Thursday, June 4, 2009

Is the New Canaan Real Estate Market Turning?


109 Sagamore Trail. A fabulous home on West Side Cul de Sac for $1,550,000

I am working hard each day but I see and note some changes to the positive of the local real estate market. Contracts are increasing, homes are selling, others are renting and my phone is ringing quite a lot with new buyers. Click on the title above to read the story in The New Canaan News Review which echos my preception.

Rental Season is Here. Even Timothy Geithner had to take a rental

The rental season is in full swing as some would be buyers have chosen to rent instead of buy. So far to date there have been 72 rentals contracted with another 12 about to finalize. During the same period last year, there were 62 rented.
Even Geithner, who tried to sell his Larchmont home this year for $1,650,000, entered into a lease for $7500 rather than leave it vacant. Click on the title above to read the story and see the house.

Sunday, May 31, 2009

New Canaan Real Estate Activity May 18 through May 29 (Residential Only)


Much more activity in the real estate market.
Over the last recent period, the market has showed positive signs of improvement.
While there were 19 new listings of homes in New Canaan priced from $785,000 to $3,395,000, their were also 15 pending contracts, a ratio that we have not seen in some time. Their were also 10 closed sales. Mortgage interest rates inched up a bit also. Is this the bottom of the market?

Pending Contracts

83 Parade Hill Rd $540,000
6 Leslie Lane $675,000
2 Wardwell Dr $999,000
219 Buttery Rd $1,185,000
4 Birchwood Dr $1,299,000
15 Snowberry Dr $1,299,999
144 Marshall Ridge $1,350,000
51 Mariomi Rd $1,395,000
118 Adams Lane $1,750,000
142 Long Lots Rd $1,795,000
73 Harrison Ave $2,095,000
175 Woodland Rd $2,099,000
71 Oak St $2,395,000
198 Middle Ridge $2,595,000
138 Lone Tree Farm $2,695,000

Homes Sold

47 Urban St $400,000
98 Millport Rd $475,000
150 Jelliff Mill Rd $567,000
47 Park Place $715,000
829 New Norwalk Rd $725,000
274 Buttery Rd $925,000
106 Briscoe Rd $1,000,000
24 Twin Pond La $1,300,000
146 Old Norwalk Rd $1,720,000
83 Lukes Wood Rd $3,850,000