PLEASE STOP BY AND VIEW THIS CLASSIC CONNECTICUT HOME.
IMMACULATE AND MOVE IN, THIS HOME IS THE PICTURE OF PERFECTION
VISIT WEBSITE http://www.383greenleyroad.com/
A serious and factual look into the housing market and homes for sale in New Canaan, Ct by Denise Gannalo,an experienced, trusted and knowledgable professional and Top Producer of William Raveis Real Estate for 15 years. WWW.NEWCANAANHOMES.BLOGSPOT.COM
Friday, October 24, 2008
Wednesday, October 22, 2008
BANK OWNED NEW CANAAN PROPERTY JUST REDUCED AGAIN
Bank owner says sell. Just reduced to $3,150,000, this property is an absolute value for the astute buyer. Visit website http://www.newcanaancountryestate.com/ or call me for a personal tour.
Monday, October 20, 2008
Jim Cramer sees end to housing slowdown in June
On June 30, 2009, Buy an Apartment
Our resident financial expert calls the end of the housing-market free fall to the day.
New York Magazine
By James J. Cramer Published Sep 7, 2008
For more than a year, I've been a huge bear on housing. From the moment the credit-crisis storm began to form, I've been shouting in my usual unhinged way about just how bad the devastation would be, and carrying on about how anyone who bought a home in this environment would lose money immediately. At various points along the way, my house-hating judgment has been questioned, but I'd say I've been vindicated by the relentless decline in home values we've seen, the worst since the Great Depression. Even here, in our so-called real-estate-superstar city, prices may not have fallen, but the rate of acceleration has started to soften.
These days, I don't know a soul who hasn't jumped on the real-estate-is-an-awful-investment bandwagon. When I interview the once-rabid bulls on housing—those who make their livelihood building and selling homes, like Bob Toll, the CEO of the best home builder in America, Toll Brothers—I get grim predictions of nary a turn in sight. When I pressed Toll recently as to whether he sees any light at the end of the tunnel, he quickly answered yes: "The light of an oncoming train!"
Well, I now have another contrarian point of view to proffer: The converted bears, as well as the panicked sellers desperate to bail out and nervous buyers afraid to jump in, will be dead wrong nine months from now, when housing prices bottom. In fact, I'll call the precise date of the housing-market turnaround. It will begin on June 30, 2009.
Let me give you ten reasons why everyone who now thinks there's no end in sight to weakening home prices will look like a fool in nine months and will miss the best opportunity to buy since the 1989–1991 real-estate crash.
1. Two years ago, we were building twice as many homes as in 2008, and the decline in new-home building is now accelerating. At this pace, we could see new-home construction fall an additional 25 percent, back to levels last seen when we had 60 million fewer people living in this country. By next June we won't be building enough homes to accommodate demand, and the gap between supply and demand won't be made up by unsold inventory.
2. The housing bears seem to forget that Congress passed a bill authorizing $300 billion in FHA loans, which give troubled homeowners a fighting chance to pay their mortgages or get current on them. By nine months from now, the FHA will have taken millions in terrible floating-rate loans with high interest rates and turned them into 30-year mortgages with much lower rates. That's going to reduce the number of foreclosed homes, and the supply of available homes, dramatically.
3. Bargains! Prices have already come down to the point where there are real values, and by June of next year, I believe real-estate prices will have fallen 25 percent nationwide from their previous highs, with some of the hardest-hit areas of the country down as much as 50 percent. At those price levels, homes will seem irresistible to the many millions of potential buyers who have stayed on the sidelines.
4. The last holdout area, New York, is nearing its bottom. The Wall Street brokerage houses will let employees know their bonus situations—or lack thereof—next month. Look for a further softening of prices in the city and even more so in the Hamptons, as hiring vanishes and Wall Street payrolls contract drastically. When the last areas fall, the bottoming process begins in earnest. By next June, Wall Street, and its power to drive down home prices, won't hurt us anymore.
5. Right now, mortgages are expensive relative to their historical benchmark, the 30-year Treasury note. By next summer, I believe that Fannie Mae and Freddie Mac will be nationalized to shore up their flimsy capital foundations. Once the loans that Fannie and Freddie repackaged are explicitly guaranteed by the government, they'll become the world's best investments, as they'll offer much higher yields than Treasury notes, with no more risk. That will cause a steep decline in mortgage rates, making it easier to borrow money and buy a home.
6. Come June, the bulk of the reckless 2-and-28 loans—the ones with the low teaser rates for the first two years that sucked people in and then reset at much higher rates, dragging people under—will have moved through the system. These loans have been the biggest source of foreclosed property, so the rate of foreclosures should decline sharply once those loans are off the books, tightening supply and soothing anxious buyers' nerves.
7. We may not think of ourselves this way, but we are still a growing nation: Four million babies are born each year in this country, vastly exceeding the nation's death rate. Household formation, meanwhile, has held steady at about 800,000 a year. Families have been camped in their apartments or crowding in with their in-laws for some time now. That pent-up demand is bound to find expression and put upward pressure on prices, as credit again becomes easier to get.
On June 30, 2009, Buy an Apartment
8. Immigration. It doesn't matter who gets elected, John McCain or Barack Obama. Both are much more immigrant-friendly than George Bush. Before W., we could reliably anticipate about 1 million illegal immigrants arriving each year, but that number's gotten a big haircut, in part explaining why Florida, Arizona, and California have been particularly hard hit by excess home inventory. Look for that to change, triggering an influx of new immigrants, and home buyers, starting on Inauguration Day and building as we head into mid-2009.
9. The biggest problem areas are now restricted to those three states—Florida, Arizona, and California. The rest of the country has begun to stabilize or is deteriorating at a slower pace than six months ago. The most problematic markets have been cordoned off, limiting the collateral damage.
10. Finally, the absolute worst areas, those with the highest foreclosures, like Bradenton, Florida, and the Central Valley of California, bottomed this summer. The first to fall are the first to return. If they're headed upward, the rest of the country will follow.
You can see these ten reasons playing out in the stock market, as the stocks of the major home builders—Toll, Centex, KB Homes, D.R. Horton, and Pulte Homes—flattened out in July and have been climbing since. These stocks peaked and started dropping nine months before the housing market began its tumble. If they predicted the top nine months before it happened, why shouldn't we believe they're forecasting the bottom nine months from now? The big home builders' stock prices have already made major moves north, but I expect more upside from KB Home and Centex, as they still have lots of unsold homes in inventory and decent enough balance sheets to hold out until we reach the bottom. For those who want to roll the dice, I suggest buying Lennar, the home builder that pulled its horns in last, took a beating, and could be poised for a strong recovery. Toll's already risen too much to recommend, and I'd steer clear of Hovnanian, which I think is still in too much trouble to touch right now.
Of all the areas I expect to boom next June, New York looks to be the most attractive because buyers from overseas will flock to it—even more than they already have. Just as the dollar appears to have bottomed, European real estate is starting to collapse. Foreigners will flee to this market as a safe haven, one that has already experienced the decline that they are just beginning to see. If you're a seller, hold tight if you possibly can. You're almost—almost—through the worst of the downslide. If you're a buyer, use the time between now and next June to scout in which neighborhood you might want to buy. On June 29, call your broker.
James J. Cramer is co-founder of TheStreet.com. He often buys and sells securities that are the subject of his columns and articles, both before and after they are published, and the positions he takes may change at any time. E-mail: jjcletters@thestreet.com. To discuss or read previous columns, go to James J. Cramer's page at nymag.com/cramer. Get all of James J. Cramer's stock picks via e-mail, before he makes the trades, by subscribing to Action Alert Plus. A two-week trial subscription is available at thestreet.com/aaplus.
hasEML = false;
Our resident financial expert calls the end of the housing-market free fall to the day.
New York Magazine
By James J. Cramer Published Sep 7, 2008
For more than a year, I've been a huge bear on housing. From the moment the credit-crisis storm began to form, I've been shouting in my usual unhinged way about just how bad the devastation would be, and carrying on about how anyone who bought a home in this environment would lose money immediately. At various points along the way, my house-hating judgment has been questioned, but I'd say I've been vindicated by the relentless decline in home values we've seen, the worst since the Great Depression. Even here, in our so-called real-estate-superstar city, prices may not have fallen, but the rate of acceleration has started to soften.
These days, I don't know a soul who hasn't jumped on the real-estate-is-an-awful-investment bandwagon. When I interview the once-rabid bulls on housing—those who make their livelihood building and selling homes, like Bob Toll, the CEO of the best home builder in America, Toll Brothers—I get grim predictions of nary a turn in sight. When I pressed Toll recently as to whether he sees any light at the end of the tunnel, he quickly answered yes: "The light of an oncoming train!"
Well, I now have another contrarian point of view to proffer: The converted bears, as well as the panicked sellers desperate to bail out and nervous buyers afraid to jump in, will be dead wrong nine months from now, when housing prices bottom. In fact, I'll call the precise date of the housing-market turnaround. It will begin on June 30, 2009.
Let me give you ten reasons why everyone who now thinks there's no end in sight to weakening home prices will look like a fool in nine months and will miss the best opportunity to buy since the 1989–1991 real-estate crash.
1. Two years ago, we were building twice as many homes as in 2008, and the decline in new-home building is now accelerating. At this pace, we could see new-home construction fall an additional 25 percent, back to levels last seen when we had 60 million fewer people living in this country. By next June we won't be building enough homes to accommodate demand, and the gap between supply and demand won't be made up by unsold inventory.
2. The housing bears seem to forget that Congress passed a bill authorizing $300 billion in FHA loans, which give troubled homeowners a fighting chance to pay their mortgages or get current on them. By nine months from now, the FHA will have taken millions in terrible floating-rate loans with high interest rates and turned them into 30-year mortgages with much lower rates. That's going to reduce the number of foreclosed homes, and the supply of available homes, dramatically.
3. Bargains! Prices have already come down to the point where there are real values, and by June of next year, I believe real-estate prices will have fallen 25 percent nationwide from their previous highs, with some of the hardest-hit areas of the country down as much as 50 percent. At those price levels, homes will seem irresistible to the many millions of potential buyers who have stayed on the sidelines.
4. The last holdout area, New York, is nearing its bottom. The Wall Street brokerage houses will let employees know their bonus situations—or lack thereof—next month. Look for a further softening of prices in the city and even more so in the Hamptons, as hiring vanishes and Wall Street payrolls contract drastically. When the last areas fall, the bottoming process begins in earnest. By next June, Wall Street, and its power to drive down home prices, won't hurt us anymore.
5. Right now, mortgages are expensive relative to their historical benchmark, the 30-year Treasury note. By next summer, I believe that Fannie Mae and Freddie Mac will be nationalized to shore up their flimsy capital foundations. Once the loans that Fannie and Freddie repackaged are explicitly guaranteed by the government, they'll become the world's best investments, as they'll offer much higher yields than Treasury notes, with no more risk. That will cause a steep decline in mortgage rates, making it easier to borrow money and buy a home.
6. Come June, the bulk of the reckless 2-and-28 loans—the ones with the low teaser rates for the first two years that sucked people in and then reset at much higher rates, dragging people under—will have moved through the system. These loans have been the biggest source of foreclosed property, so the rate of foreclosures should decline sharply once those loans are off the books, tightening supply and soothing anxious buyers' nerves.
7. We may not think of ourselves this way, but we are still a growing nation: Four million babies are born each year in this country, vastly exceeding the nation's death rate. Household formation, meanwhile, has held steady at about 800,000 a year. Families have been camped in their apartments or crowding in with their in-laws for some time now. That pent-up demand is bound to find expression and put upward pressure on prices, as credit again becomes easier to get.
On June 30, 2009, Buy an Apartment
8. Immigration. It doesn't matter who gets elected, John McCain or Barack Obama. Both are much more immigrant-friendly than George Bush. Before W., we could reliably anticipate about 1 million illegal immigrants arriving each year, but that number's gotten a big haircut, in part explaining why Florida, Arizona, and California have been particularly hard hit by excess home inventory. Look for that to change, triggering an influx of new immigrants, and home buyers, starting on Inauguration Day and building as we head into mid-2009.
9. The biggest problem areas are now restricted to those three states—Florida, Arizona, and California. The rest of the country has begun to stabilize or is deteriorating at a slower pace than six months ago. The most problematic markets have been cordoned off, limiting the collateral damage.
10. Finally, the absolute worst areas, those with the highest foreclosures, like Bradenton, Florida, and the Central Valley of California, bottomed this summer. The first to fall are the first to return. If they're headed upward, the rest of the country will follow.
You can see these ten reasons playing out in the stock market, as the stocks of the major home builders—Toll, Centex, KB Homes, D.R. Horton, and Pulte Homes—flattened out in July and have been climbing since. These stocks peaked and started dropping nine months before the housing market began its tumble. If they predicted the top nine months before it happened, why shouldn't we believe they're forecasting the bottom nine months from now? The big home builders' stock prices have already made major moves north, but I expect more upside from KB Home and Centex, as they still have lots of unsold homes in inventory and decent enough balance sheets to hold out until we reach the bottom. For those who want to roll the dice, I suggest buying Lennar, the home builder that pulled its horns in last, took a beating, and could be poised for a strong recovery. Toll's already risen too much to recommend, and I'd steer clear of Hovnanian, which I think is still in too much trouble to touch right now.
Of all the areas I expect to boom next June, New York looks to be the most attractive because buyers from overseas will flock to it—even more than they already have. Just as the dollar appears to have bottomed, European real estate is starting to collapse. Foreigners will flee to this market as a safe haven, one that has already experienced the decline that they are just beginning to see. If you're a seller, hold tight if you possibly can. You're almost—almost—through the worst of the downslide. If you're a buyer, use the time between now and next June to scout in which neighborhood you might want to buy. On June 29, call your broker.
James J. Cramer is co-founder of TheStreet.com. He often buys and sells securities that are the subject of his columns and articles, both before and after they are published, and the positions he takes may change at any time. E-mail: jjcletters@thestreet.com. To discuss or read previous columns, go to James J. Cramer's page at nymag.com/cramer. Get all of James J. Cramer's stock picks via e-mail, before he makes the trades, by subscribing to Action Alert Plus. A two-week trial subscription is available at thestreet.com/aaplus.
hasEML = false;
Sunday, October 19, 2008
New Canaan Real Estate Activity October 13, 2008 through October 19, 2008 (Residential Only)
Only 2 more weeks!
New Listings
86 White Oak Shade $1,149,000 (relisted)
64 Sunrise Ave $1,195,000
44 Valley Rd $1,375,000
45 Shagbark Dr $2,297,000 (relisted)
138 Lone Tree Farm $2,995,000
49 White Fall Lane $3,295,000
57 Welles Lane $3,475,000
77 Frogtown Rd $3,475,000
34 Brookwood La $3,499,000
110 South Ave $4,395,000
Pending Contracts
71 Rocky Brook Rd $889,000
Homes Sold
214 Talmadge Hill $2,700,000
Monday, October 13, 2008
New Canaan Real Estate Activity October 6, 2008 through October 12, 2008 (Residential Only)
LOOKING AT THE WEEK AHEAD???
New Listings
321 Frogtown Rd $1,299,000
69 Louises Lane $1,425,000
27 Brushy Ridge Rd $1,750,000
18 Lantern Ridge Rd $1,849,500
68 Welles Lane $2,295,000
155 Brookwood Lane $2,395,000
30 Poconnock Trail $3,395,000
1054 Oenoke Ridge Rd $3,995,000
Pending Contracts
15 Richmond Hill $795,000
3 Charles Place $1,185,000
868 Silvermine Rd $1,199,000
214 Talmadge Hill Rd $2,799,000
Homes Sold
41 Cedar Lane $860,000
75 Louises Lane $2,585,000
321 Frogtown Rd $1,299,000
69 Louises Lane $1,425,000
27 Brushy Ridge Rd $1,750,000
18 Lantern Ridge Rd $1,849,500
68 Welles Lane $2,295,000
155 Brookwood Lane $2,395,000
30 Poconnock Trail $3,395,000
1054 Oenoke Ridge Rd $3,995,000
Pending Contracts
15 Richmond Hill $795,000
3 Charles Place $1,185,000
868 Silvermine Rd $1,199,000
214 Talmadge Hill Rd $2,799,000
Homes Sold
41 Cedar Lane $860,000
75 Louises Lane $2,585,000
Friday, October 10, 2008
Interview on Forbes.com and Open Houses this Weekend
Evelyn Rusli, a reporter with Forbes came out last Sunday to report on high end foreclosures in Fairfield County. She interviewed me at the site of my bank owned foreclosure listing at 184 Lukes Wood Road listed at $3,250,000. I will be holding an open house this coming Sunday, October 12, 2008 from 1-4PM.
I have included a link to the video interview.
http://www.forbes.com/video/?video=fvn/lifestyle/er_greenwichhousing100608&partner=email
http://www.forbes.com/video/?video=fvn/lifestyle/er_greenwichhousing100608&partner=email
Additional Open House
383 Greenley Road $2,395,000 Sunday October 12, 2008 1-4PM
Monday, October 6, 2008
New Canaan Real Estate Activity September 30, 2008 through October 5, 2008
Dow plunges 800 points and falls below 10,000 for first time since 2004. What's next?
New Listings
6 Leslie Lane $719,000
141 Milport Ave $869,000
28 Grace St $899,999
111 Glen Drive $1,050,000
144 Hillcrest Rd $1,299,000
257 Wahackme Rd $1,595,000
4 Parade Hill $1,95,000(relisted)
4 Smith Ridge Lane $2,895,000
121 Parish Road $4,995,000
Pending Contracts
102 Rocky Brook Rd $1,750,000
Homes Sold
146 Forest St $742,000
Sunday, October 5, 2008
The State of the New Canaan Real Estate Market as reported to Forbes
I received a request from Forbes.com to comment on our high end market and how the rate of foreclosures are affecting real estate sales. Forbes did pick up on a listing of mine which is a bank owned high end property listed for sale at $3,250,000. It is located on Lukes Wood Rd and has a website called http://www.newcanaancountryestate.com/
Evelyn Rusli interviewed me this morning at the property before the public open house that was scheduled. The property was videotaped and the video clip will appear on Forbes.com this week. The focus of the report will be on the current state of the real estate market in lower Fairfield County.
I am unsure of the outcome of this video however the points I wanted stress about this property was that it's former sellers had a very long troubled history that went back far before the current crisis. They had gone into preforeclosure almost 2 years ago and originally listed the home with me for $4,000,000 in January of 2007. It was subsequently reduced to 3.8 million over the following 16 months but the former sellers mostly refused to have the property shown. The bank ultimately held a public auction in May of this year and purchased the property for the amount of their loan. They even very generously allowed the sellers until mid July to vacate the property. The bank is now acting like any other seller and then relisted the property with me at a deeply discounted price of $3,250,000. All the fat has been cut out of this property and it is receiving extremely high interest. The bank will consider serious offers. I am holding open houses for the public on Sunday afternoons in October including this afternoon.
It is a beautifully built stone colonial with a wood roof. The house was built in 1997 and is on over 7 acres on Lukes Wood Rd. It has 8,000 sq ft and has 6 bedroom, 5 full and 2 half baths, 5 fps and a full finished lower level with entertainment center, office, gym, rec room, bedroom and bath. The web site for this property is http://www.newcanaancountryestate.com/
Regarding the state of the real estate market in New Canaan, there are 242 homes on the market currently. We have had 149 homes sell this year versus 219 during the same time period in 2007. That represents a 38% decline in the number of transactions; however the average price of homes that sold this year is $2,190,000 versus $2,291,000, only a 5% decline and the median price only dropped 2% from 1.8 million to $1,765,000. Compared to the rest of the state a 2% decline in the median price is good versus an 8% decline statewide. The time on the market remains relatively stable with no increase from last year at 181 days and the list to sell ratio is 95% of asking price. The market here is certainly not dead, it is just more of a traditional market where the home is a place to live rather than an investment. My current inventory of listings is $38,358,500 with $11,000,000 sold or in contract.
How hard is it to get loans?
Mortgage money is available. Banks are requiring verifiable income rather than stated income or non verifiable income. They want a 20-25% down payment, credit scores of 680-720,
2 field appraisals if property is over 1,500,000 and if the property has some other unique attribute then a subsequent review appraisal
Money is available the key is to be able to verify income and Wall St bonuses to come is not considered verifiable income.
If you are a seller, keep in mind these tips as incentives to finding a buyer for your property.
Consider a mortgage abatement program where the seller pays the mortgage of the new buyer for period of 6 months to 1 year or a mortgage rate buy down incentive where the seller can buy down the interest rate of the new buyer below the current rate for a specified period of time. For example, 1 year, 2 years or 3 years.
Foreclosures
There are 15 preforeclosures somewhere in the chain in New Canaan. With 242 homes on the market that is only 6% of the homes for sale. Some of these homes will actually not be foreclosed on because some owners will find ways to come out of the situation.
To sum up, when real estate goes down, New Canaan goes down less. Even statewide, Connecticut is in much better shape than other states.
Evelyn Rusli interviewed me this morning at the property before the public open house that was scheduled. The property was videotaped and the video clip will appear on Forbes.com this week. The focus of the report will be on the current state of the real estate market in lower Fairfield County.
I am unsure of the outcome of this video however the points I wanted stress about this property was that it's former sellers had a very long troubled history that went back far before the current crisis. They had gone into preforeclosure almost 2 years ago and originally listed the home with me for $4,000,000 in January of 2007. It was subsequently reduced to 3.8 million over the following 16 months but the former sellers mostly refused to have the property shown. The bank ultimately held a public auction in May of this year and purchased the property for the amount of their loan. They even very generously allowed the sellers until mid July to vacate the property. The bank is now acting like any other seller and then relisted the property with me at a deeply discounted price of $3,250,000. All the fat has been cut out of this property and it is receiving extremely high interest. The bank will consider serious offers. I am holding open houses for the public on Sunday afternoons in October including this afternoon.
It is a beautifully built stone colonial with a wood roof. The house was built in 1997 and is on over 7 acres on Lukes Wood Rd. It has 8,000 sq ft and has 6 bedroom, 5 full and 2 half baths, 5 fps and a full finished lower level with entertainment center, office, gym, rec room, bedroom and bath. The web site for this property is http://www.newcanaancountryestate.com/
Regarding the state of the real estate market in New Canaan, there are 242 homes on the market currently. We have had 149 homes sell this year versus 219 during the same time period in 2007. That represents a 38% decline in the number of transactions; however the average price of homes that sold this year is $2,190,000 versus $2,291,000, only a 5% decline and the median price only dropped 2% from 1.8 million to $1,765,000. Compared to the rest of the state a 2% decline in the median price is good versus an 8% decline statewide. The time on the market remains relatively stable with no increase from last year at 181 days and the list to sell ratio is 95% of asking price. The market here is certainly not dead, it is just more of a traditional market where the home is a place to live rather than an investment. My current inventory of listings is $38,358,500 with $11,000,000 sold or in contract.
How hard is it to get loans?
Mortgage money is available. Banks are requiring verifiable income rather than stated income or non verifiable income. They want a 20-25% down payment, credit scores of 680-720,
2 field appraisals if property is over 1,500,000 and if the property has some other unique attribute then a subsequent review appraisal
Money is available the key is to be able to verify income and Wall St bonuses to come is not considered verifiable income.
If you are a seller, keep in mind these tips as incentives to finding a buyer for your property.
Consider a mortgage abatement program where the seller pays the mortgage of the new buyer for period of 6 months to 1 year or a mortgage rate buy down incentive where the seller can buy down the interest rate of the new buyer below the current rate for a specified period of time. For example, 1 year, 2 years or 3 years.
Foreclosures
There are 15 preforeclosures somewhere in the chain in New Canaan. With 242 homes on the market that is only 6% of the homes for sale. Some of these homes will actually not be foreclosed on because some owners will find ways to come out of the situation.
To sum up, when real estate goes down, New Canaan goes down less. Even statewide, Connecticut is in much better shape than other states.
Sunday, September 28, 2008
New Canaan Real Estate Activity September 22, 2008 through September 28, 2008 (Residential Only)
An Historic $700 billion dollar government bailout. Do we have an agreement?
New Listings
71 Rocky Brook $889,000 (relisted)
111 Nursery Rd $1,095,000
748 South Ave $1,285,000
394 Ponus Ridge $1,489,000
29 Church St $1,795,000
718 Silvermine Rd $1,999,999 (relisted)
6 Cecil Pl $2,075,000
846 Oenoke Ridge $2,195,000
383 Greenley Rd $2,395,000
264 South Ave $3,195,000
104 Dans Highway $24,000,000 (relisted)
Homes Sold
110 Glen Drive $1,230,000
97 Kimberly PL $1,400,000
Saturday, September 27, 2008
Elegant New Listing in New Canaan
Visit www.383greenleyroad.com
Spectacular setting, tasteful renovation, elegant detailing and much more. $2,395,000
Mark you Calendars!
Grand Opening Public Open House on Sunday October 5, 1-4PM
Mark you Calendars!
Grand Opening Public Open House on Sunday October 5, 1-4PM
Sunday, September 21, 2008
New Canaan Real Estate Activity September 15, 2008 through September 21, 2008 (Residential Only
A Wild Week on Wall Street
New Listings
124 Farm Rd $925,000
144 Brushy Ridge Rd $1,295,000
40 Charter Oak Dr $1,799,000 (relisted)
575 Silvermine Rd $1,975,000
116 Adams Lane $2,395,000
797 Valley Rd $2,395,000 (relisted)
83 Lukes Wood Rd $4,250,000
87 North Wilton Rd $7,965,000
Pending Sales
115 Richmond Hill $795,000
41 Cedar Lane $895,000
480 Cedar Lane $995,000
Homes Sold
8 Tommy's Lane $1.095,000
71 Richmond Hill Rd $1,210,000
268 Briscoe Rd $1,295,000
1137 Smith Ridge Rd $2,300,000
88 Fieldcrest Rd $2,304,000
68 Woods End Rd $6,500,000
Monday, September 15, 2008
New Canaan Real Estate Activity September 8, 2008 through September 14, 2008 (Residential Only)
New York City Waterfalls
I visited the city where I was born on Sunday with some old school friends and had the chance to admire a really terrific major work of public art. The New York City Waterfall Project was implemented by artist Olarfur Eliasson and will run through October 13, 2008. The four waterfalls are 90 to 120 feet tall rising out of New York Harbor and are located at the base of the Brooklyn Bridge, Governors Island, Brooklyn Piers and Pier 35. All can be viewed from the South Street Seaport. If you have a chance to see them, it is really worth the visit.
New Listings
568 Old Stamford Rd $775,000 relisted
36 Comstock Hill Rd $1,050,000
44 Harrison Ave $1,250,000
7 Charles Pl $1,349,000
8 Wahackme La $1,895,000
19 Lakeview Lane $1,950,000 relisted
17 Journeys End Rd $2,295,000
145 Kimberly Pl $2,695,000 relisted
327 Frogtown Rd $2,750,000
42 Ferris Hill Rd $2,799,000 relisted
76 Mather Farm Rd $5,495,000 relisted
1132 Oenoke Ridge Rd $5,695,000
76 Louises La $5,895,000
198 Bridle Path La $6,245,000 relisted
731 Smith Ridge Rd $10,975,000
Pending Contracts
13 Summer St $579,000
8 Tommys La $1,125,000
Homes Sold
58 Briscoe Rd $2,400,000
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