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Tavern tycoon buying property registration#
City records list the owner as a limited liability company for which the Connecticut Secretary of State’s office listed no online registration papers as of last week. Norwalk’s most-expensive current listing is a familiar one to luxury real estate agents in Connecticut - a waterfront mansion in the gated Wilson Point enclave that was once owned by Carl Kuehner, CEO of Building and Land Technology, which has been the lead developer of Harbor Point in Stamford and more recently The Curb in Norwalk.Īfter finding a buyer last August for the Valley Road home - at a sale price of $6 million, only half the home’s original listing price in 2016 - the new owner is now looking to flip the property for $7.65 million. In Norwalk, a Hamptons-style house on Shorehaven Road bumped a Rowayton condominium as the top sale in Norwalk since the advent of the pandemic, selling for $6.9 million at just under its original asking price. But that was not across the board, regardless of price segment. On average, however, sellers in all five municipalities got more than their asking prices.

Only in New Canaan did momentum continue into July, with sales up nearly a quarter that month and the town seeing a 70 percent increase in transactions on the year to date. Wilton sales are up 40 percent, despite a July drop-off. Darien sales were flat from July 2020, but remain up 30 percent from the first seven months of last year. That has helped boost prices in adjacent communities like Norwalk, New Canaan and Wilton, Breunich said.ĭespite a July when sales were down nearly a third from a year earlier, Westport sales remain up 14 percent on the year. “There’s still a lot of demand, but if prices get out of whack they are going to go to the areas where they feel are priced properly.” A $9M flip falls flat “I think pricing is going to start to stabilize - which we knew it was going to sooner or later, because they cannot just keep on increasing,” Breunich said. Paul Breunich, CEO of William Pitt Sotheby’s International Realty, said sellers continue to believe their homes are worth more today than at the outset of the pandemic, but some are cutting their asking prices to get a deal done by autumn. They ranged from a pair of condominiums in the Foxboro Court complex, to a small Scofield Place house near the Westport line dating back to the Great Depression. Between January and July, nearly 780 homes sold in Norwalk for a 32 percent increase from the first seven months of 2020 as reported by Berkshire Hathaway HomeServices New England Properties.īut in the month of July itself, sales were down slightly from a year ago and new listings were down more than 10 percent.įor the first seven months of 2021, the median Norwalk home sold for $470,000, with eight total selling for that amount this year.
