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 hibernation [...]
Pending Sales, which are not included in this chart, continued to rise during the month of March which is traditionally one of the busiest for real estate transactions. Currently there are 29 single family residences and 5 condominiums under contract. Prices are up slightly, but on average still below October 2009 prices.
The month of April [...]
Housing sales continue to pick up in 2010. Even though there were only 4 closed sales this month behind the scenes there is a lot of activity . Currently there are 33 residences with signed contracts, a healthy increase from last year. Buyers are starting to reach into the higher price range with 7 [...]
Buyers took advantage of the price dip in the market and the low mortgage rates to boost real estate sales in New Canaan. January sales topped the last 4 consecutive years in number of closings. As of this posting there are 20 properties with deposits and signed contracts just waiting for their upcoming closing date.
The [...]
January 2010
Dear Brotherhood & Higley Friends,
2009 was a very complicated and difficult year for all of us and for residential real estate firms in particular. Brotherhood & Higley wants to thank all of our clients who were bold and ventured into the local real estate market and either bought or sold in 2009. Despite the [...]
Yes, my third quarter Sold Book ( compilation of all homes sold from Oct ‘08 through Sept ‘09 ) recently arrived much thinner than previous years, but those buyers who have stepped up to the window have walked away with some incredible deals. As an example, an 11 thousand square foot home built in 2007 [...]
This year’s fall season has seen the traditional influx of new homes to the market in the month of September. With a short window of opportunity before the holiday season sellers scrambled to list their homes in hopes of capturing those buyers who are taking advantage of low interest rates and greater inventory. Prices have [...]
August house sales show an encouraging up tick with the sale of 37 single family homes. Buyers continue to take advantage of the sizeable inventory and choice. For the second month in a row the majority of homes were purchased under $2. million with 14 homes selling in the price range of $1-2 million and [...]
The lines on this chart show the relationship between how many homes are put on the market, how many are getting offers and how many are actually closing. At the beginning of the year New Canaan had 338 single family residences listed for sale and as of July 31st, there are 261. There is still [...]
