What You’ll Pay
Home prices in Rowayton range from around $500,000 to about $7 million, said Kim Cannon Hyde, an agent with William Pitt Sotheby’s International Realty. Lower priced properties tend to be to the north, near the train station, she said, while “you are going to pay a premium to be on the water, and you are going to pay a premium to be in town.”
As in many areas, prices have jumped during the pandemic — “by about 32 percent from the end of 2020 to the end of 2021,” Ms. Gatt said. “Inventory is historically low. People are just waiting for things to come on.”
Based on information provided to and compiled by SmartMLS, Inc., as of March 14, there were 11 single-family homes on the market, from a 1,782-square-foot, three-bedroom raised ranch built in 1976 on 0.18 acres and listed for $725,000 to a 6,787-square-foot, six-bedroom farmhouse built in 1872 on 0.2 acres and listed for $3.495 million. There was one condominium for sale, a 4,549-square-foot four-bedroom listed for $2.495 million. There were no multifamily homes on the market.
As for rentals, there were three single-family homes available: an 1,800-square-foot four-bedroom for $4,200 a month, a 2,088-square-foot four-bedroom for $9,000 and a 3,678-square-foot four-bedroom for $14,000.
The median sale price for a single-family home during the 12-month period ending March 14 was $1.6 million, up from $1.3 million over the previous 12 months. The median sale price for a condominium was $2.375 million, up from $1.175 million over the previous 12 months. The median monthly rental was $8,000, down from $9,750 during the previous 12 months.
Only one multifamily house sold during the past 12 months, for $1 million; none were sold during the previous 12 months.
Source: | This article originally belongs to Nytimes.com
