in Fairfield County.
This home at 3 Tupelo Road is listed at $2,299,000. (CLICK TO ENLARGE) Photo courtesy of Halstead Properties/Westport
According to the Greater Fairfield County CMLS, there are currently 313 homes available for sale in Westport, 18 percent of them either newly built, or in some phase of construction.
Shelton comes in at a distant second with just 34 new homes available.
The average size of the 57 new construction homes in Westport is 5,895 square feet, and the average price is $2,689,840, which is about $472 per square foot. The smallest newly built home is 2,200 square feet and the largest is 9,122 square feet.
New construction sales have been generally pretty consistent over the last year, with 48 closed sales and an average price of $2,378,569.
Market Stats
There are now 313 homes that are actively on the market. The average list price of available homes is $2,197,745 and these properties have been listed for average of 125 days, with a cumulative market time of 240 days. The median price is now $1,699,000.
The highest asking price for all homes currently on the market is $27.5 million, and the lowest available priced home is $309,000.
Twelve new listings came on the market in the last seven days, and five homes came back on the market after being under deposit. Eleven properties had a price change.
Eleven properties have gone under the initial deposit stage, which we call CTS, and eight 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 eight pending properties was $1,471,125. There are currently 24 homes in CTS status throughout Westport, and 40 properties scheduled to close town-wide, with an average price of $1,402,707.
Closings: Three homes were reported as sold in the last week, and their average list price was $1,082,333. Average market time for these sold properties was 122 days. There were 72 status changes in the last seven days.
Condos: There are nine condominiums that are available, and they have been listed an average of 249 days. Their average listing price is $523,767, and the median price is $399,000. The highest priced condo in town is listed at $1,075,000 and the lowest offering price is $299,900.
There was no new listing activity in the last week, with one price change noted and one new deposit reported.
There are two properties currently in CTS status, and two additional homes scheduled to close townwide, and they are listed on average at $454,450.
Closings: There was one condos reported as sold this past week, and it was listed at $659,000.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 64 homes or apartments available. The median price is $4,975 per month and the average price is $6,130 per month. These year-round rental opportunities have been on the market an average of 78 days.
There are 26 short-term rental opportunities that are available, and they have been on the market an average of 48 days. Their average price is $5,231, and the median price is $4,000.
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 3 Tupelo Road is listed at $2,299,000.
This newly-built home has nearly 6,700 square feet of luxurious living on a private cul-de-sac in a sought after Coleytown location overlooking a scenic pond.
This commanding 14-room colonial is set back from the road on 1.31 acres, and has a regal presence from the moment you drive up to it, as well as the minute you enter through its columned portico styled entry with dual doors.
The foyer has specialty wainscoting along with perimeter walnut inlaid hardwood flooring, and sets the stage perfectly for this very well designed home.
The living room is to the right of the entrance, and its fireplace is flanked on either side by over sized windows, affording much light into the room. A nicely tucked away wet bar has a beverage cooler.
The dining room is to the left of the entrance, and has coffered ceilings, picture frame molding and walnut perimeter inlaid hardwood flooring. A large bay window adds more natural light into an already sun filled room.
An exceptionally sunlit custom gourmet kitchen overlooks beautiful property, is fully applianced and has marble counter tops. A two-tiered center island has contrasting granite tops, a built-in bar sink, and seats three comfortably. There is also a walk-in pantry. The breakfast nook is nicely tucked away for a peaceful meal, and leads to the family room.
The kitchen and family room are open to each other, and create quite a grand feeling of space. The family room has crown molding, and another fireplace, with transom window topped French doors out to the stone patio.
Upstairs, the master bedroom suite has a fireplace, and a luxuriously appointed marble bath with a whirlpool and glass enclosed shower. French doors lead out to a private balcony.
An additional four bedrooms are on this floor, with one of the en suite bedrooms being exceptionally spacious, and perfect for an au pair, second master bedroom, or teen suite.
A study/office on the second floor is a fantastic design feature, and the room is versatile enough to be an additional bedroom, exercise room, or whatever fits ones needs.
The third floor has a sixth bedroom that is en-suite, and a large playroom/ recreation area, which could also very easily suit a maids quarters.
This home boasts expert workmanship, is by all accounts versatility defined, and has an open and flowing floor plan that is sunlit from every angle.
Annual taxes are $29,100.
Listing/photo courtesy of Halstead Properties/Westport.
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(Editor’s Note: Judy Szablak of RE/MAX- 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.)
Not sure if having the most new-builds in all of Fairfiled County is a “good thing”?