FAIRFIELD COUNTY, Conn. – New construction in Fairfield County providing spacious houses for wealthy buyers is making a comeback after a quiet market due to the recession, reports the New York Times .
According to the report, there is a high demand around the county for properties to tear down to make way for new construction -- which is directly in competition with buyers looking for older homes. the Times said.
Builders in Westport will pay more than $1 million for a teardown, and $2 million near the water in Westport, according to the New York Times. Another hot spot for builders is in New Canaan, the Times said.
Click here to read the full report at the New York Times.
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