Stamford Hospital buys New Canaan properties on Grove St for 6.6 million

Stamford Hospital has purchased this office building at 36 Grove St. It may become a satellite health center.


Stamford Hospital has spent more than $6.6 million to buy a pair of buildings on Grove Street in New Canaan, one of which may become a satellite location similar to its health center in Darien.

10.69 Acres now for Sale in New Canaan already subdivided into 4 building lots

Approved 4 lot subdivision by the Town of New Canaan. Total of 10.69 acres divided into 4 generous building sites of 2+ acres each. Propety is being sold as one single subdivision and is not being sold as separate lots. This property is private and quiet and is beautiful buildable land. Each of the 4 lots is approved for a 6 bedroom home & pool site. This property will become the newest enclave in Silvermine. Complete engineering, septic and subdivision maps available. Ready to build immediately $3,000,000

2010 William Raveis Annual Awards. The Results Are In.

Denise Gannalo

                                                            
#1 Top Sales Associate William Raveis New Canaan
#4 Top Sales Associate William Raveis Connecticut
#6 Top Sales Associate William Raveis Companywide (7 States)
#1 Top Listing Sales Associate William Raveis New Canaan
#1 Top Sales Associate for Closed Units William Raveis New Canaan
Chairman's Elite Club Member

184 Lukes Wood Road, New Canaan, Ct. Country Estate on 7+acres Available for Lease at $11,500

This 8000 sq ft Colonial on gorgeous private property is now available for rent. The lease term could be flexible, one or two years and the house is in perfect condition.

What a Buy! Charming Farmhouse in East Norwalk. Just Reduced and Open House this Sunday March 20 1-4pm

Stop by and see this charming antique farmhouse located in convenient East Norwalk.  2/3 bedrooms, 2 updated baths, renovated kitchen, delightful front covered porch and sunny large deck for entertaining.  Full basememt and beautiful property.  Value priced at $385,000  Wont last long.

Market Watch: Buyer traffic and enthusiasm beginning to grow

My article about the New Canaan market was published in The New Canaan Advertiser Today. Read more............

Market Watch: Buyer traffic and enthusiasm beginning to grow

New Canaan’s Closings and Pending Contracts On the Rise

While the New Canaan Real Estate Market ended on a better note in 2010, I see the continuation of a conservative but somewhat upward trend as of mid march this year. . Buyer traffic is definitely up as evidenced by the amount of visitors to open houses and property showings. Sales data also supports this trend.

So far this year there have been 23 sales as compared to 20 in 2010 a 15% increase. The average price of sold homes as of March 13, 2011 is $1,877,913 up from $1,473,418 during the same period of 2010, a 27% increase and also up from $1,706,976 at the end of 2010. The median price is also up this year to $1,675,000, a 27% increase from $1,349,050 one year ago. Also supporting this positive trend is the list to sell ratio of 97% with the average days on the market of 199.

Of the homes that have sold to date this year the categories are as follows:


$3,000,000 to $3,750,000 4 sales

$2,000,000 to $3,000,000 6 sales

$1,500,000 to $2,000,000 3 sales

$1,000,000 to $1,500,000 6 sales

Under $1,000,000 4 sales



There are currently 31 pending contracts on homes about to close


$3,000,000+ 6 homes

$2,000,000+ 7 homes

$1,500,000 to $2,000,000 5 homes

$1,000,000 to $1,500,000 7 homes

Under $1,000,000 6 homes

There are only 188 homes on the market now in New Canaan right now, but that number is bound to swell as many homeowners plan to begin selling their homes in the spring market. My advice to sellers is to list you house now. March is the peak month for listings and April is the peak month for binders. If you are seeking to move in June, July or August, today is the day to start planning.


Of the 188 homes on the market at the current time, the breakdown is as follows:


Under $1,000,000 21

$1,000,000-$1,500,000 38

$1,500,000-$2,000,000 29

$2,000,000-$3,000,000 39

$3,000,000-$4,000,000 23

$4,000,000-$5,000,000 15

Over $5,000,000 23


Mortgage interest rates continue to remain 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. Current Rates are as follows:


30 year fixed conforming 4.875%

30 year fixed jumbo 5.375%

5/1 jumbo adjustable 4.250%


My Best Buy Pics are:

Under One Million:

144 South Avenue. 3 Bedroom Colonial built in 1900 with 3 bedrooms, 3 ½ baths and taxes of $8,699. Listed with Coldwell Banker for $815,000

$1,000,000-$2,000,000:

42 Myanos Rd. 5 Bedroom Mediterranean on 1.35 acres with pool and in-home studio. Listed with William Pitt for $1,799,000


$2,000,000-$3,000,000

96 Stoneleigh Road. 4 Bedroom Colonial with pool and tennis court on 2.9 acres and 3 finished floors. Listed with Prudential Ct Realty for $2,295,000


$3,000,000-$4,000,000

131 Thayer Pond Road. 10,000 sq ft new Colonial with finished lower level and heated pool on 2.59 acres. Listed with Halstead Properties for $3,495,000


Over $4,000,000

49 North Wilton Rd. Private Estate of 11,000 sq ft on 6 acres with pool and pool house. A pristine compound. Listed with William Raveis Real Estate for $4,500,000

Become a fan of my Facebook "LIke Page".New Canaan Real Estate with Denise Gannalo

Click here to "like" my page.

Also you can follow me on Twitter at www.twitter.com/denisegannalo

JUST LISTED. NEW CANAAN'S NEWEST SUBDIVISION. WHAT AN OPPORTUNITY FOR BUILDERS, DEVELOPERS, END USERS

Located at 680 Carter St, this rare opportunity comes around only once. This untouched estate is now being offered for sale and is recently approved as a 4 lot subdivision by the Town of New Canaan. Total of 10.69 acres divided into 4 generous building sites of 2+ acres each. Propety is being sold as one single subdivision and is not being sold as separate lots. This property is private and quiet and is beautiful buildable land. Each of the 4 lots is approved for a 6 bedroom home & pool site. This property will become the newest enclave in Silvermine. Complete engineering, septic and subdivision maps available. Ready to build immediately

Open Houses in New Canaan This Sunday March 13, 2011

115 River Street, New Canaan

$599,000

1-3pm

62 Shagbark Drive

$1,575,000

1-4pm

123 Colonial Road

$1,999,000

1-4pm

Take a visual tour of 49 North Wilton Road, New Canaan.

Click here to view this fabulous house. The details are extraordinary and the price is excellent.
$4,500,000 for this specacular estate on 6 acres with pool and pool house.

Although Slowly the Real Estate Cycle is Turning

Interesting article by RisMedia.  Click on the title to read more.