Please wait ...
William Raveis Real Estate - Stamford
Mobile: 1-203-667-2720 Office: 1-203-667-2720Website Agent Listings Contact Tony Curcio, Broker
Coldwell Banker Realty
Mobile: 1-203-253-4629 Office: 1-203-253-4629Website Agent Listings Contact Joanne Tambascio
Affordable rentals in Westport are available for you and your family! They can hook you up with a property for rent in Westport, an apartment, studio, fancy house, or townhome. Contact expert local real estate agents in Westport CT to lease a cost-effective property downtown or in the suburbs! Give top-ranked local realtors in Westport CT a call today to get the latest news on rental units in the city!
Home sellers must have heard that real estate prices have escalated recently. You can obtain a substantial return on investment rate if you decide to sell your property in Westport now. For this reason, we advise you get in touch with realtors in Westport CT. They will represent your financial interests best. You can also rely on them during the entire duration of the property sale! Trustworthy local real estate agents in Westport CT will give you a fair assessment of your home’s worth. Secondly, real estate listings and marketing your assets are their specialty. In addition, you can trust them with organizing home inspections and conducting open houses. Sell your real estate at top price and, more importantly, without hassle!
Whether you wish to buy, sell, or rent real estate in Westport, skillful realtors in Westport CT should be your best bet!
It’s a fact that the median home sale prices rarely dropped below one million USD during the last three years. However, real estate indeed went haywire in March 2022. At this time, the median property sale price was (embrace yourself) approximately $2,410,000! In one month, properties in Westport increased by about 900K since February 2022. Local real estate agents in Westport CT reported real estate prices have grown by around 90 percent compared to last year’s numbers. Furthermore, homes in Westport sold around 300 percent higher than the average Connecticut house as of late 2021. Rentals in Westport are also pricier than the state average by about 66 percent.
Home sellers will have to wait approximately 60 days to sell their property. Still, the good news is that particular homes receive multiple offers and can sell two-to-six percent above the list price. Under such circumstances, realtors in Westport CT labeled the local housing market moderately competitive. Those interested in buying real estate in Westport will have to devise a thorough investment plan.
There is a reasonable explanation why real estate prices in Westport sky-rocketed. Let’s take a glimpse behind the economic curtains, shall we? As of 2021, the unemployment rate in Westport was about 8.2 percent, slightly above the US average of six percent. Predictions of future job growth are optimistic yet beneath the national average. The median income of an average citizen in Westport is $91,000 instead of the $29,000 US median as of 2021. Besides, in 2021 a resident’s median income was approximately $152,000 (as a reminder: the national average was $53,500.) Conversely, Westport’s average cost of living is also above the national average by about 130.5 percent.
Primarily, the financial services industry is prevailing in the region. Even out-of-towners commute to Westport for well-paying jobs at such firms as Bridgewater Associates, Canaan Partners, and BNY Mellon. Additionally, the leading industries in the city include professional, technical, and scientific services, retail trade, and manufacturing industrial supplies (see Terex.). Also, you can find innovative ways to build a career in the educational, healthcare, and social assistance industries.
Westport is located in Fairfield County. It lies along the Long Island Sound, the tidal estuary of the Atlantic Ocean, and within the Connecticut Gold Coast. Westport’s population counted around 27,000 locals according to the most recent census. Its total area amounts to 33.45 square miles. However, almost half of it is water, so you’ll have access to recreation activities and water sports, for instance, paddleboarding and kayaking.
Realtors in Westport CT, will first recommend exploring the downtown area. It mixes the New England coastal city charms with genuine cosmopolitan vibes. Get ready for a fantastic shopping and dining experience. The downtown mall, called Saugatuck, will undoubtedly live up to your expectations. Then, you must see Sherwood Island State Park, featuring a mesmerizing beachfront and a wetland with vivid wildlife. Your next stop should be Compo Beach which showcases numerous sports fields, such as basketball and volley courts, a skate park, and a softball arena. Suppose you’re a wildlife fanatic. In that case, Earthplace, this family-friendly sanctuary, shall be a blessing. Discover an unspoiled nature in the company of exotic animals. You can enjoy local talents on stage at the Westport Country Playhouse or the Levitt Pavillon for the Performing Arts in the evenings. The city successfully caters to every taste and interest. Why don’t you embark on this adrenaline-fuelled roller-coaster ride in Westport?
Westport housing market features increased home prices, and it won’t be everyone’s cup of tea. However, moving to Westport, Connecticut, is a jackpot from an economic point of view. If you can find a vacant position in the city, don’t hesitate to take it! The town comes with countless perks. Did you know that the crime rates in Westport are about half of the Connecticut average? Plus, the public school system is exceptional. As a result, it has received national accolades and has been called the number one educational system in Connecticut!
The city is an ardent advocate of a healthy lifestyle and provides its citizens with many sports amenities (for instance, at Longshore Club Park.)
As we mentioned earlier, many home buyers and job-seekers have opted to move to Westport due to its advantageous location. The city is close to Newark, New Haven, Hoboken, and Princeton. In addition, you’ll have quick access to major airports, such as Laguardia, JFK International, and Westchester Airport. Thus, national and international flights are straightforward. Proximity to essential facilities isn’t the only benefit. Once you relocate to Westport, you’ll soon learn that the city cherishes its local artists and designers. So, you can participate in world-class cultural and artistic events and festivals. In short, Westport pursues the greatest cosmopolitan dreams, and so far, it has completed its mission wonderfully.
Besides higher housing expenses and expensive cost of living, the city often struggles with traffic congestion, especially in the peak tourist season.
Moving and living in Westport has certain downsides indeed. However, the advantages certainly outnumber the disadvantages. Moreover, the best local real estate agents in Westport CT, ensure that they will be by your side all the way through!