This past Tuesday John Engel hosted a lively discussion on changes in the New York residential market and its immediate impact on the suburban market, particularly the Gold Coast of Connecticut. We learned from chief economist Greg Heym when New York might bounce back. Darien’s 1st Selectman Jayme Stevenson responded with yet another tax cut.  Scott […]

Feeling blorft? For less than the price of a New York studio apartment facing a brick wall you could have 5 acres of beautiful property with two houses and a dock on a nearly deserted island in Florida.

       16 Individual Town Reports. To download full reports click on the town names.         Or go to the bottom of the page. This month we looked at total dollar volume as an indicator of market health. Three towns stand out posting solid dollar volume numbers: Darien, Old Greenwich and Rowayton. The rest of […]

       16 Individual Town Reports. To download full reports click on the links at the bottom of the email. This is the 6 month report for Fairfield County. Good news: interest rates at record lows, 3% Bad news: there is little urgency among buyers  Good news: budget skips tolls & regionalization Bad news: state budget […]

New Canaan was just named one of the “15 Best Small Towns to Visit in 2019” by Smithsonian magazine. Every year their editors search the entire country for places that sing to our imaginations and offer a distinct sense of place. New Canaan is now recognized as the best of small town America. That’s some […]

The Town Council on April 4th approved a Total Expenditure Budget of $150.94 million for fiscal year 2019-20, representing a decrease of 0.43% over the current fiscal year’s amended budget expenditure of $151.58 million. This is the first decline in more than a decade. The funds to be raised by taxation declined to $139.23 million […]

Friends! Find out the state of Connecticut real estate by clicking on the links to the right. Of note:  * New Canaan July closings rebounded 7% August closings from 18 to 26, a 44% gain. * New Canaan annual $ volume was down 16%, now down 9.2%. Inventory up to 313.    * Rowayton closings down 55% Median price down 32% […]

The number of sales is down 23.8% this year in New Canaan, 96 versus 126 last year. If we go back 3 years we see sales of 100 and 119. In that context 96 is not nearly so alarming.  Zillow calls it a “buyer’s market” saying home values have declined 1.3% in the last year.  […]

To download the entire market report as a PDF, click here. House closings: The 172 house closings in New Canaan over the first 8 months of 2017 is a 26.5% increase vs. the same time frame in 2016. The difference has been seen entirely in the under $2 million price point, where New Canaan has […]

According to today’s New Canaan Advertiser: Home sales up 28% year-to-date; growth at points under $2 million I think that this feels a little optimistic and can be a bit misleading for a couple of reasons the comparisons are only made between this year and last year. 2016 was an unusual year with record levels of […]

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 […]