New homes in Westport are in 'very high' demand, agent says

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Westport — New homes in Westport are in high demand, selling almost as fast as builders are completing them, according to local realtors.

There will be 63 new buildings in Westport in 2022, down slightly from 76 in 2021, according to data from Westport’s Planning and Zoning Division. 57 in 2020, 49 in 2019 and 62 in 2018.

The pace of new construction in Westport is high compared to other communities in Fairfield County. Data differ when compared to Darien, Fairfield and Greenwich. In 2022, Darien had 29 new builds and Greenwich had 71 new builds, but Fairfield’s numbers are not yet available. In 2021, Darien had 34, Fairfield 48 and Greenwich 60.

As of Jan. 5, Westport has 20 new construction homes on the market, according to Riverside Realty Group agent Mary Ann Lindwall. The average price of these properties is her $4.4 million, which ranges from $1.8 million to $9.4 million. a million.

Julie Vanderblue, founder of The Vanderblue Team, says Westport homes are always in high demand.

“It’s one of the most popular areas in Fairfield County,” says Vanderblue.

Vanderblue added that builders know Westport is profitable, making it a hot spot for them.

She described the area as “eclectic.” This is because there are properties with different prices depending on the new building.

“There may be a $4 million property next door to a $1 million property,” says Vanderblue.

The numbers back it up. Lindwall said the town now has 56 listings, including 20 of his new homes. The average sales price of 472 residential properties sold in 2022 was just over $2.2 million. However, new construction he averaged $3.2 million in 48 sales.

Deputy planning and zoning director Michelle Perry said the population is generally unchanged because the new homes under construction are replacement homes.

Vanderblue agreed. When she works with builders, they also try to use as much as possible from the old house to rebuild it, also known as a money-saving replacement home, she said.

Lindwall added that new buildings tend not to be custom homes, especially as changes in supply chain costs prevent builders from making as much profit on these types of properties.

Vanderblue said he believes people are moving to Westport and the market is trying to keep up with demand.

“We don’t have enough inventory for demand, and some are not even manufactured yet,” says Vanderblue.

kayla.mutchler@hearstmediact.com

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