New Canaan, CT Real Estate News

By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
   New Canaan, CT 06840    Real Estate Market Data for New Canaan, CT by Dagny Eason of Dagny's Real Estate   Here are the Average Sales Prices  for surrounding towns in Faifield County     New Canaan is a very nice town in Fairfield County.  It is popular for many reasons, great schools, great location, and it is the quintessential New England town, except in New Canaan there is much more than the country store.  New Canaan is unique from some of its neighboring towns because in New Canaan you can stroll down the streets, window shop and grab a coffe while on the go.  Not all Fairfield County towns are as walkable in town.       This month I thought we could explore some more unique architecture in Fairfield County.  The Glass House was built in 1949 by Philip Johnson.  Also know as t...
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
Dave’s Connecticut Tuna Tartare. One of our favorite appetizers’ served with rice crackers is sushi grade tuna tartare. Of course getting the best sushi tuna is a key element to this dish and here in Fairfield County we always go to our local fishmonger at Fishtales Seafood in New Canaan.   Ingredients 2 pounds sushi grade tuna steak 1/2 cups olive oil 2 limes, zest grated 4 limes freshly squeezed lime juice 1 1/2 teaspoons wasabi powder 2 tablespoons soy sauce 1 1/2 tablespoons hot red pepper sauce 1 tablespoons kosher salt 1/2 tablespoons freshly ground black pepper 1/4 cups minced chives. 2 tablespoons minced fresh jalapeno pepper, seeds removed 1/2 teaspoon sesame oil 1 1/2 tablespoons toasted sesame seeds, optional 1 avocado 2 tomatoes Rice Crackers. (2 packages, Whole Foods have a...
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
   New Canaan, CT 06840 Real Estate Market Data for New Canaan, CT by Dagny Eason of Dagny's Real Estate   Sales Price Averages for Surrounding Towns in Fairfield County     The Charts below will break the 1st quarter by month and compares 2013 to 2012.   1st Quarter 2013/2012 comparison Sales Price Averages 1st Quarter 2013/2012 Comparison Number of Sales       Currently in New Canaan... The Average Sale Price in February was $1,345,683 and 15 houses sold last month.  There are currently 227 active listings and 74 pending in New Canaan.     New Canaan Sales History In 2010, 229 homes sold with an average price of $1,516,795, in 2011, 248 homes sold with an average price of $1,612,295 and in 2012, 248 homes sold with an average price of $1,467,151.   New Canaan CT Population 20,144 Med...
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
Checklist to Hiring an Experienced Property Manager ~ Darien, Ct. By DMK Property Management llc, Darien, Ct. When it comes to property management, experience counts. Property managers come from many fields such as experienced real estate investors, building contractors, real estate agents, architects and educational centers and degrees. Many states require property managers to be licensed real estate brokers, license business and/or Community Association Managers which many require a certain amount of classroom hours, passing examinations and continuing education programs. With many states adopting new laws regarding real estate and property management check yearly with your state to see current status on licensing. Checklist to hiring an Experienced Property Manager. Tenant Relations....
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
   New Canaan, CT 06840 March 2013 Real Estate Market Data for New Canaan, CT by Dagny Eason of Dagny's Real Estate       Here are the Average Sales Prices in January & February for surrounding towns in Faifield County       Number of Homes Sold in  2011, 2012 and 2013   Average Sales Price of Homes in 2011, 2012, 2013   Currently in New Canaan... The Average Sale Price in February was $977,500 and 6 houses sold last month.  There are currently 174 active listings and 38 pending in New Canaan.     New Canaan Sales History In 2010, 229 homes sold with an average price of $1,516,795, in 2011, 248 homes sold with an average price of $1,612,295 and in 2012, 248 homes sold with an average price of $1,467,151.   New Canaan CT Population 20,144 Median Resident Age 43 Estimated Household Incom...
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
Norwegian Luck! As I was finishing my dinner tonight at a New Canaan restaurant named Cherry Street East, for those from the area, my phone rang - and I answered!    I always try not to in a restaurant, but this time - I was drawn to HAVE to answer that phone.     The lady on the other end was very understanding when I explained  that I was finishing up dinner at a restaurant, and could I call her back?   I don't know why, but at that point I think I also asked her what town she was interested in.   She said New Canaan!   I told her that was funny, since I was at a restaurant in New Canaan at the time.   She asked where? - this meant she knew the town well.....    We spoke later, and it turns out that her family is from Norway, as is her husbands, and we seemed to have a lot in common. ...
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
Connecticut Home Energy Audit $75. Connecticut’s Home Energy Solutions (HES) program is administered by utility companies, supported by Energize Connecticut and funded by a charge on customers of CL&P and UI electric bills. The Connecticut Energy Efficiency Fund is not a "state administered" program. The program is designed to test your homes energy efficiency by:                                -->Check up on your furnace and water heater. -->Blower door test and seal critical leaks. -->Hot water saving measures. -->Energy Efficient light bulbs. -->HVAC ducts and seal significant leaks -->Recommend improvements -->Provide rebate information. The energy audit involves a HES energy technician, that is certified by the Building Performance Institute (BPI), who will visit your home and perf...
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
     New Canaan, CT 06840 Active Listings, Sales Price Average, and  Homes Sold 2013 February 2013 Real Estate Market Data for New Canaan, CT by Dagny Eason of Dagny's Real Estate     Active Number of Listings 2011, 2012 and 2013       Number of Homes Sold in  2011, 2012 and 2013 Average Sales Price of Homes in 2011, 2012, 2013 Currently in New Canaan... The Average Sale Price in January was $1,305,583 and 12 houses sold last month.  There are currently 176 active listings and 28 pending in New Canaan.     New Canaan Sales History In 2010, 229 homes sold with an average price of $1,516,795, in 2011, 248 homes sold with an average price of $1,612,295 and in 2012, 248 homes sold with an average price of $1,467,151. New Canaan CT Population 20,144 Median Resident Age 43 Estimated Household...
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
Smaller is Better ~Multi-Purpose Rooms & Micro-Apartments. There is a trend happening in residential real estate of multi-purpose rooms that you are seeing more and more. The office can turn into a guest bedroom, the walk in closet is also the laundry room, sliding walls to create a great room or separate rooms. The key is to make the space flexible, maintain a flow and maximize space & storage. In New York City Mayor Bloomberg unveiled the winner of a city owned micro unit apartment complex where each unit will be between 250 to 370 square feet. These will be affordable housing apartments restricted to tenants earning no more than $77,190 a year. To help in the cost of construction the 10 story tower will be modular construction with prefabricated units stacked on top of one another.  ...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
NEW CANAAN Market Trends December 2012 New Canaan’s market remained strong until the last three months.  Nevertheless, prices are higher than at the start of the year. The bottom of the market in most of Fairfield County occurred in January/February and January was the lowest point so far for New Canaan prices.  Our trend analyses show that New Canaan’s prices declining and sales are slowing, but this is likely seasonal.     New Canaan Inventory New Canaan Sales Hottest Homes in New Canaan What homes are most in demand by buyers in New Canaan?  The sweet spot in the market is for 4 bedroom homes with a list price of $1.2-1.3 million.  They tend to be on the market only 100 days and sell for 96% of list price. 
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
Green Tip #4, Seal & Insulate Attic Doors. Be it an attic door, pull down stairway or hatch, this is a big hole that goes from your condition living space to an unheated dirty space. Besides losing heating and air conditioning you are also allowing dust and particles into your living environment. For better energy efficiency and healthier living conditions these passageways need to be sealed and insulted. The easiest way is to use the proper weather stripping on the doorway and then as well install some type of insulation box, shell or blanket. There are many products you can buy ready-made, here are some of them: The Battic Door attic stairs cover. $50 - $125 The Attic Tent. $200 The Draft Cap attic stair insulator. $145 The Energy Guardian. $185 The Blanket.  $50. To read more on atti...
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
New Recipe ~ Bo Kho. During the winter months here in New England our family likes to try one new recipe a week to spice life up a bit. This week’s meal comes from the Wall Street Journal and it is a Vietnamese Beef Stew that originates in the Southern part of Vietnam. Like many traditional meals there is a tremendous variety of ingredients you can use. This one below seems to be somewhere in the middle but others include additional ingredients such as chili, hot peppers, daikon, fresh coconut, curry, potatoes and sometimes even beer. With such aromatic ingredients the house smells wonderful as the stews simmers and permeates the air with savory, sweet and spicy all at once.   Bo Kho ~ Vietnamese Beef Stew If you'd like to substitute beef shank for chuck, buy 2¾ pounds bone-in pieces, a...
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
Seal Your Leaky Ducts Now with AEROSEAL, UL-listed.   It is not uncommon to have your ducts leaking by 20% and sometimes even 30% or more which means lost heating and cooling to your living space. With new ‘green’ building practices duct work usually remains within the condition living space but the majority of prior built homes have ducts in unconditioned spaces such as attics, basements and crawl spaces. Once the duct work is in place with in walls and other hard to reach locations it has been in the past hard to repair leaks and faulty workmanship. Now you do not have to rip out old leaky ducts with this new vapor sealer that is injected into your ducts. Aeroseal is a nationwide company, 5 dealers in Connecticut, with a product that is a vinyl sealing material that starts off as a ga...
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
New Canaan, CT  Year End Average Sales Prices and 4th Quarter Analysis January 2013 Real Estate Market Data for New Canaan, CT by Dagny Eason of Dagny's Real Estate      Average Sales Prices 3 Year Comparison by Month Sales Volume shown by PRICE The average sale price in 2010 was $1,516,795, in 2011 it was $1,612,295 and 2012's average was $1,467,151. Number of Homes Sold in the 4th Quarter (Oct., Nov., Dec.)  2009, 2010, 2011, 2012 In the fourth quarter of 2012 there was a sudden rush to sell quickly before all of the tax laws changed.    Many made sure that they were in a good position for Uncle Sam when he came knocking..... New Canaan's 4th quarter was very busy!!  The same number of homes sold in 2011 as in 2012 but look, over 20 more house sold in the 4th quarter in 2012.  Most pr...
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
 InfoGraph Is it TIME to Hire a Property Manager? Part 1/2. Follow the InfoGraph chart and take the quiz to find out if it is time for you to hire a property manager or if you are doing a great job as your own landlord. This is part one of two in a series by DMK Property Management llc, Darien Connecticut. For more free information and tips about property management visit www.DMKpropertymanagmentllc.com and check out our resource page and blog.     Source: AppFolio.com      Part 2   ~   When Should You Hire a Property Management Firm? Part2/2  
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
Why Short Sale vs. Foreclosure- Homes for Sale, New Canaan CT 06890     Homes for sale, New Canaan CT 06890 MYTH-      I can’t afford to pay my mortgage payments!       I stress about how I will find the money to pay my next payment.       All my other bills and providing for my family is way too much stress.       I give up.     I have no other option, but to have the bank foreclose on my property. FACT-       I want you to know that you have options.       Allowing the bank to foreclose will not relieve you from your debt nor give you a clean slate.     What will help you is the process of a short sale and the Mortgage Relief Act. To have a better understanding on the Mortgage Relief Act: Please see my previous blog on the Mortgage Relief Act .    What is a short Sale in New Canaan CT...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
NEW CANAAN Market Trends November 2012 New Canaan is still in a strong Buyer’s Market.  The Spring market resulted in more sales, lower inventory, and higher prices.  The bottom of the market in most of Fairfield County occurred in January/February and January was the lowest point so far for New Canaan prices.  Our trend analyses show that New Canaan’s prices are still increasing.  The slowdown in number of sales is likely seasonal.   NEW CANAAN INVENTORY NEW CANAAN SALES NEW CANAAN'S HOTTEST HOMES What homes are most in demand by buyers in New Canaan?  The sweet spot in the market is for 4 bedroom homes with a list price of $1.2-1.3 million.  They tend to be on the market only 126 days and sell for 96% of list price.  
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
New Canaan Average Sales Prices and Active Listings  Real Estate Market Data for New Canaan, CT by Dagny Eason of Dagny's Real Estate      Average Sales Price by Month 2010-2012  Active Listings by Month 2010-2012 New Canaan Average sale price in December is $1,147,500and 6 houses have sold so far in December.  Year to date 227 homes have sold with an average price of $1,437,868. There are currently 191 active listings and 36 pending in New Canaan. New Canaan CT Population 20,000 Median Resident Age 40.2 Estimated Household Income $171,806 Median House or Condo Value in 2012 $1,200,000 (These statistics are estimates)   Wilton CT 06897 Average Sales Prices and Number of Sales in Town Weston CT 06883 Home Sales & Months of Inventory December 2012 Westport CT  Average Sales Prices & Activ...
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
Happy Holidays from DMK Property Management.              FREE Ribbet Photo Editor Is The Replacement for Picnik. Now with PicNik gone where to go for easy to use online photo editing. Ribbet.com is the replacement to use, Free and very similar to PicNik. Happy Holidays and Best Wishes for the New Year 2013.
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
7 Property Management Mistakes To Avoid.     By DMK Property Management llc, Darien, Ct.   Whether you are a property manager, homeowner, landlord or investor there are some key property management mistakes you want to avoid. Sometimes being penny wise is being dollar foolish. Owning property is a long-term investment with the building, the land and the tenant so planning ahead is important. Here are some tips to help you along the way. Screen and Interview Tenants. Do your due diligence, have the tenant fill out a rental application, collect the fee for a credit report, criminal background check and call to confirm employment.  Remember when doing your tenant background check fair housing laws require that what you do for one you do for all, be consistent. And get a copy of the ID to m...
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