6 Reasons Now is the Right Time to Buy Rowayton Real Estate

One of the nicest places on the East Coast to live and raise a family is the beautiful lighthouse state of Connecticut. Of all the neighborhoods in this state, one of the best, booming seaside areas is Rowayton, a historic community with gorgeous landscapes and quick access to the famous Norwalk. Here are six reasons why you should purchase a home in Rowayton today!

As of March 2022, less than 20 Rowayton homes are for sale. Connecticut had a supply and demand issue, where there are many more people wanting to move to this area than there are houses on the market. With the lowest price on the Rowayton market at $500,000, with the highest at $3.5 million, most properties for sale are the more expensive ones, while the lower-priced homes get snapped up in mere days. This makes it difficult for people to grab a Rowayton home of their own without running into a steep competition.

 

While Norwalk, the city where Rowayton resides, isn’t the most expensive city in Connecticut, it’s getting pretty close at a $765,719 average price. And as the years go on, Norwalk and Rowayton, CT real estate are only getting more popular (to the point some people call this area the fastest growing in Connecticut), so you should think about purchasing a home here before the entire market gets shut out by heavy demand. 

With remote jobs more popular than ever, you have more opportunities to move somewhere lovely on the coast and change your family’s lives for the better. Living in Rowayton, you can take your kids to the beach for a cozy afternoon or send them to some of the best schools in the nation. After all, Connecticut schooling is ranked sixth in the country by US News.

Near your Rowayton real estate, Rowayton High School is in the top 50% of schools in the state and the top 20% in the entire US (yes, Connecticut schools are just that good). Also, if you prefer the private school route, the All Saints Catholic School in Rowayton is even better — it's among the top 20% of Connecticut schools.

Whether you’re enriching your family’s minds or quality time, living in Rowayton sooner rather than later will be better for your family life.

Given the current state of the world, many supply and demand systems have been backed up. That includes home-building. Most people try to save money on renovations and build their dream home by building a newly constructed property, but with current construction costs the highest they’ve been in 50 years, that plan doesn’t make as much sense as before.

Instead of buying a plot of land and trying to build your own home, you’ll likely be better off purchasing one of the rare Rowayton homes for sale. After all, if you wait a few months to build a home instead of buying one now and costs continue to rise, a newly-constructed home might cost a lot more than an older, market-ready home.

Rowayton, Connecticut, is a rare place in the United States full of natural beauty, arts, and history. It’s the kind of community where any young professional can find a place to belong, families grow, and retirees can relax. The bustling local farmers’ market and many seaside yacht clubs are available to enjoy the coastal city and its incredible seafood.

To be more specific, from a historical standpoint, Rowayton offers a Civic Association, a Historical Society, and the Rowayton Library. You can participate in deep dives into your area’s rich history or meet up with people who have lived it! Arts also have a dynamic role in Rowayton — the Rowayton Arts Center holds many groups and events throughout the year, including some of its members contributing to an annual Shakespeare play in Pinkney Park. Rowayton also attracts artists, including the famous 18th-century landscape painter John Frederick Kensett, who made masterpieces of these East Coast shores.

 

 

Enjoy Witch Lane Park, Bayley Beach, or Gateway Park if the outdoors are more your style. Rowayton offers tons of relaxing and nurturing natural wonders.

For food, don’t miss out on the local classics of Rowayton Pizza, Brendan’s 101 for ice cream and more, and Rowayton Seafood for, well, the best seafood! With such a cozy community, many local businesses thrive in this neighborhood.

Purchase Rowayton real estate this season — don’t miss out on such a unique, historical, and communal place to call home.

A critical aspect of the home buying process are the interest rates available for mortgage loans. The state average for interest rates sits at a cozy 3.85%. For people who have been obsessing over interest rates for the past couple of years, that might seem high, but when compared to the past decade or so, anything under 4% is relatively low. Currently, the national average is 4.2%, so Connecticut is doing great in that respect.

However, the interest rates will rise over the coming months, so you’re better off purchasing Rowayton real estate sooner rather than later. 

Not only is Rowayton in high demand, but so is greater Norwalk. So, if you want a quieter life but access to that beautiful East Coast city-style, there’s no place better than homes for sale in Rowayton.

 

 

Some of the great places you can enjoy in Norwalk are The Maritime Aquarium, SoNo, Sheffield Island Ferry, Oyster Shell Park, the Norwalk Boat Show, and more. The longer you wait to buy a home, the less time you’ll get to enjoy the wonders of Rowayton and Norwalk.

When you’re ready to take the next step and start looking at homes for sale in Rowayton, Connecticut, reach out to one of the trusted local agents on the Munro Team for expert guidance.