Year: 2012

YEAR END REPORT 2011 The real estate market has stabilized. We are getting more of the distressed properties sold and out of the bank system. It was predicted that Shadow Inventory (foreclosed or ready for foreclosure homes) would flood the market. Well, it never happened. Foreclosure filings in Connecticut dropped sharply in 2011 compared with […]

For Sale: 15 South Avenue, the Heart of Downtown New Canaan 15 South Avenue is a fully leased, 4,390 square foot, four tenant retail building situated on .081 acres in the heart of the downtown shopping district of New Canaan. The asking price is $3.95 million. For more information on this or similar buildings in […]

The median sales price is up 9.4%The average sales price is up 11.90% Days on market fell since this time last year, 5.64% average and 7.14% median drop. And, although not shown on this report, the Absorption rate shows we are down to 12 months of inventory, down from 14.4 months.