STONINGTON—Pandemic or not, the island housing market is so hot that people are buying houses without setting foot in them, say local real estate agents. And they’re getting into bidding wars over the properties.
“It’s still a very young season, and we’re seeing multiple competing bids,” said Morgan Eaton, owner of The Island Agency, in an interview at a home she’s listed for $1.09 million on Stonington’s waterfront.
Laura Farr, real estate agent for the Acadia Realty Group, said she’s seeing the same thing.
“They’re buying properties sight unseen,” said Farr in a phone interview. She said high-end properties are now selling, which they haven’t done for a while.
In perhaps an unforeseen consequence of the COVID-19 pandemic, stay-at-home orders have made people want a new home, said Eaton. When you can’t go anywhere but home, you become keenly aware of your space, she said.
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