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December 2007


REAL ESTATE

Deeds & Don'ts

(Page 3 of 6)

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"People who relocate to the area for jobs are a constant. We always have young families looking for a home in the suburbs because they're priced out of the New York City housing market, which has remained strong," she says. "There are also people who are looking to move within their same town, sizing up or down. And then there are the super-rich, who just aren't affected by market downturns," she concludes. "We've had a very good year."

It's reports like these that make an already-strong market even more of a magnet. After all, if housing values in Westport (and New Canaan and Rowayton, to name a few more) are holding their own in this market, then they must be recession-proof, or so the reasoning goes. In fact, according to brokers the biggest problem in these towns is a lack of fresh listings due to the fact that homeowners who aren't forced to sell right now appear to be waiting out the downturn. Here's a survey of new listings in our area's most stable markets.

Saugatuck Shores Bungalow, Westport
$1.06 million

O.K., this place is seriously sweet: a beach bungalow that has been stylishly renovated by Healing Barsanti, the interiors firm that presides over two HB Home stores, in Westport and Greenwich. Indeed, HB partner Pat Healing's Southport home has been featured in this magazine, a shrine to her exquisite way with clean-lined furnishings, coastal colors and high-end furnishings and fixtures. This listing presents that vision but is edited for a 1,500-square-foot home—with no luxe amenity spared. The kitchen, for instance, is equipped with a Viking stove, Miele dishwasher and white Italian marble counters. Called "Cloud 9" by owner Pam Wall—who is its listing agent as well—the home also offers three porches, one of which is fitted with floor-to-ceiling drapes "that sway in the breeze like being at the Delano in Miami," she says.

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