New Canaan 2016 4th Quarter Real Estate Market Report

For most of 2016, local markets in Darien and New Canaan were driven by a nagging oversupply of inventory and a resulting lack of urgency on the part of homebuyers. As such, the picture painted by the typical year-end statistics is not particularly pretty for sellers: The number of homes sold in Darien and New… Read More

New Canaan Monthly Real Estate Report – Market Report March 2015

Despite all of the snow and cold temperatures this winter, first quarter sales in New Canaan kept pace with 2014. We had 34 houses close in Q1 compared with 36 last year. Average price and median price are down a bit versus last year at this time, but it’s too early to place a lot… Read More

Sales Down..Prices Inching Up..New Canaan CT 2014 Real Estate Market Report

The chart says it all… sales were down 6.7% from last year. The housing market, along with the job market, are still in recovery mode.  The good news for buyers was an increase in inventory, which at one point reached 364 homes on the market; however, homes listed between $1 and $2mm continue to be in… Read More

Signs Of A Recovering Real Estate Market

With temperatures chilly real estate sales grew hot in the first quarter of 2013. The number of buyers has out paced the inventory of homes available (currently 222 offered down approx. 12% from last year) and many sales went to multiple bids.  We are starting to see some modest price increases and sales where the average sale price… Read More

New Canaan Condominium Market 2012

My mother always said, “Good things come in small packages”.  As she was only 5’1″ in stature I understand her fondness for the saying.  In many ways she was right. But, smaller does not necessarily mean sacrificing comfortable amenities and functional space. Condominium buyers sought both last year in their effort to downsize and simplify their lives. More than… Read More

What New Canaan Buyers Purchased Last Year

Buyers headed towards the closing table with a little more gusto this past year in terms of number of homes sold.  This is a value driven real estate market so the number of homes sold is up by 4.2%, but average sales prices were down by approximately 13%. The strongest segment continues to be a 4-5… Read More

ReCap of 2012 New Canaan Real Estate Sales

Happy New Year and welcome to a chilly New England week. After putting away the Christmas decorations and already breaking those New Years food resolutions I finally had a chance to look at the numbers for the 2012 New Canaan real estate market. New Canaan real estate ended on a strong note with a higher… Read More

The State of the New Canaan Real Estate Market / a Snapshot of 2011

First let me thank all of my clients who ventured into the local real estate market in 2011. It is a joy and a privilege working with such wonderful people who honored me with multiple closings including the listing and selling of one of New Canaan’s landmark homes in less than a week. I appreciate… Read More

The Housing Update for New Canaan CT.

The New Canaan real estate market has been an interesting ride this year with fits and starts. Record low interest rates and realistic listing prices have resulted in increased sales within the higher price ranges. Of the 179 single family homes sold so far, 6 have sold over 5 million, 7 houses have sold in… Read More

Housing Market Update for New Canaan, Ct

When Warren Buffet speaks, the volume on the TV goes up, phone calls are ignored and people weigh his comments pretty carefully. Recently, he said “[h]ome ownership makes sense for most Americans, particularly at today’s lower prices and bargain interest rates.” He also said of home ownership,”the third best investment I ever made was the… Read More

houlihan-lawrence-real-estateHoulihan Lawrence Real Estate | 161 Elm Street, New Canaan, CT 06840

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