NEW LISTING IN TOWN - ADORABLE VICTORIAN IN NEW CANAAN

36 HOYT STREET, NEW CANAAN, CT

STEPS FROM THE VILLAGE ON A PICTURESQUE CORNER WITH STONE WALL

TOTALLY REMODELED WITH NEW KITCHEN, 2 1/2 BATHS, 3 BEDROOMS, OFFICE AND DETACHED GARAGE

PROFESSIONALLY LANDSCAPED YARD WITH SPECIMEN TREES

AND A 200 YEAR OLD COPPER BEACH IN THE FRONT YARD

$949,900

VISIT WWW.36HOYTSTREET.COM

New Canaan Real Estate Activity September 1, 2008 through September 7, 2008 (Residential Only)

Hurricane Hanna is gone but Ike is coming!








New Listings
914 Silvermine Rd $799,000 (relisted)
36 Hoyt St $949,900
87 Juniper Rd $1,395,000
23 Braeburn Dr $1,795,000 (relisted)
1223 Oenoke Ridge Rd $1,995,000
56 Logan Rd $3,199,999 (relisted)
523 Oenoke Ridge Rd $3,500,000
226 Buttery Rd $3,995,000
2 Father Peters La $7,895,000

Pending Sales

41 Cedar La $895,000
97 Kimberly Pl $1,475,000

Sold

25 Meadow La $940,000
931 Ponus Ridge Rd $2,200,000
180 Marvin Ridge Rd $2,450,000

New Canaan Real Estate Activity August 25, 2008 through August 31, 2008 (Residential Only)

And The Race is On!

No New Listings

Pending Sales

71 Richmond Hill Rd $1,349,000
97 Kimberly Pl $1.475,000
62 White Oak Shade $1,575,000

Homes Sold

185 Old Norwalk Rd $725,000
42 Holly Rd $925,000
81 White Oak Shade Rd $2,275,000
1480 Ponus Ridge Rd $7,850,000

A Current Summary of the New Canaan Real Estate Market to date as of August 23, 2008

US Mens Volleyball Team Wins Gold


Residential Homes on the Market 233


Residential Sales to Date 2008 130
Residential Sales to Date 2007 203
Percent decline from 2007 to 2008 36%


Average Selling Price to date 2008 $2,200,523
Average Selling Price to date 2007 $2,326,233
Percent decline from 2007 to 2008 5.5%


Average Median Price to date 2008 $1,735,000
Average Median Price to date 2007 $1,800,000
Percent decline from 2007 to 2008 3.7%

*As of August 23, 3008

New Canaan Bank Foreclosed Estate Public Open House Sunday Sept 28 1-4PM

Incredible but true. Once in a decade opportunity to purchase a magnificent New Canaan estate on 7+ at deeply discounted price. This property is bank owned and just relisted on the market for the value concious price of $3,250,000. Please inspect this property on Sunday August 24, 2008 from 1-4Pm. All serious offers will be considered. Visit http://www.newcanaancountryestate.com/

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