184 Lukes Wood Rd. Bank Owned Foreclosed Home Just Reduced Again by Bank Today. This Bank is Serious. This is New Canaan's Best Deal

Just reduced to $2,599,000
New Canaan's Most Unbelievable Deal
184 Lukes Wood Rd
Click on title to view website

Real Estate Activity since June 11, 2009

4 Days

4 Pending Contracts

4 New Listings

Pending Sales

30 Brooks Rd $1,165,000
259 Marvin Ridge $1,525,000
21 Brooks Rd $3,395,000
81 Hemlock Rd $5,475,000

New Listings

57 Shaker Rd $1,119,000
22 Deep Valley Rd $1,595,000
149 Ramhorne Rd $1,795,000
78 Skyview $3,995,000

Open Houses this weekend. Sunday June 14, 2009

60 Parting Brook, New Canaan
JUST REDUCED TODAY TO $949,000
What a value. 4 bedrooms, pristine condition, cul de sac location and 3 car garage.
Open House Sunday from 1-3PM


27 Kenilworth Drive East, Stamford
Bank owned foreclosed Colonial. 3800 sq ft built in 2005 in Wallacks Point Homeowners Association with deeded beach rites. $999,000
Open House Sunday from 2-4PM

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I will be commenting on bits and pieces of the New Canaan Real Estate market that I find of interest. Anything from market news, great new homes and changes in the market. Click on the title to see more.

How to Navigate a Short Sale - FOXBusiness.com

How to Navigate a Short Sale - FOXBusiness.com

Posted using ShareThis
GREAT ARTICLE ON SHORTSALES, VERY COMPREHENSIVE FOR ANYONE INTERESTED

WOW! Maybe the New Canaan market is really turning!

For the first time in a very long time, the number of pending sales exceeded the number of new listings. Since May 30, 2009 we have 15 new listings but 21 pending sales. There were also 5 closings.

Pending Sales

53 Anthony Lane $495,000
83 Parade Hill $540,000
100 Old Kings Highway $649,000
11 Hillcrest Rd $785,000
1255 Smith Ridge Rd $875,000
155 Jelliff Mill Rd $1,059,000
73 Bridle Path $1,195,000
144 Marshall Ridge Rd $1,350,000
912 Weed St $1,350,000
29 Douglas Rd $1,595,000
111 Hawks Hill Rd $1,950,000
23 Church St $1,995,000
73 Harrison Ave $2,095,000
687 Carter St $2,099,000
669 Cheesespring Rd $2,195,000
107 Lambert Rd $2,200,000
679 Cheesespring Rd $2,385,000
71 Oak St $2,395,000
605 Ponus Ridge Rd $2,495,000
139 Hoyt Farm Rd $2,495,000
1801 Ponus Ridge Rd $4,450,000

Sold Homes

155 Fieldcrest $975,000
46 Oak Grove Place $1,025,000
4 Birchwood Rd $1,220,000
503 Silvermine Rd $2,600,000
603 Smith Ridge Rd $5,625,000

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.

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

Bank Owned Foreclosed Home in Private Stamford Beach Community

Wow! What an opportunity. This bank says sell now. Located in Wallacks Point Beach Association, a private homewoners association with deeded beach rights, this 3800 sq ft nearly new Colonial is offered a this low price because there are some necessary repairs needed. However, it is spacious, open and has a private yard on a beautiful corner lot that is completely fenced for privacy. Priced at $999,000. Make offers.

This home now under contract

Move right into this incredible remodeled Colonial home in New Canaan. This residence is better than new. Over 5200 sq ft of living space thoughtfully designed and improved. Updated kitchen with all new appliances. New baths. New 45x20 heated pool with power retractable safety cover and wireless remote. play yard and basketball sport court. Garden and dog run. Gorgeous 2 acre manicured and usable property. Home improvements include generator, wiring for sound, computer and satellite, new compressors, irrigation and security systems. New addition of spacious 3 car garage and mud room, new bath and gymnasium. This home has it all. When only the best will do

New Canaan Real Estate Activity April 13 through May 17 (Residential Only)

297 Homes on the Market
30 Pending Contracts
21 Closed Sales YTD

April 13-May 17

68 New Listings

Pending Contracts

78 Millport $475,000
53 Anthony Lane $495,000
47 Urban St $499,000
150 Jelliff Mill $599,000
47 Park Place $749,000
829 New Norwalk Rd $799,000
274 Buttery Rd $999,000
106 Briscoe Rd $1,049,000
46 Oak Grove Place $1,095,000
103 South Ave $1,145,000
140 Bayberry Rd $1,195,000
226 Sleepy Hollow Rd $1,299,000
15 Snowberry Rd $1,299,000
51 Mariomi Rd $1,395,000
24 Twin Pond Lane $1,499,000
8 Wahackme Rd $1,499,000
181 Woodridge Circle $1,695,000
36 Brushy Ridge $1,795,000
146 Old Norwalk Rd $1,895,000
111 Hawks Hill Rd $1,950,000
174 Marshall Ridge Rd $1,985,000
107 Lambert Rd $2,200,000
37 Lambert Rd $2,595,000
85 Thurton Dr $2,750,000

Sold

264 Mill Rd $850,000
151 Danforth Dr $875,000
5 Deer Park Rd $964,000
86 White Oak Shade Rd $972,500
48 Salem Rd $1,100,000
145 Marvin Ridge Rd $1,200,000
30 Mariomi Rd $1,219,000
77 Douglas Rd $1,750,000
45 Shagbark Dr $1,750,000
26 Shagbark Dr $1,800,000