![]() ![]() Homes in the beach areas “are really hot, and prices have been shooting up,” said Andrew O’Reilly, an agent with Seaport Real Estate Services. “But it’s still a good market for sellers, because the buyers that are out there are strong and ready to go.” “Houses are lingering a little longer on the multiple listing service because we are seeing fewer buyers,” said Rose Ciardiello, an agent with William Raveis Real Estate. The median price for a condominium was $530,000. The median sale price for a single-family home during the 12 months preceding mid-July was $639,000, she said. ![]() “However, there is still a lot of activity with multiple offers. “The market is a bit slower than last year, due to rising interest rates and low inventory,” said Sharon Linder, an agent with Berkshire Hathaway HomeServices New England Properties. In late July, there were about 20 active listings for single-family homes, from a one-bedroom, 600-square-foot cottage in a beach association, listed for $469,000, to a four-bedroom, 5,500-square-foot waterfront home on 3.5 acres, listed for $4.8 million. Residents pay taxes to the town and the borough, which strictly monitors changes to properties in its historic district and limits the times when construction and yard maintenance may be done.Īs in most places these days, housing inventory is low in Old Saybrook. Fenwick began as a summer retreat for Hartford’s elite in the late 19th century, and is home to some of the town’s most expensive properties. Big-box stores and car dealerships dot Route 1, which cuts east-west through town.īelow Route 1 are Saybrook Point, which has a public park with a waterfront walkway and miniature golf, and the borough of Fenwick, which occupies the peninsula at the mouth of the river. ![]() The broad avenue that is Main Street is lined with restaurants, shops and specialty markets. And as people retire, they live in them year-round.” “Now, many of those houses have been winterized. “It’s a place where middle-class people built cottages generations ago and left them to their kids,” said Bart Gullong, 75, who grew up in Old Saybrook, as did his father. The year-round population of roughly 10,000 skews older, with a median age of 52, compared with the statewide median of 41. ![]()
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