New Westport homes in ‘extremely high’ demand, agents say

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WESTPORT — New houses in Westport are in high demand, selling nearly as fast as builders can finish them, according to local real estate agents.

Data from Westport’s Planning and Zoning Department shows there were 63 new builds in Westport in 2022, down slightly from 2021’s 76. There were 57 in 2020, 49 in 2019 and 62 in 2018. 

The pace of new construction in Westport is on the high side compared to other communities in Fairfield County. Compared to Darien, Fairfield and Greenwich, the data varies. In 2022, Darien had 29 new builds and Greenwich had 71, with numbers not yet available for Fairfield. In 2021, Darien had 34, Fairfield had 48, and Greenwich had 60.

Mary Ann Lindwall, an agent with the Riverside Realty Group, said there were 20 single-family, new construction listings on the market in Westport as of Jan. 5. The average price of these listings are $4.4 million, ranging from $1.8 million to $9.4 million.

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

“It’s just one of the most sought-after areas in Fairfield County,” Vanderblue said.

Vanderblue added that builders know that they will turn a profit in Westport, which makes it a hot spot for them. 

She described the area as “eclectic,” as there are properties varying in prices across new builds. 

“You might have a $4 million property next to a $1 million property,” Vanderblue said. 

The numbers bear that out. Lindwall said there are 56 current listings in town, including the 20 new homes. Of the 472 residential real estate sales in 2022, the average selling price was just over $2.2 million. New construction though averaged $3.2 million for 48 sales.

Deputy Planning and Zoning Director Michelle Perillie said that the population is remaining generally unchanged because the new homes being constructed are replacement homes. 

Vanderblue agreed. She said when she works with builders, they also try to use as much of they can from an older house and rebuild it, also known as a replacement home, which can save money. 

Lindwall added new builds tend to not be custom homes, as builders cannot make as much money with those types of properties, especially with cost changes in the supply chain. 

Vanderblue said she thinks that people are moving to Westport and the market is trying to keep up with the demand.

“There’s really not a whole lot of inventory for what the demand is, and some of those are not even built yet,” Vanderblue said. 

kayla.mutchler@hearstmediact.com



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