New Listing at $949,900. 4 Bedroom Center Hall Colonial with recent renovations. Priced to Sell now. Also for rent at $3900.

469 Old Stamford Road



Over 3,000 sq ft of living space on 3 levels with new deck opening to level yard.

74 Thayer Drive Just Reduced to $990,000

Big Price Reduction on this spacious sprawling one floor home with full lower level.Beautiful 2 acre expansive property in area of luxury homes. Town approved 6 bedroom septic for potential expansion or upgrades.

Sellers, Why hasn't your house sold?

If you are one of those 268 homeowners who have their house on the market now, you may want to reconsider why the property has not sold yet. Or if you are a homeowner planning to sell your home this year, you may wish to consider the following strategies to accomplish the sale.

1. Price your home to sell. Look at all the competing listings that are currently on the market and price your home below the competition. Do not follow the market downward, instead stay ahead of the curve to get results. Do not believe that an appraisal done for a mortgage refinance or an appraisal published by the town for tax valuation is an indication of value. These are specific appraisals used for targeted purposes and their purpose does not support a price that a real buyer would pay. After the property has been shown 10 times without generating any offers, lower the price. The market is rejecting the current price, so make the necessary adjustments to accomplish the sale.

2. Pay attention to the appearance of the property. Have the house professionally staged. Think of it as finding a date. If there are 500 men out there and only 50 women, the men would really have to dress themselves up to make them stand out in the crowd. Some other important quick fixes are, fixing up the front yard to improve curb appeal, replacing the front door with a new one, installing new windows, moving the laundry room up from the basement and putting in a stainless steel refrigerator.


3. Choose an experienced agent, one with local marketplace knowledge and a large network of local contacts. Choose an agent who has worked in and experienced different real estate markets, not just a boom market. Choose an agent who truly likes the business and likes people as well as is excited about helping you sell your home. An agent who has extensive knowledge of the internet and real estate websites and who will embrace the technology to expose your property. And finally be wary of an agent who comes in with the highest price as that may be an indication of trying to buy the listing.

New Canaan's Closings and Pending Contracts Rise. Buyer Traffic and Optimism Beginning to Increase.

PHILLIP JOHNSONS GLASS HOUSE


While the New Canaan Real Estate Market struggled in the first quarter of 2009, there is definitely more activity in open house visits and home showings to prospective buyers. Traffic is positively inceasing as we head into April with higher expectations as supported by the sales data. There have been 12 closings to date this year with the median price of those sold homes at $1,300,000 but the average selling price of these homes was $2,317,083. The average price is so much higher than the median price because the 4 highest priced sales were all over $3,000,000 and two of them were over $5,000,000. However, there are 25 more pending sales, which is good news. That number has increased over the first part of the year and there is anticipation of more contracts to come in the next few weeks. Of the 25 pending sales, the median listing price is $1,195,000 and the average listing price of $1,483,600. Mortgage interest rates continue to remain and are at amazingly low levels; however, mortgage money is not exactly free flowing. Excellent credit scores of 750+, verifiable income, cash reserves and retirement savings are all strict criteria for obtaining loans, as well as a substantiated home appraisal with appraisal numbers coming in at 80% under August 2008 sales.

Of the 268 homes on the market at the current time, the breakdown is as follows:

Under $1,000,000 33
$1,000,000-$1,500,000 54
$1,500,000-$2,000,000 55
$2,000,000-$3,000,000 49
$3,000,000-$4,000,000 37
$4,000,000-$5,000,000 7
Over $5,000,000 33

Open House in New Canaan this Weekend Sun 4/19 1-3 PM 74 Thayer Drive New Listing $1,099,000

Just listed, this sprawling ranch home has 4 bedrooms, 3 baths and finished walk out lower level with office/au pair suite. Sweeping views over private 2 acre property. This home tremendous potential located on a quiet road in area of 6 million dollar homes. Tremendous potential.

My Bank Owned Foreclosed Home. Reduced Again?????

The bank continues to drop the price until this one sells. Make an offer on this incredible estate. It will go in the New Canaan Real Estate record books.
NEW PRICE $2,700,000

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New Canaan Real Estate Activity March 30, 2009 through April 12, 2009 (Residential Only)

Signs of Spring
The Real Estate Market is showing some sprouting

Homes on the Market
270

New Listings

165 Orchard Dr $995,000
74 Thayer Dr $1,099,000
219 Buttery Rd $1,185,000
4 Birchwood Ave $1,299,000
16 Park Place $1,299,000
558 Old Stamford Rd $1,475,000
259 Marvin Ridge Rd $1,525,000
161 Skyview Lane $1,595,000
56 Twin Pond $1,595,000
599 No Wilton Rd $1,640,000
72 Shady Knoll La $1,695,000
118 Adams La $1,750,000
107 Bickford La $1,795,000
211 Oenoke Ridge $2,095,000
605 Ponus Ridge $2,495,000
198 Middle Ridge $2,595,000
231 Brushy Ridge Rd $4,999,000
111 Parish Lane $6,250,000

Pending Contracts

86 White Oak Shade $995,000
5 Deer Park Rd $999,000
2 Wardwell Dr $999,000
155 Field Crest $1,070,000
103 South Ave $1,145,000
30 Mariomi $1,250,000
35 Green Meadow Lane $2,249,000
503 Silvermine Rd $2,695,000
83 Lukes Wood Rd $4,250,000

Homes Sold

22 Urban St $485,000
626 Weed St $1,810,000
93 Louises Lane $3,050,000
266 Michigan Rd $5,500,000

New Listing. New Canaan Estate and Private Compound on 5+ acres

HAPPY EASTER



This incredible estate on over 5 acres is a world onto itself. Vacation in your own home with pool, tennis court, pond, river, gardens, bridges and walking trails. Custom built Stone Colonial of 9,000 sq ft is incredibly detailed with high end details and luxurious finishes. This is an incredible price and value for todays market. Just listed for $2,995,000

New Canaan Homes For Sale Get this Widget

New Canaan Real Estate - Trulia

NEW LISTING. NEW CANAAN WATERFRONT

Set on 4 acres of privacy with 520 feet along the New Canaan Reservoir, this spacious 5 bedroom Colonial is incredibly priced for today's market. While the traditional home is very well maintained, a major remodel could also be accomodated as the property has been perced and town approved for a 7 bedroom home. Enjoy breathtaking vistas and peaceful sunsets from this terrific property.
Priced to sell at $1,640,000

Open Houses in New Canaan this Weekend Sunday April 5, 2009

383 Greenley Road 2-4PM $2,199,000
Pristine Colonial in choice location with lush landspaping and beautiful grounds.



60 Parting Brook 1-3PM $985,000
Well priced for today's value. Quiet cul de sac location with serene 2 acre property with large screened porch and stone terrace.

New Canaan Real Estate Activity March 23, 2009 through March 29,2009 (Residential Only)

New Listings
226 Sleepy Hollow Rd $1,299,000
71 Oak St $2,635,000
96 Louise's Lane $3,195,000
440 Carter St $3,295,000

Pending Contracts
103 South Ave $1,145,000

Homes Sold
102 Devonwood La $3,900,000