JUST LISTED. INCREDIBLE TRANSFORMATION. THE PICTURE OF PERFECTION

THIS 5200 SQ FT COLONIAL IS FRESH ON THE MARKET AND WILL NOT LAST LONG. EVERY DETAIL HAS BEEN THOUGHFULLY IMPLEMENTED RESULTING IN A HOME OF STYLE, DESIGN, QUALITY AND LOCATION. THE PICTURE PERFECT PROPERTY IS OPEN AND MANICURED COMPLETE WITH SWIMMING POOL WITH POWER SAFETY COVER, CHILDRENS PLAY AREA AND SPORT COURT. THE NEW ADDITION INCLUDES A THREE CAR GARAGE, UNUSUAL MUD ROOM/SERVICE AREA AND FULL BATH. THE MASTER SUITE IS SPACIOUS WITH WALK IN CLOSET AND NEW MARBLE BATH. THE KITCHEN IS TOTALLY UPGRADED WITH ALL NEW APPLIANCES. MOVE RIGHT IN, PLACE YOUR FURNITURE AND JUMP IN THE POOL. $2,395,000

New Canaan Real Estate Activity August 11, 2008 through August 17, 2008 (Residential Only)

MICHAEL PHELPS OLYMPIC CHAMPION

New Listings



11 Park Lane $2,10,000 (relisted)
687 Carter St $2,395,000
184 Lukes Wood Rd $3,20,000



Pending Sales



931 Ponus Ridge Rd $2,495,000
81 White Oak Shade $2,495,000
214 Talmadge Hill Rd $2,799,000



Homes Sold



30 Sunrise Ave $703,000
68 Orchard Dr $800,000
44 Hickok Rd $1,175,000
35 Thayer Pond Rd $1,250,000
927 New Norwalk Rd $1,680,000
22 Ponus Ridge Rd $2,117,200
47 Shagbark Dr $2,480,000

New Canaan Real Estate Activity August 4, 2008 through August 10, 2008 (Residential Only)

New Listings

30 Mariomi Rd $1,611,000 (relist)
68 Ludlowe Rd $2,599,000
111 Hawks Hill Rd $2,695,000 (relist)

Pending Contracts

36 Mortimer St 747,000
110 Glen Dr $1,375,000
401 Cedar Lane $1,649,000
22 Ponus Ridge Rd $2,350,000

Homes Sold

50 E. Maple St $1,765,000
113 Oenoke Lane $2,635,000
82 Canoe Hill Rd $3,095,000
181 Lambert Rd $3,225,000
392 Greenley Rd $3,912,500
348 Canoe Hill Rd $4,225,000
515 Carter St $5,200,000

New Canaan Real Estate Activity July 28, 2008 through August 3, 2008 (Residential Only)

New Listings

20 Mortimer St $899,000
348 White Oak Shade Rd $995,000
458 N. Wilton Rd $1,295,000
274 Buttery Rd $1,299,000
947 Smith Ridge Rd $1,395,000

Pending Contracts

268 Briscoe Rd $1,295,000
35 Thayer Pond Rd $1,329,000
50 E. Maple St $1,899,500
75 Louises Lane $2,725,000
372 Greenley Rd $4,695,000
36 Bennington Pl $6,650,000

Homes Sold

202 Main St $1,280,000
37 Fox Run Rd $1,150,000
109 Beech Rd $1,544,250
178 Skyview La $1,690,000
126 Wellesley Dr $1,681,500
257 Marvin Ridge Rd $1,735,000
392 South Ave $1,826,500

New Canaan Real Estate Activity July 14,2008 through July 27, 2008 (Residential Only)

New Listings

51 Birchwood Lane $749,000
185 Old Norwalk Rd $769,000
5 Down River Rd $1,049,000
488 Carter St $1,575,000
60 Deep Valley Rd $1,650,000
216 Carter St $2,700,000
57 Welles Lane $3,350,000
34 Lone Tree Farm Rd $3,450,000
131 Thayer Pond Rd $5,495,000 (relisted)
884 Oenoke Ridge Rd $6,850,000

Pending Contracts

146 Forest St $789,000
25 Meadow Lane $995,000
268 Briscoe Rd $1,295,000
35 Thayer Pond Rd $1,329,000
58 Briscoe Rd $2,450,000
1137 Smith Ridge Rd $2,490,000
47 Shagbark Dr $2,580,000
181 Lambert Rd $3,750,000

Homes Sold

34 Brookwood Lane $1,150,000
381 Old Stamford Rd $1,225,000
19 Clapboard Rd $1,300,000
38 Harrison Ave $1,300,000
408 South Ave $1,575,000
225 Marvin Ridge Rd $1,774,500
370 Oenoke Ridge Rd $2,400,000
93 Harrison Ave $2,575,000
16 Hemlock Hill Rd $3,550,000

A more positive look at the housing market from Larry Kudlow of CNBC

The Media Are Missing the Housing Bottom
by Larry Kudlow
Media reports painted a pessimistic picture of today’s release on existing home sales, which fell 15 percent from a year ago and recorded higher inventories. But inside the report was an awful lot of very good new news, which appear to be pointing to a bottom in the housing problem; in fact, maybe the tiniest beginnings of a recovery.
For example, the median existing home price has increased four consecutive months and is up 10 percent since February. Yes, it’s down 6 percent over the past year. But the monthly numbers show a gradual rebound. Actually, this median home price is $215,000 in June, compared to $196,000 last winter.
And there’s more. One of the hardest hit regions is the West, including California, Arizona, and Nevada. The other two bad states are Florida and Michigan. However, existing home sales in the western region are up four straight months, and are 17 percent above the low in October. At the same time, prices in the West have increased three straight months.
Meanwhile, overall national existing home sales are basically stabilizing at just under five million. And in the first and second quarters of 2008, these sales dropped slightly by 3 percent in each case, which is a whole lot better than the roughly 30 percent sales drops of the prior three quarters.

© 2008 CNBC, Inc. All Rights Reserved

New Canaan Real Estate Activity July 6, 2008 through July 13, 2008 (Residential Only)

New Canaan Market Status Update
As of today, there have been 92 closings this year as compared to 145 in 2007 representing a 37% decrease in transactions. There are currently 255 homes on the market in New Canaan and another 39 in pending contracts.

New Listings

697 Cheesespring Rd $899,000
130 Brooks Rd $1,450,000
100 Tobys Lane $2,995,000
20 Ogden Rd $3.495,000

Pending Contracts

68 Orchard Dr $849,000
38 Harrison Ave $1,375,000
392 South Ave $1,980,000

Homes Sold

1037 Valley Rd $1,232,500
44 Heather Dr $1,307,500
17 Toquam Rd $1,571,500
95 Colonial Rd $1,762,000

OPEN HOUSES IN NEW CANAAN SUNDAY JULY 13, 2008 1-4PM

47 Shagbark Drive
$2,695,000
Classic New Construction
http://www.newcanaanresidence.com/




236 South Bald Hill
$3,890,000
Magnificent New Stone Manor
http://www.newcanaanexceptionalproperty.com/

New Canaan Real Estate Activity June 29, 2008 through July 6, 2008 (Residential Only)

New Listings

71 Richmond Hill Rd $1,349,000
103 South Ave $1,395,000
80 Forest St $1,499,000
514 Weed St $2,995,000

Pending Contracts

36 Mortimer St $747,500
68 Orchard Dr $849,000
381 Old Stamford Rd $1,250,000
114 Rocky Brook Rd $1,675,000
255 Marvin Ridge Rd $1,825,000
292 Brushy Ridge Rd $2,375,000
58 Briscoe Rd $2,450,000
180 Marvin Ridge Rd $2,995,000

Homes Sold

26 Drummond Lane $1,146,000
32 Colonial Rd $1,235,000
232 Jonathan Rd $1,330,000
401 Brushy Ridge Rd $2,500,000
58 Greenley Rd $3,300,000
1578 Ponus Ridge Rd $5,200,000

New Canaan Real Estate Activity June 23, 2008 through June 29, 2008 (Residential Sales Only)

New Listings

25 Meadow Lane $995,000

985 New Norwalk Rd $1,299,000

59 Snowberry Lane $1,495,000

216 Old Norwalk Rd $1,749,000

72 Wellesley Dr $2,499,000

201 White Oak Shade Rd $2,950,000

574 Cascade Rd $4,675,240 (relisted)

Pending Sales

37 Fox Run Rd $1,299,000

180 Jonathan Rd $1,695,000

257 Marvin Ridge Rd $1,795,000

Homes Sold

85 Douglas Rd $1,095,000

39 Grace St $1,200,000

155 Weed St $1,275,000

233 Mill Rd $1,465,000

46 Benedict Hill Rd $1,500,000

29 Hawks Hill Rd $1,940,000

25 Apple Tree Lane $2,690,000

Just Listed Waterfront Property in New Canaan $3,000,000

Once in a lifetime opportunity to purchase a property with high sweeping views of New Canaan's reservoir. Enjoy breathtaking views in all seasons from this rare 4 acre property surrounded by privacy and serenity. Design and build your own dream estate right here in New Canaan. For the very special buyer who expects only the best. Perc testing complete and septic approved for 7 bedroom home.

Grand Opening This Sunday 6/29/08 1-4pm

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Just Listed

Stone Colonial Manor

New Construction at its Finest

236 South Bald Hill Road

New Canaan, Ct

$3,890,000

Over 9,000 sq ft of quality and design, this highly detailed and thoughtfully designed residence spans 4 finished levels that encompasses 5 bedrooms, each with its own bath and also 3 half baths. The first floor has 10 ft ceilings. The richly appointed mahogany library has ample builtins and cabinets as well as a handsome marble fireplace. The master suite has a separate sitting room with fireplace, walk in closet with maple cabinetry and a luxurious master bath.

There is a third floor finished bonus room and the lower level is completely finished with exercise room, home movie theater, wine cellar, mechanical room and bath. Set on an incredibly beautiful property with an expansive 2.27 acre level and private rear yard, this home has a three car attached garage, wood roof, handsome stone terrace off the kitchen, a whole home integrated digital system and much more. A masterpiece of design and construction priced to sell at $3,890,000.