Westport’s real estate market is showing signs of an uptick, that’s according to Judy Szablak, a realtor with Coldwell Banker..
"I have to see enough of a trend to be able to tell you if things are going in one direction or another, whether it's going up or not. But things are starting to look, and then also we have the season," she said.
Judy tells me homes sales in Westport usually jump in September or October, with many transactions closing by December. And, that makes her optimistic on what’s to come.
"Norwalk's numbers are pretty good right now. It's definitely a sellers market. Their percentage of deposits are stronger in Norwalk than they are in Westport. Same thing in Trumbull. But, we are watching a change," she continued.
More than three hundred homes are sitting on the market today in this Fairfield County town, ranging from around 400 thousand all the way up to around 12 million. And, one area in particular is leading the sales.
"The Hunt Club is hot. I think the location because it's pretty easy to get to. All your transportation needs. That's probably it. Accessability and privacy," said Szablak.
But, what’s interesting to highlight: When it comes to selling these homes, often times realtors are not hosting open houses.
"You get a lot of gawkers and you have to be respectful of the sellers' property. Ask anybody you know who has recently had an open house for feedback. Their agent will say- oh you're neighbor came by. Yea your neighbor came by because they want to see how you decorated. There are better houses for open houses than others. For an upper priced home - I would say no," she said.
It is interesting to compare what's happening in Westport to what's happening nationally. Today the Commerce Department released a report showing a drastic 8.1 percent drop of new home sales from last month. That report being released the same week as a report by the National Association of Realtors concerning existing home sales, showing a rise from last month.