47 Shagbark Drive$2,695,000
Classic New Construction
http://www.newcanaanresidence.com/
236 South Bald Hill
$3,890,000
Magnificent New Stone Manor
http://www.newcanaanexceptionalproperty.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
Tuesday, July 8, 2008
OPEN HOUSES IN NEW CANAAN SUNDAY JULY 13, 2008 1-4PM
47 Shagbark Drive$2,695,000
Classic New Construction
http://www.newcanaanresidence.com/
236 South Bald Hill
$3,890,000
Magnificent New Stone Manor
http://www.newcanaanexceptionalproperty.com/
Sunday, July 6, 2008
New Canaan Real Estate Activity June 29, 2008 through July 6, 2008 (Residential Only)
New Listings
71 Richmond Hill Rd $1,349,000
103 South Ave $1,395,000
80 Forest St $1,499,000
514 Weed St $2,995,000
Pending Contracts
36 Mortimer St $747,500
68 Orchard Dr $849,000
381 Old Stamford Rd $1,250,000
114 Rocky Brook Rd $1,675,000
255 Marvin Ridge Rd $1,825,000
292 Brushy Ridge Rd $2,375,000
58 Briscoe Rd $2,450,000
180 Marvin Ridge Rd $2,995,000
Homes Sold
26 Drummond Lane $1,146,000
32 Colonial Rd $1,235,000
232 Jonathan Rd $1,330,000
401 Brushy Ridge Rd $2,500,000
58 Greenley Rd $3,300,000
1578 Ponus Ridge Rd $5,200,000
Sunday, June 29, 2008
New Canaan Real Estate Activity June 23, 2008 through June 29, 2008 (Residential Sales Only)
New Listings
25 Meadow Lane $995,000
985 New Norwalk Rd $1,299,000
59 Snowberry Lane $1,495,000
216 Old Norwalk Rd $1,749,000
72 Wellesley Dr $2,499,000
201 White Oak Shade Rd $2,950,000
574 Cascade Rd $4,675,240 (relisted)
Pending Sales
37 Fox Run Rd $1,299,000
180 Jonathan Rd $1,695,000
257 Marvin Ridge Rd $1,795,000
Homes Sold
85 Douglas Rd $1,095,000
39 Grace St $1,200,000
155 Weed St $1,275,000
233 Mill Rd $1,465,000
46 Benedict Hill Rd $1,500,000
29 Hawks Hill Rd $1,940,000
25 Apple Tree Lane $2,690,000
Friday, June 27, 2008
Just Listed Waterfront Property in New Canaan $3,000,000
Once in a lifetime opportunity to purchase a property with high sweeping views of New Canaan's reservoir. Enjoy breathtaking views in all seasons from this rare 4 acre property surrounded by privacy and serenity. Design and build your own dream estate right here in New Canaan. For the very special buyer who expects only the best. Perc testing complete and septic approved for 7 bedroom home.
Thursday, June 26, 2008
Grand Opening This Sunday 6/29/08 1-4pm
Just Listed
Stone Colonial Manor
New Construction at its Finest
236 South Bald Hill Road
New Canaan, Ct
$3,890,000
Over 9,000 sq ft of quality and design, this highly detailed and thoughtfully designed residence spans 4 finished levels that encompasses 5 bedrooms, each with its own bath and also 3 half baths. The first floor has 10 ft ceilings. The richly appointed mahogany library has ample builtins and cabinets as well as a handsome marble fireplace. The master suite has a separate sitting room with fireplace, walk in closet with maple cabinetry and a luxurious master bath.
There is a third floor finished bonus room and the lower level is completely finished with exercise room, home movie theater, wine cellar, mechanical room and bath. Set on an incredibly beautiful property with an expansive 2.27 acre level and private rear yard, this home has a three car attached garage, wood roof, handsome stone terrace off the kitchen, a whole home integrated digital system and much more. A masterpiece of design and construction priced to sell at $3,890,000.
Sunday, June 22, 2008
New Canaan Real Estate Activity June 16, 2008 through June 22, 2008 (Single Family Residential Only)
Just Listed. Elegant New Stone Colonial at Unbelievable Price $3,890,000New Listings
83 Parade Hill Lane $729,000
42 Holly Rd $999,000
381 Old Stamford Rd $1,250,000
15 Snowberry Lane $1,579,000
16 West Rd $2,849,000
236 South Bald Hill Rd $3,890,000 (relisted)
Contracts Pending
151 Danforth Dr $1,195,000
19 Clapboard Hill $1,299,000
34 Brookwood Lane $1,399,000
17 Hawthorne Rd $2,349,000
292 Brushy Ridge Rd $2,375,000
74 Dogwood Lane $3,395,000
1578 Ponus Ridge Rd $5,695,000
Homes Sold
113 Little Brook Rd $1,250,000
571 Cheesespring Rd $1,285,000
728 Carter St $1,300,000
1937 Ponus Ridge Rd $2,100,000
131 Soundview Lane $2,150,000
10 Hillcrest Rd $3,100,000
362 South Ave $4,500,000
Sunday, June 15, 2008
New Canaan Real Estate Activity June 9, 2008 thru June 15, 2008 (Single Family Residential Only)
New Listings
115 Richmond Hill Rd $795,000
76 East Ave $800,000
534 Valley Rd $1,395,000
2 Holmewood La $2,195,000
37 Lambert Rd $3,100,000
474 Ponus Ridge Rd $5,950,000 (relisted)
Contracts Pending
19 Clapboard Hill Rd $1,299,000
1037 Valley Rd $1,345,000
728 Carter St $1,385,000
927 New Norwalk Rd $1,695,000
178 Skyview Lane $1,699,000
126 Wellesley Dr $1,725,000
17 Hawthorne Rd $2,349,000
Homes Sold
29 Myanos Rd $1,705,000
115 Richmond Hill Rd $795,000
76 East Ave $800,000
534 Valley Rd $1,395,000
2 Holmewood La $2,195,000
37 Lambert Rd $3,100,000
474 Ponus Ridge Rd $5,950,000 (relisted)
Contracts Pending
19 Clapboard Hill Rd $1,299,000
1037 Valley Rd $1,345,000
728 Carter St $1,385,000
927 New Norwalk Rd $1,695,000
178 Skyview Lane $1,699,000
126 Wellesley Dr $1,725,000
17 Hawthorne Rd $2,349,000
Homes Sold
29 Myanos Rd $1,705,000
Thursday, June 12, 2008
New Listing 480 Cedar Lane, New Canaan, Ct
Just Listed for $1,195,000
Location, Location, Location. This 4 bedroom home sits superbly on a lovely corner property and is approached by a sweeping drive. The 1.3 acre property is landscaped and designed with specimen trees and plantings. Spacious living room with dramatic high ceilings, oversized dining room, 3 full and one half baths, 2 fireplaces, solarium, central air and 3 car garage are just some of its features. This property has tremendous potential for improvement, expansion or a completely new home. Call me today for a personal tour.
Sunday, June 8, 2008
A real look at New Canaan’s second quarter numbers as of June 8, 2008.
In trying to analyze the speculation regarding the New Canaan real estate market, I compared some figures from 2007 to the current year. As expected, the number of transactions is significantly lower. There were 102 closed residential sales as of June 8, 2007 versus 65 closed sales so far this year representing a 36% decline in transactions. In addition, there were 76 properties that went pending (in contract but not closed) during the time period from April 1, 2007 through June 8, 2007 versus only 33 pending contracts during the same time period this year. This represents a decline of 57% in pending contracts. However, the sales numbers paint a different picture. Of the 65 sold homes this year the average sales price is $2,331,126 versus the average sales price last year of $2,358,635, an insignificant change. The median price figures are even more surprising.
The median price of sold homes to date this year is $1,872,000, while the median price as of June 8, 2007 was $1,781,000. On the surface, these figures paint a more positive picture; however, the difficulty in accurately portraying this comparison is that these figures are not accurately comparing apples to apples. What is really happening here is that the homes that are selling are selling at lower prices than they would have one or two years ago. These sellers have negotiated sales prices at varying degrees of discount so they could achieve their end goal, which is the sale of their home. There is significantly more value in the homes selling currently and a savvy buyer can end up with much more home than he would have in 2006 or 2007. Conversely, a motivated seller can certainly sell his New Canaan home, but not at the price he would have sold in the past stronger markets. Each transaction is subject to its unique negotiations and the motivations of each buyer and seller. There are many fine properties for sale and there is a buyer for each and every one of them. Keeping an open mind and recognizing a good opportunity is key for all sellers and buyers alike.
The median price of sold homes to date this year is $1,872,000, while the median price as of June 8, 2007 was $1,781,000. On the surface, these figures paint a more positive picture; however, the difficulty in accurately portraying this comparison is that these figures are not accurately comparing apples to apples. What is really happening here is that the homes that are selling are selling at lower prices than they would have one or two years ago. These sellers have negotiated sales prices at varying degrees of discount so they could achieve their end goal, which is the sale of their home. There is significantly more value in the homes selling currently and a savvy buyer can end up with much more home than he would have in 2006 or 2007. Conversely, a motivated seller can certainly sell his New Canaan home, but not at the price he would have sold in the past stronger markets. Each transaction is subject to its unique negotiations and the motivations of each buyer and seller. There are many fine properties for sale and there is a buyer for each and every one of them. Keeping an open mind and recognizing a good opportunity is key for all sellers and buyers alike.
New Canaan Real Estate Activity June 2, 2008 thru June 8, 2008 (Single Family Residential Only)
New Listings
8 Tommys Lane $1,125,000
498 Valley Rd $1,995,000
7 Indian Waters Dr $2,050,000
46 Elm Place $2,075,000
29 Pequot Dr $2,450,000
89 West Rd $2,795,000
96 Stoneleigh Rd $3,499,000
114 Bridle Path Lane $4,595,000
93 Louises Lane $5,000,000
Contracts Pending
44 Hickok Rd $1,199,000
728 Carter St $1,385,000
401 Cedar Lane $1,649,000
29 Myanos Rd $1,890,225
392 South Ave $1,980,000
68 Woods End Rd $6,795,000
Homes Sold
737 Carter St $1,150,000
277 Country Club Rd $1,460,000
32 Old Studio Rd $1,780,000
290 Lapham Rd $1,800,000
364 Smith Ridge Rd $2,150,000
316 Turtleback Rd $4,998,000
8 Tommys Lane $1,125,000
498 Valley Rd $1,995,000
7 Indian Waters Dr $2,050,000
46 Elm Place $2,075,000
29 Pequot Dr $2,450,000
89 West Rd $2,795,000
96 Stoneleigh Rd $3,499,000
114 Bridle Path Lane $4,595,000
93 Louises Lane $5,000,000
Contracts Pending
44 Hickok Rd $1,199,000
728 Carter St $1,385,000
401 Cedar Lane $1,649,000
29 Myanos Rd $1,890,225
392 South Ave $1,980,000
68 Woods End Rd $6,795,000
Homes Sold
737 Carter St $1,150,000
277 Country Club Rd $1,460,000
32 Old Studio Rd $1,780,000
290 Lapham Rd $1,800,000
364 Smith Ridge Rd $2,150,000
316 Turtleback Rd $4,998,000
Friday, June 6, 2008
New Canaan Open Houses This Weekend Sunday June 8, 2008 1-4pm
931 Ponus Ridge
$2,495,000
47 Shagbark
$2,695,000
198 West Hills Rd$1,595,000
Monday, June 2, 2008
New Canaan Real Estate Activity May 26, 2008 through June 1, 2008 (Single Family Residential Only)
New Listings
60 Fawn Lane $1,289,000
38 Harrison Ave $1,375,000
93 Weed St $1,440,000
927 New Norwalk Rd $1,695,000
17 Hawthorne Rd $2,349,000
85 Indian Rock Rd $2,495,000
45 Shagbark Dr $2,550,000
111 Hawks Hill Rd $2,595,000
81 Valley Rd $6,250,000
26 Parkers Glen $6,775,000
Pending Contracts
1668 Ponus Ridge Rd $1,395,000
17 Toquam Rd $1,695,000
290 Lapham Rd $1,999,999
93 Harrison Ave $2,625,000
401 Brushy Ridge Rd $2,775,000
81 Ramhorne Rd $2,950,000
78 Thurton Dr $3,695,000
Homes Sold
412 Main St $625,000
129 Woodridge Dr $1,499,000
129 Kimberly Pl $1,775,000
25 Adams La $4,025,000
60 Fawn Lane $1,289,000
38 Harrison Ave $1,375,000
93 Weed St $1,440,000
927 New Norwalk Rd $1,695,000
17 Hawthorne Rd $2,349,000
85 Indian Rock Rd $2,495,000
45 Shagbark Dr $2,550,000
111 Hawks Hill Rd $2,595,000
81 Valley Rd $6,250,000
26 Parkers Glen $6,775,000
Pending Contracts
1668 Ponus Ridge Rd $1,395,000
17 Toquam Rd $1,695,000
290 Lapham Rd $1,999,999
93 Harrison Ave $2,625,000
401 Brushy Ridge Rd $2,775,000
81 Ramhorne Rd $2,950,000
78 Thurton Dr $3,695,000
Homes Sold
412 Main St $625,000
129 Woodridge Dr $1,499,000
129 Kimberly Pl $1,775,000
25 Adams La $4,025,000
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