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Newspaper
Fairfield Minuteman
Location
Fairfield, Connecticut, United States of America
Date
Oct 07, 1999
Page
25
Fairfield buyers flock to waterfront sites chasing location over existing houses. Realtors report ranches converted to colonials and buyers paying up to 700 000 for knockdowns to rebuild. Compo Beach attracts despite flooding as a steady market driver.
Westport and surrounding towns see a brisk market for waterfront and scattered-location houses. Buyers pay top dollar, with examples of a $1 million Hillspoint Road listing and a buyer offering $975,000 on first listing day. Fairfield offers more affordable options near universities and strong schools. The region’s market remains hot as prices rise and sales volume climbs.
Worth Magazine ranks several towns in the Fairfield West port area among the 250 richest in the United States. Westport sits at 81 with a median sale price of 576000, Weston at 95 with 555000, Easton at 184 with 420000, and Southport at 196 with 404800.
The Better Business Bureau cautions consumers about lure of luxury car auctions priced suspiciously low and impulse attendance. It warns against paying for bogus insider guides that promise access to federal government auctions, noting such guides often contain generic info and can be obtained free or cheaply from the government.
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