Happy Thanksgiving

New Canaan Holiday Stroll December 3 and 4

New Canaan will be a blaze of lights and festivities next weekend, December 3 and 4th. The Holiday Stroll kicks off at 5:30 pm on Friday evening. Take a walk around the brightly light town and stop in at William Raveis Real Estate at 4 Elm Street and have some holiday treats.

TEN TOP REASONS TO LIST YOUR HOME DURING THE HOLIDAYS

 THERE ARE FEWER HOMES ON THE MARKET.

 YOUR HOME MAY SELL AT A HIGHER PRICE AS A RESULT OF LESS INVENTORY.

 BUYERS HAVE MORE TIME TO LOOK AT HOMES DURING WINTER VACATION & HOLIDAYS.

 PROSPECTS LOOKING NOW ARE MORE SERIOUS BUYERS.

 YOU MAY HAVE FEWER SHOWINGS, BUT PROSPECTS TEND TO BE MORE QUALIFIED AND MORE MOTIVATED.

 CORPORATE TRANSFEREES WHO NEED TO BUY NOW CAN’T WAIT UNTIL SPRING.

 JANUARY IS THE BIGGEST TRANSFER MONTH OF THE YEAR.

 YOUR HOME LOOKS GREAT DURING THE HOLIDAY SEASON.

 YOU MAY RESTRICT SHOWINGS DURING YOUR PERSONAL FAMILY EVENTS.

 IT ONLY TAKES ONE BUYER!

3rd Quarter and 2010 Real Estate Market Update

3rd Quarter and 2010 Real Estate Market Update

New Canaan Modern's. Now Recognized and on the National List of Historic Homes

I am thrilled that two of my clients have homes that are now nationally recognized as owners of these notable homes.  In both these cases, I had the listings on these great homes and I decided to publish them on a modern homes website. Both of my clients came to me as buyers and bought these houses. The process was smooth as I, acting as both listing and selling broker, brought it to a quick conclusion especially when the buyer knew what he was truly looking for.

 

Anyone who appreciates mid-century modern architecture knows that a treasure trove of these homes have quietly existed in New Canaan for more than the past fifty years.

The Glass House announced that 18 modern residences in New Canaan have been added to the State and/or National Register of Historic Places. Six homes were placed on the state's register and 12 on the national register. The designations signifiy that the homes have been successfully recognized as historically relevant and have joined the official list of places worthy of preservation

Click on the title to read the full article.

Two Great Price Reductions Greenwich and Westport

This Bank Owned property has been reduced by another $40,000 to the incredibly low asking price of $1,360,000. Originally for sale by the builder for $2,200,000, this is a really great deal for a brand new Colonial on 1 acre in Westport.

Located on a tree lined street in the heart of Greenwich Ct near Greenwich Hospital, this 6 bedroom vintage Colonial has the potential for gracious living perfect for everyone, families, doctors, hospital employees, executives or anyone seeking a quality residence with location, location, location.
Now priced to sell at $1,499,000

117 South Bald Hill Huge Price Reduction. This is an eyeopener

Now priced at $2,495,000. Just reduced $300,000, owner say "Sell Now".  Brand New Construction all custom designed and built. Classic new Colonial with attached antique guest house.  Visit website http://www.newcanaanoldandnew.com/.

New Canaan and the Fall 2010 Market. It's all about Pricing

As of September 18, 2010, this is what is happening in New Canaan. There are currently 239 homes on the market and a total of 165 have closed so far this year which is a 50% increase over last years sales to date of 109 sales. In addition, there are also 21 more pending sales yet to close. Although the average sales price has seen as slight increase over last year rising to $1,764,962 from $1,669.845, this does not paint an accurate picture because there have been more higher priced sales this year. 16 homes have closed over 3 million including 2 sales over $7,000,000. The average list to sell ratio this year is 93% taking an average of 217 days to sell. The median price is a bit more telling with the median price rising from $1,450,000 in 2009 to $1,500,000 to date this year.

In this fall market, however, many homes have remain unsold causing a tug of war between anxious sellers at one end and patient buyers taking their time on the other end. This situation is causing stress for many sellers who have not adjusted their expectations to the reality of the changing market. However, there are some homes being sold sooner rather than later and at prices closer to the listed price. For example, two of my listings which I have sold myself recently this year, 1702 Oenoke Ridge $1,425,000 and 12 Ludlowe Road $1,450,000 both sold at 95% of list price and another listing at 156 Old Studio Road sold in one week for $2,200,00 at 98% of asking. The condominium market increased 100% in closed sales from 16 in 2009 to 34 in 2010, however the average price has decreased from $813,593 to $643,132. This can also be attributed to 3 condo sales in 2009 over $1,000,000, but the list to sell ratio improved to 94%. The rental market is consistent with last year both at 151 units rented at a median price of $3400.

This home located at 21 Shady Knoll Lane in New Canaan is currently on the market and has just been reduced to $1,899,000. It is nearly new construction and just about perfect.  Priced at $300,000 under the original purchase price, it represents one of the best values on the market today and mortgage money is available. Visit website at http://www.21shadyknoll.com/ 



This is Connecticut Waterfront with Views Galore

I viewed this property today and the views are spectacular. Perched at the highest point in Bluewater Hill, an enclave in Westport, Ct, the commanding views of Long Island Sound are incredible. This tranquil and private retreat is mesmerizing. Priced at $4,875,000

OPEN HOUSES THIS SUNDAY SEPTEMBER 12

These 4 homes are open this Sunday. Please try and stop by and check them out

34 Wardwell Drive, Just Reduced to $2,295,000  Open 1-4pm

117 South Bald Hill, Newly Listed at $2,795,000  Open 1-4pm

115 River St, New Canaan's Best Value. Adorable Colonial Open 1-4pm

274 Mariomi Rd. Eco Friendly New Construction. Just Reduced to $3,295,000 Open 12-2pm

Real Estate Funds have been a top performer this year. But Why? See What the Wall Street Journal has to say

Real Estate Investment Funds or Reits have had some surprising returns this year.

Repurposing Rooms Can Give Your Home New Life

Great concept and wonderful idea about bringing your home up to your current needs, increasing value and not spending a fortune. Click on this link to read more.