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 reduced $59,000. since last month […]

I just crunched the numbers on the last two years of closed listings in New Canaan.  I sorted the list by school zone: East, South and West Fascinating spreadsheet. South East West Original Asking $1,571,742. $1,861,635 $2,350,986. Final Asking $1,543,084. $1,784,402 $2,265,602. Sold Price  $1,489,605. $1,702,498 $2,129,125. Percentage of Orig   94.77% 91.45% 90.56% Avg. […]

Just listed: A profitable little restaurant on Elm for $295,000.  To get more information about exactly how profitable this restaurant is you’ll have to sign a confidentiality statement (I did) but if you are looking for a restaurant location and you can do it in 1200 feet then this might be the ticket. For more […]

Nelson Oliveira of The New Canaan News did a story this week on the current revaluation taking place. While he got most of it right and property values are down an average of 2.8%, it is impossible to paint the whole market with one brush.  http://m.newcanaannewsonline.com/default/article/New-Canaan-property-values-on-the-decline-5214576.php Of note, they quoted me saying:  The value of […]

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 […]

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.

Editor, Advertiser, I am writing this letter in support of John Engel for Selectman. John is a person who’s involved himself in the town of New Canaan for many years. By way of example, he’s a regular at the New Canaan Advertiser coffees; but what’s important for voters to know is that he’s attended the […]