Market Report

The Noyes-Graff House of 1966, coming on the market tomorrow at $1.78 million We are getting a lot of panicked questions about the market this month because of the unusually high inventory levels. Why so many houses? Are there any buyers out there? What do I have to do to sell my house? Why isn’t […]

   https://www.halstead.com/sale/ct/new-canaan/1094-ponus-ridge/house/99099374#     Pride’s Crossing #9  $888,000   1 of 8 condos under $1mm         29 Maple Street condo  $899,000   as featured in the NYTimes      108 Toby’s Lane $1.325      private riverfront retreat           213 Old Stamford Rd $1.499     near South School & Waveny   […]

   When Do Deals Get Made in New Canaan?     Pride’s Crossing #9  $888,000  new listing TODAY.  It won’t last. 29 Maple Street condo    $899,000   now staged and looking great     108 Toby’s Lane     $1,350,000     returning to the MLS in March 213 Old Stamford Rd.    $1,499,000     […]

Last week at the Rotary Club we had a social media expert address the group. She told us to start off the subject line with a number to really get the reader’s attention. So, here goes the February Market Report with “231 Reasons to Buy in New Canaan”. Why 231 Reasons? Because that is how […]

Fellow Real Estate fans, China and oil grabbed all of the financial headlines this month. What about the Fairfield County real estate market? Glad you asked. Public Open Houses are getting traffic. Pendings are up (17 versus 11 in the last 30 days) This is what is happening in the market in our area:    […]

Download a copy of the Full Market Report for December 2015 here. In New Canaan, for the first 11 months of the year, we see 230 sales versus 228 last year, an increase of only .9% This detail shows a decline in the high end of the New Canaan market from 6 sales to 3 […]

November House Sales Look Okay but Condo Sales are Lagging   Nothing Surprising Here. Condo Sales Have Returned to the “New Normal” after a Frothy 2014   Inventory Levels are Up Across Fairfield County as Sellers Seek To Take The Profit and Retire Out- of-State   Note the Pending Sales are Relatively Strong at the […]

Here is a quick summary of what is happening in the market in our area. Area Sales: When looking at New Canaan and its surrounding towns of Stamford, Darien, Wilton, Norwalk, Westport, Weston and Ridgefield, collectively the total number of house closings is up 4.6% and volume of sales is up 3.3%. New Canaan market: […]

Sign Up to Receive Our Monthly Newsletter 1. Condo sales are down from last year. That’s because there is so little condo inventory. Correction: 14 condos came on the market in June to bring us back up to 38 condos for sale, up from only 24. 2. Sales are up in 2015 because of a strong […]

  Dear Friends, Often we get caught up in month-to-month swings. After a big October (sales and pendings) the pan came off the fire and things cooled down in December. It is time to reflect on 2014. – Double digit increases in median and average price show us that buyers and sellers are finally meeting […]

                         listing prices                    number of listings                 absorption rate              sold to list ratio              still strong             […]

The 2013 Graph of Listing and Selling Prices   The 2014 Graph of Listing and Selling Prices What the heck is happening? Fall is here and with it should be the busy fall real estate market. But, the year-to-date sales numbers are awful: down 16% year to date, down 18% in the quarter and down […]

  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 […]