Sunday, October 4, 2009

New Canaan Real Estate Market Activity Third Quarter Summary


NEW LISTING. NEW CANAAN'S CUTTING EDGE "GREEN HOUSE" NOW FINISHED AND LISTED FOR $3,795,000. GRAND OPENING TO BE SCHEDULED SOON.

The real estate market has picked up substantially after the dismal first quarter, however, statistics show that the decline from 2008 numbers are still significantly down.

The average price of sold homes this year as of September 30 was $1,745,705, representing a 20% decline from the average sold price in 2008 of $2,180,838.

The number of sold homes is also down from 149 last year to 114 this year, representing a decline of 24%.

The average days on the market to date this year is 193 with a list to sell average of 88.9%

There are currently 257 homes on the market right now and there are 24 that are pending.

The following homes went pending in the last week

49 Parting Brook $849,000
6 Parish Rd South $1,388,000
161 Skyview Lane $1,395,000
87 South Bald Hill $2,295,000
1484 Oenoke Ridge $2,495,000
226 Buttery Rd $3,595,000
119 Clearview Lane $4,250,000

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