The Lee Memorial Garden in New Canaan

New Canaan is rich with hidden treasures created by individuals with passion and creativity. These 2.7 acres of pure woodland bliss and spectacular display in spring is a gift left to us by George S. Lee who spent 40 years establishing this extraordinary refuge. The Lee Memorial Garden is a grateful tonic for the soul after the snows have melted and the winds subsided. After a day of real estate, or yet one more load of laundry, a stroll through the gardens relaxes my shoulders that have somehow managed to creep up to my ears. Do yourself a favor and leave your blackberry and your cell phone in the car. We all need time off from the world and dinner can wait.

New Canaan Real Estate Prices and Sales

[image title=”bh-market-stats-table-1910″ size=”large” id=”790″ align=”none” alt=”Recent market statistics as of April 9, 2010″ linkto=”viewer” ]
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 should post similar numbers as the spring market is in full swing. It will be interesting to see what it looks like after the tax credit expires although in our market that has not been a primary factor. Interest rates seem to be the driving force and with the end of the Fed’s MBS purchase program this will pressure the Bond prices lower and home loan rates higher. While it is encouraging to see selling prices up home owners should be cautious in interpreting the data. The key to selling in this market is sharp pricing.