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

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

Lurking within the halls of the state governing bodies was the insane piece of legislation that proposed a conveyance tax on the home buyer. This just in from the Connecticut Association of Realtors, Inc: “Senate Bill 1019, was killed in the State Senate. This bill would have resulted in ANOTHER increase in real estate conveyance… Read More

The first quarter ended with decent home sales activity. Single family and condominium sales were up 33% from the same period last year. The remainder of the year should be better still for the followng reasons: ~ More jobs ~ Rising apartment rents ~ Rising stock market wealth ~ Home values at historically justifiable levels… Read More

Posting last week’s New Canaan market update got away from me, which is a good thing. It means real estate was cranking along and I was introducing people to our wonderful town. Numbers have been up…not prices necessarily, but the number of properties selling. As of today there are 142 closed transactions, 75 additional properties… Read More

We know every real estate office touts their productivity numbers with a variety of claims and from a variety of sources….so I decided to do a little simple digging. I charted out the actual results as provided by the New Canaan Multiple Listing Service regarding number of listing/sales by office and the average dollar volume… Read More

With the recent doom and gloom headlines “US new home sales plunge to lowest levels since 1963″ and “existing single-family home sales — accounting for the bulk of transactions — were at the lowest since May 1995″ the question I am constantly hearing is “How is the market“?. In reality real estate is local and… Read More

If you have a blog I suppose you should be blogging!  Well, the past several months got away from me which should indicate to you all that real estate in New Canaan became quite active. As is the norm our inventory tends to rise during the spring. Properties look their best, people come out of… Read More