New Year's Wishes

I was thinking about the upcoming year and what I would personally like to accomplish. In doing so, I started to reflect on my goals for my clients and what the real estate industry is really about. Despite the current economical situation, plans change and people's needs change also. However, I think it is fair to say that everyone desires to have a home to go to so my wishes for you in 2010 are as follows:

A place where you can put your first mark of adulthood after college pay off

A place where you can lay your head after a busy workday

A place where you can mark the kitchen wall with your children's height

A place where friends and family can come and be welcome

A place where you can retire with ease and comfort

A place where you can grow and watch things grow


Things will not be the same tomorrow and tomorrow can change in a day or a year but everyone should have a place called home.
Best Wishes for a Happy and Healthy New Year

Happy Holidays

WHAT A DIFFERENCE A WEEK MAKES


MEAD PARK SUNDAY DECEMBER 20


MEAD PARK DECEMBER 27

Peace and Goodwill

Throughout this Holiday Season Best Wishes to you and your family and friends.

Short Sales, A Long Process

Having been involved in several short sales and anticipating more to come, I found this article in The New York Times very interesting.

Taxable Debt in a Short Sale

Up to 2 million in taxable income may be forgiven for the years 2007 through 2012 according to IRS Mortgage Debt Relief Act of 2007.This law prevents debt forgiven by a lender from being counted as income by the IRS. HR 3648. If a homeowner negotiates any type of short sale with a lender, the homeowner will not be liable for any taxes on the forgiven debt. Click on the title to read more.

Wall St Journal Article Today. If you want a house that's environmentally friendly, here's what to look for

Click the title to read more

Real Estate Tax Appeal Deadline February 20. 2010

It is not too soon to begin planning if you are thinking about filing tax appeal for your New Canaan property taxes. By statute, property owners who wish to challenge their tax assessment on the October 1. 2009 Grand List must file an appeal with the Board of Assessment Appeals by February 20, 2010. An appeal must be based on appropriate legal and valuation grounds, never on a mere belief that the taxes are "too high". If you have any questions, call me to discuss.

Interesting Real Estate Activity in New Canaan this week

New Canaan Holiday Stroll December 4, 2009
The town looked beautiful all decked out in holiday lights and the crowds really enjoyed the evening.

In the last five days there were 4 sales which closed. All of them were definately in the lower end of the market
238 Old Stamford Rd $755,000
124 Farm Rd $804,500
57 Shaker Rd $848,750
8 Hampton Lane $1,100,000

However,contradicting this trend, there were also two pending contracts in the higher end of the market

57 Welles Lane $2,700,000
945 Oenoke Ridge Rd $3,875,000

New Canaan Real Estate Activity November 2009

MEAD PARK ON NOVEMBER 29, 2009


To sum up how the month fared, I am noting a gradual increase in activity with 13 closed sales as compared to November 2008. The average sales price this past month was $1,836,555 which is a decrease of 6% over last November's average sales price of $1,921,000. Compared to the third quarter 2009, which marked a decrease of 20% over third quarter 2008, the 6% shows an improving trend. The average days on the market for closed sales was 237 days and the list to sales ratio is 90.8%, fairly consistant with November 2008 ratio of 90.9%.

The following is the list of closed residential transactions for November

817 New Norwalk Rd $669,000
60 Fawn Lane $890,000
73 Bridle Path $1,105,000
161 Skyview Lane $1,260,000
6 Parish Rd $1,305,000
161 Bowery Rd $1,411,000
128 Dunning Rd $1,500,000
184 Lukes Wood Rd $1,900,000 (HOORAY!!!!!!!!!!!)
928 Ponus Ridge Rd $1,920,000
68 Ludlowe Rd $2,300,000
253 Oenoke Ridge Rd $2,400,000
78 Thurton Dr $3,110,000
119 Clearview Lane $3,975,000


In addition there are 9 pending transactions awaiting closing

129 Weed St $697,000
4 Village Dr $857,000
124 Farm Rd $875,000
103 South Ave $1,145,000
31 Thurton Dr $1,695,000
1313 Smith Ridge Rd $1,749,000
327 Frogtown Rd $2,395,000 (HOORAH!!!!!!!!!!!)
31 Beacon Hill Rd $2,695,000
945 Oenoke Ridge Rd $3,875,000

Happy Thanksgiving Day

Thanksgiving gives me the opportunity to tell you how much your friendship means.

The state of the market. My next article in The New Canaan Advertiser's Online Real Estate Column

The state of the market

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184 Lukes Wood Rd, New Canaan, Ct. Rented until 6/30/2010.

This exceptional property will be offered for rent again on July 1, 2010. It is currently rented. Over 8,000 sq ft of living space with 6 bedrooms, 3 car garage, 7+ private acres and a fully finished lower level which is an entertainment center extraordinaire. Visit website at www.newcanaancountryestate.com or click on title.