Why Buy a Home in 2009?

My latest column in The New Canaan Advertiser Online speaks about some of the reasons that one would consider buying in New Canaan this year. Click on the title to read the article.

Another Huge Price Reduction on Bank Owned Foreclosed Estate in New Canaan

This bank is motivated to sell this property. This home will be a really incredible buy for a smart buyer. Now priced at $2,900,000 after being reduced yesterday by another $250,000, this home is a bargain.
STOP BY THE OPEN HOUSE THIS SUNDAY, JAN 25 FROM 1-4PM TO CHECK IT OUT OR VISIT
WWW.NEWCANAANCOUNTRYESTATE.COM

Also, as I had mentioned in my previous blogs, there are so many good homes on the market in New Canaan currently, a buyer has some terrific choices. One home that would never have stayed on the market in the past is 687 Carter St. It is an immaculate Colonial, completely renovated recently, with the most incredible thought to design and construction. This home has everything: dynamite kitchen with views of oversized swimming pool and sport court, 2 level usuable acres with children's play yard, new 3 car garage, fantastic mudroom addition with gym and full bath. It is immaculate and move in.
OPEN HOUSE THIS SUNDAY JANUARY 25 FROM 1-3 PM
Priced at $2,395,000, try to stop by and see for yourself
www.687carterstreet.com

$1,000,000 Price Reduction on 139 Hoyt Farm Rd, New Canaan, Ct now listed for $2,495,000

This motivated seller has decided to bite the bullet and sell this home. It has over 8,000 sq ft on 2 high level acres in Hoyt Farms. 10 foot ceilings, detailed moldings, marble baths, 2 story entrance hall with double staircase, 3 car garage,4 fireplaces and swimming pool. This owner says "SELL NOW". This is really an incredible opportunity for the astute buyer as the value of the land and replacement value of the house so much exceeds the asking price. To see more pictures please visit www.hoytfarmnewcanaan.com or click on the headline.

New Canaan Real Estate Activity December 15, 2008 through January 19, 2009 (Residential Only)

While there has not been too much activity over the last month, I sense that buyer interest levels are picking up as showing activity on listed homes is increasing. There are only 198 homes on the market for sale in New Canaan as of now and my advice to sellers is that if you are thinking of selling your New Canaan home this year, list it soon, because there is less competition right now. As the inventory tends to increase as we go into the spring market, you will less homes to compete with.

New Listings

18 Olmstead Court $799,000
155 Jelliff Mill Rd $1,059,000
56 Birchwood Ave $1,099,000
577 Cheesespring Rd $1,189,000
30 Mariomi Rd $1,250,000
48 Salem Rd $1,399,000
757 Oenoke Ridge Rd $5,695,000
266 Michigan Rd $6,795,000
195 Dans Highway $9,995,000

Pending Contracts

22 Urban St $599,000
51 White Oak Shade $1,195,000
44 Benedict Hill Rd $1,799,000
45 Shagbark Dr $2,099,000

Homes Sold

144 Hillcrest Rd $950,000