What Does Your Money Buy in the Current Market for Westport New Construction?

Generally speaking, entry-level new construction in Westport falls around the 1.6 – 1.8 million range – typically a 5,000 sf (finished sf), 5-6 bedroom home on a quarter to a third acre. Between 1.9 and 2.5 million, a buyer should be able to acquire a 6,000+ sf, 5-6 bedroom home on a half-acre parcel with room for a pool. Spending 2.6 – 2.9 million, a buyer will get a similar or slightly larger 6,500-7,500 sf 6 bedroom home on a level acre in a good neighborhood. Between 3 and 4 million, premium new construction will offer 7500-8500 sf, 6 bedrooms, special features such as 10’ ceilings and swimming pools, and beautiful level acre properties on choice streets. The beach area, as usual, is a bit different with smaller parcels supporting homes with less square footage that sell at a premium due to the beach location.

 

Today almost all new construction homes come finished on 3 or 4 levels. When looking at the square footage in any MLS listing, read it carefully to determine if the square footage is spread over 3 or 4 finished levels. This will help you gauge the size of the footprint of the house for comparison purposes. The same square footage on 3 levels, vs. 4 levels, usually means a larger overall house, with the extra unfinished space, usually in the attic, unfinished. Larger one-acre parcels support a larger footprint. Smaller parcels, and beach properties, support a smaller footprint. Building out all 4 floors will often give you the same finished square footage, however, as a home on a larger lot.

 

For more information, refer to our previous post entitled “New Construction Market Update: Winter 2013″

 

 

WBCH is the exclusive sales agent for premier Westport building firm Bluewater Home Builders. Offering spec as well as custom homes, Bluewater would be happy to meet with you to discuss their upcoming spec projects or customizing one of their upcoming projects to reflect your personal vision, or creating an all-new custom home incorporating all of your preferences in a new home!