Have a wonderful weekend.
New Canaan Memorial Day Parade starts at 9:30AM, Monday May 26
OPEN HOUSE SUNDAY MAY 25 1-4PM
47 SHAGBARK DRIVE
Visit www.newcanaanresidence.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
Thursday, May 22, 2008
HAPPY MEMORIAL DAY
Have a wonderful weekend.
New Canaan Memorial Day Parade starts at 9:30AM, Monday May 26
Tuesday, May 20, 2008
What is really happening in the New Canaan Real Estate market.
In analyzing the sales statistics for the year to date, it is no surprise that New Canaan’s numbers are not as stellar as they were in past years. The number of residential sales so far this year add up to 52 closings. Compared to the past years, this is the tally:
2008 - 52 closings
2007 - 86 closings
2006 – 81 closings
2005 – 97 closings
2004 – 112 closings
Clearly, the number of transactions are significantly lower than one year ago and more than 50% lower than 4 years ago in the year 2004. However, the average sales price to date this year remains at the lofty level of $2,444,716 and the median price tops out at $2,025,000. While these numbers reflect the solid base of New Canaan real estate values, it is important not to paint a false picture. Homes that are priced well are the homes that have sold. Even though the average price to date this year is at a record level, it reflects transactions of homes that would have sold at much higher levels in the several years past. Crucial to selling your home in the current marketplace is pricing. In New Canaan, every home will sell, but only at the right price and the right price is a delicate balance of value, location and condition.
Sunday, May 18, 2008
New Canaan Real Estate Activity May 12, 2008 through May 18, 2008 (Single Family Residential Only)
New Listings
30 Summer St $695,000
115 River St $699,000
82 Lakewind Rd $1,225,000
868 Silvermine Rd $1,390,000
185 Silvermine Rd $1,395,000
143 Old Stamford Rd $1,425,000
89 South Bald Hill Rd $1,995,000
68 Running Brook La $2,199,000
81 Ramhorne Rd $2,950,000
52 Parade Hill La $2,995,000
284 Hawks Hill Rd $3,249,000
198 Bridle Path La $6,200,000
Pending Contracts
366 Ponus Ridge Rd $1,189,000
39 Grace St $1,250,000
571 Cheesespring Rd $1,295,000
34 Brookwood La $1,399,000
109 Beech Rd $1,544,250
499 Country Club Rd W $1,595,000
29 Myanos Rd $1,890,225
82 Canoe Hill Rd $3,095,000
362 South Ave $4,695,000
115 River St $699,000
82 Lakewind Rd $1,225,000
868 Silvermine Rd $1,390,000
185 Silvermine Rd $1,395,000
143 Old Stamford Rd $1,425,000
89 South Bald Hill Rd $1,995,000
68 Running Brook La $2,199,000
81 Ramhorne Rd $2,950,000
52 Parade Hill La $2,995,000
284 Hawks Hill Rd $3,249,000
198 Bridle Path La $6,200,000
Pending Contracts
366 Ponus Ridge Rd $1,189,000
39 Grace St $1,250,000
571 Cheesespring Rd $1,295,000
34 Brookwood La $1,399,000
109 Beech Rd $1,544,250
499 Country Club Rd W $1,595,000
29 Myanos Rd $1,890,225
82 Canoe Hill Rd $3,095,000
362 South Ave $4,695,000
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