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 Home Sales January to November 2012    New Canaan Market Data                                                                                             List Price Average vs. Sales Price Average in New Canaan for the Past 12 months List prices were quite a bit higher in late last year all the way through the Spring of this year.  The Average List Prices and Average Sales prices have leveled off a bit this Fall. New Canaan's active inventory of homes for sale for this market year of 2012 has remained steadier than previous years as showm in the following chart.   It will be interesting to see the remainder of the year's inventory patterns.      View Larger Map    See more about New Canaan 
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
DMK Property Management Serving Fairfield County, Ct. DMK Property Management llc is a locally owned company located in Darien, Connecticut that is serving lower Fairfield County. Their unique business plan allows the principals to offer custom tailored service packages to homeowners, landlords, investors and new to the neighborhood residents. Services offered can range from daily, weekly and monthly home check ins while the family is vacationing to full estate management. Other service include rental property administration for short and long term relocations, opening and closing of weekend homes, home safety and maintenance checklists. With over 75 years combined experience in residential property DMK is a full service hands on property management company. To learn more about the prin...
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
Open House New Canaan CT 06840 Land on Gerrish Lane 11-18-12 from 1-4 pm Buying land in New Canaan?   Wish you could design your own home on land on one of the most prestigious streets in town? Want a Gunite pool built by Wagner (the best!) on a property that is  close to New Canaan town center? Desire to have a short morning walk to the train station to NYC instead of a long drive? It is all possible for $1,500,000  There is land for sale very close to town right on extremely prestigious Gerrish Lane in New Canaan, CT 06840!   Contact Dagny Eason at 203-858-4853 or at the office 203-762-1700 for more details. or look at My Website.   View Larger Map
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
NEW CANAAN Market Trends October 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.  Prices have been rising over the past 12 months, although the number of sales has slowed down over the past three months.   48 homes over $2 million sold over the past 12 months.  The lowest price was $365,000 and the highest was $5,300,000.  The median sales price was $1.4 million.   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 $1.3-1.4 million.  They tend to be on the market 114 days and sell f...
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By Debbie Gartner, The Flooring Girl & Blog Stylist -Dynamo Marketers
(The Flooring Girl)
Selecting carpet for your home in New Canaan CT has never been easier...now, you can Shop at Home for your carpeting in Fairfield CT. Have you ever been to a carpet store and just felt lost and overwhelmed?  Sometimes, there are so many options that you don't even know where to start.  Sometimes, you may go into a store and find so many choices that you leave you more confused than you felt when you entered?  How do you know what's the best type of carpet for your home in New Canaan CT?  What's the right one for your budget?  And, what's the right color?  Here's where we can help. We make shopping for carpet in Fairfieldfun and easy. Everything starts with the area you are looking to carpet.  Is it for a bedroom or a living room or a family room or basement or the steps?  Different room...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
NEW CANAAN Market Trends September 2012 New Canaan is still in a strong Buyer’s Market, but moving toward a balanced 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.  That being said, the news media has played up New Canaan and Greenwich as having declined 12.9% from the year before.  Our trend analyses show that while that may be true, both prices and number of sales are improving.   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 $1.3-1.4 million.  They tend t...
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
 New Canaan CT Homes for Sale 06890 MORTGAGE DEBT RELIEF ACT- EXPIRES AT THE END OF THE YEAR     TAKE ADVANTAGE NOW!! TIME IS RUNNING OUT!   We all know that our economy has been in distress.     Are you facing stress or hardships?     Feel lost and don’t know what you’re going to do? If you lost your job, or simply cannot afford to make your monthly mortgage payments, there may be relief.   20 Homes for sale in New Canaan , CT were foreclosed since June of 2007. 7 of those homes for sale were foreclosed on in the last year. Do not become a statistic, save yourself the grief of large amounts of debt. You can be protected.     THE MORTGAGE RELIEF ACT   If you have a home for sale and are not aware of the benefits you may be eligible, I do recommend you educate yourself, and educate yours...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
  New Canaan is still in a Buyer’s Market, but moving toward a balanced market.  The Spring market resulted in more sales, lower inventory, but lower prices.  The bottom of the market in most of Fairfield County occurred in January/February, but perhaps the New Canaan market has not yet hit bottom.  New Canaan’s market is heavily dependent upon the high end of the financial services sector, which is still not as lucrative as it once was.  The signals are mixed for the New Canaan market, lower inventory usually results in higher prices.  Many signals are going in the right direction, except for the most important one – price. 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 $1.4-1.5 million.  They tend to b...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
New Canaan is still in a Buyer’s Market, but moving toward a balanced market. The Spring market resulted in more sales, lower inventory, but only slightly higher prices. The bottom of the market in most of Fairfield County occurred in January/February, but perhaps the bottom occurred into March in New Canaan. The Average Sales Price is not much higher than Darien’s ($1,568,617 vs. $1,558,578). It looks like New Canaan’s real estate market hit bottom in Q1 2012 and a recovery is now underway. The recovery has not gained as much steam as Darien, but the indicators for a recovery are there.
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By Women of Westchester Working Together, Women helping Women get ahead
(Women of Westchester Working Together)
If you are planning a painting project for your home in New Canaan CT, it's important to understand the value of proper preparation.   You've probably heard that the final look and durability of a paint job is largely dependent on the amount and quality of the preparation.  A layer of paint is only about the thickness of a human hair; so it won't hide defects or fix a faulty substrate.   Although it can be very time consuming, good preparation is worth every effort as it will improve the quality and longevity of the finished surface.   There are various levels of preparation as well.  If you are using a professional New Canaan painter for your interior painting project, it is important to have a mutual understanding of your expectations of the finished surface to determine how "perfect"...
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By Debbie Gartner, The Flooring Girl & Blog Stylist -Dynamo Marketers
(The Flooring Girl)
Do you have a Scooter?  Do you live in Fairfield County? If so, we'd love for you to join the Underdog Scooter Club.  It's fun and it's free.  Just a bunch of cool fun people that like to hang out and ride scooters. You can join our new Facebook group The Underdog Scooter Club and see what we are all about. Here's more about us: UnderDog Scooter Club is a club for scooter enthusiasts in lower Fairfield County, CT. We lead group scooter rides, organize scooter rallies, promote safe riding and more! Our membership is public, and most of our events are open to all. We accept anyone who has a scooter and wants to ride, and that’s it! You can contact John at underdogscooterclub@gmail.com Fairfield County Scooter Club - Underdog Scooter Club  
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
  NEW CANAAN Market Trends Report June 2012   The New Canaan, Connecticut real estate market enjoyed a good, but not great Spring market. The 3 month trend shows that all indicators are showing signs of a more balanced market.  The number of sales and sale prices are trending upward as is the Average List to Sales Price ratio.   Average Days on Market has decreased. The amount of inventory that the market can absorb is still very high compared to other Fairfield County towns (of the nine towns we track, only Weston and Easton had slower absorption rates).   We use the 12 month figure to determine inventory absorption, which means that it would take 18.5 months to sell every home currently on the market in New Canaan. Thinking of buying or selling in New Canaan, Connecticut, call Gail R...
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
  Real Estate Market Report for Darien, New Canaan and Rowayton, Ct mid July 2012. Real estate market report for Darien, New Canaan and Rowayton, Connecticut for mid-July, 2012 showing activity with a total of 25 closings between the three towns.  New Canaan Weekly Market Report ending July 15th shows: New Listings at 9 Price Changes at 7 Pending Offers at 7 Closed at 14   Darien Market Report July 11 to 17, 2012 shows: New Listings at 4 Price Changes at 4 Accepted Offers at 5 Deposits at 2 Closed at 9   Rowayton & Wilson Point Market Report July 11 to 17, 2012 shows: New Listings at 3 Price Changes at 5 Accepted Offers at 0 Deposits at 4 Closed at 2           David Popoff is a Connecticut license real estate agent in lower Fairfield County. He has lived and worked in the area for over ...
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By Debbie Gartner, The Flooring Girl & Blog Stylist -Dynamo Marketers
(The Flooring Girl)
Are you looking to sand and refinish hardwood floors in New Canaan CT?   It's amazing what a difference refinishing your hardwood flooring can make.  Your floors will look brand new and you even have the option to change the color.  You can go light, dark, mid tones, or red tones. It can really give your home (or room) a whole new look.   If you have hardwood underneath your carpets, we can restore the beauty of the hardwood underneath. It's amazing what a big difference this can make in your home.  And, believe it or not, it is usually less expensive to refinish your floors than to recarpet.  Refinishing your wood floors will also improve your home's value and it will be easier to clean and maintain.   At Floor Coverings International, we are a shop at home service.  We will bring the ...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
  NEW CANAAN Market Trends Report May 2012   The New Canaan, Connecticut real estate market is showing signs of picking up yet. The 3 month trend shows that all indicators are showing signs of a more balanced market.  The number of sales and sale prices are trending upward as is the Average List to Sales Price ratio.   Average Days on Market has decreased. The amount of inventory that the market can absorb is still too high.   We use the 12 month absorption rate instead of the 3 or 6 month rate to determine inventory absorption, which means that it would take 18.4 months to sell every home currently on the market in New Canaan. Thinking of buying or selling in New Canaan, Connecticut, call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
    NEW CANAAN Market Trends April 2012     New Canaan is a Buyer’s Market.  There is currently more than 18 months of inventory (using the 12 month rate) and the trend over the past six and three months is in the direction of a strong Buyer’s Market with fewer sales, more inventory, and decreasing prices.  The decreasing Days on Market is a good sign as is the small tick up in Average List to Sales Price.  Sales are slow at the high end of the market in Fairfield County and New Canaan has the highest average prices of the Fairfield County homes that we track, so it is not surprising that New Canaan also has one of the highest Months Supply on Market.
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
Modern Home Tour New Canaan, Ct. Had Huge Turn Out.   Sunday May 20th, 2012 turned out to a perfect sunny day for the William Pitt Sotheby’s Third Annual Modern House tour of mid-century moderns. There were 8 homes on tour some for sale (see below) and some just open to the public for the day. Some of the homes were designed by the famous New Canaan “Harvard Five”, associates and Frank Lloyd Wright’s top apprentice John Howe. Five of the homes were in New Canaan, one in each of Darien, Wilton and Weston. In general the homes represented certain modern architectural principles such as:- Large glass windows and wall to bring the outside in. Open easy flow floor plans. Lots of natural light provided by the expansive windows and multiple skylights. The building was designed to fit the natur...
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
Lower Home Prices & Mortgage Rates = Opportunity in New Canaan, Ct. May 2012. May 10th, 2012. With rental rates rising nationwide owning a home seems more affordable now especially with mortgage rates yet again hitting a record low along with declining home prices. In New Canaan, Connecticut the median sold price year to date compared to last year is down 30.69% at a median sold price of $1,295,000. Along with that the numbers of homes sold are down 17.07% year to date compared to last year in New Canaan, Ct. while new listings during the same period are up 107.87%. Currently on the Greater Fairfield County CMLS there are 279 single family homes for sale ranging in price from $399,900 through to $17,000,000 which is a 52 acre parcel with a grand French style manor house of 14,266 square...
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1st Quarter 2012 Fairfield County, Connecticut Real Estate Market Trend by UConn School of Business Center for Real Estate. According to the statistics that the University of Connecticut’s School of Business’s for Real Estate and Urban Economic Studies home value prices over all have fallen from their peak in 2006. According to the report mid-tier* home values in 14 Fairfield County cities and towns have diminished by an average of almost $244,047 since 2006 with New Canaan having the largest decrease of $533,058 and Monroe at the opposite end with accumulated decrease of $129,584. Obliviously these are reflective of the median price point of single family homes in each town. Currently in: New Canaan the median sold price Year to Date March 2012 is $1,080,000. New Canaan median sold pri...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
  NEW CANAAN Market Trends Report March 2012   The New Canaan, Connecticut real estate market is not showing signs of picking up yet. Both the number of sale and prices prices continue to trend downward.  TWe use the 12 month absorption rate instead of the 3 or 6 month rate to determine inventory absorption, which means that it would take about 15 months to sell every home currently on the market in New Canaan. Thinking of buying or selling in New Canaan, Connecticut, call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.
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