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 purchase of my home” (wedding rings being his number one and two best investments). His approach to home ownership is based on 3 basic steps.
1. Buy a home you can afford. What is better is to buy a home that makes sense for your family’s future and its finances. In other words, make sure your eyes aren’t bigger than your wallet.
2. Plan to hold. Buffet’s stock investing advice has long been to avoid making investments you can’t hold for at least 10 years. Likewise, buying a home should be done with a long-term plan to avoid catastrophe when home values fluctuate in the short term.
3. Fixed affordable mortgages. A good rule of thumb is to stick with a fixed mortgage payment (including taxes and insurance) that’s under 30 percent of your take home income.
From the number of real estate sales so far this year, people are taking his advice.

[image title=”Yearly Comparison of Sales in New Canaan, CT 2007-2011″ size=”large” id=”1346″ align=”none” ]

Ardsley Square

Ardsley SquareFormerly the site of the historic Ardsley Inn located within one block of the New Canaan Train Station, Ardsley Square is six luxury town homes offering the ultimate in in-town living. These individual town homes offer forty eight hundred square feet of living space with three bedrooms, four and one half baths, living room with fireplace, formal dining room, state-of-the-art Kitchens by Deane, master bedroom with fireplace, family room with fireplace, workout/rec room, media room, elevator to all floors, two laundry areas and a two car garage

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Mid Century Modern Homes in New Canaan

The Harvard Five was a group of architects that settled in New Canaan, Connecticut in the 1940s: John M. Johansen, Marcel Breuer, Landis Gores, Philip Johnson and Eliot Noyes. Marcel Breuer was an instructor at the Harvard Graduate School of Design, while Gores, Johansen, Johnson and Noyes were students there.[1]

They were all influenced by Walter Gropius, a leader in the Bauhaus movement and the head of the architecture program at Harvard.

The small town of New Canaan is nationally recognized for its many examples of modern architecture. Approximately 100 modern homes were built in town, including Johnson’s Glass House and the Landis Gores House, and about 20 have been torn down. Four are now listed on the U.S. National Register of Historic Places: the Landis Gores House, the Richard and Geraldine Hodgson House, the Philip Johnson Glass House, and the Noyes House.

Other notable architects lived in New Canaan and designed residences for themselves and clients there, including John Black Lee, Hugh Smallen, Victor Christ-Janer, Alan Goldberg, and Carl Koch.

Mid Century Modern Real Estate Listings

Mid-Century Modern Homes Resources

Modern Homes Survey New Canaan, CT

The Philip Johnson Glass House – New Canaan, CT

The Harvard Five in New Canaan
Source: Wikipedia CC-BY-SA

New Canaan CT Schools

New Canaan boasts a variety of excellent public and private schools with the highest state ratings. Over 95.4% of graduates continue their education in colleges and universities. The public school system was recently ranked number one in the State and number two in the country among comparable communities by Forbes magazine. The public school system is comprised of three elementary schools (West, South and East Schools), Saxe Middle School and New Canaan High School. The public school system offers special education programs and several adult education classes are available. New Canaan’s per pupil expenditure in 2009-10 was $17,032. 2010 SAT Scores: Math 610; Critical Reading 585; Writing 601. These scores earned the New Canaan High School the number 1 ranking in Connecticut.
Americas Best School Districts for Your Housing Buck

East Elementary School
54 Littlebrook Road
West Elementary School
769 Ponus Ridge
South Elementary School
8 Farm Road
Saxe Middle School, grades 5-8
468 South Avenue
New Canaan High School, grades 9-12,
11 Farm Road

Private Schools in New Canaan

St. Aloysius School (Catholic, K-8)
http://www.staloysiuschool.net, 203.966.0786
Founded in 1956 and located in the heart of downtown New Canaan, St. Aloysius School is a Roman Catholic diocesan co-educational school for grades kindergarten through eight. This year St. Aloysius was named a National Blue Ribbon School by the Secretary of Education, one of only 50 private schools in the nation to achieve this distinction. St. Aloysius earned this award for “Outstanding Academic Achievement” in reading and mathematics. The School’s Eighth Grade graduating classes of the past two years scored in the top 10 percent nationally on standardized reading and math tests for five consecutive years.
St. Luke’s School (independent, 5-12)
http://www.stlukesct.org, 203.966.5612
Founded in 1927 on a campus of over 40 acres, St. Lukes educates 504 students, 239 in the Middle School and 265 in the Upper School. The average class size is 10 to 12 students and the faculty to student ratio is 1:8. 70 students graduated in 2009 and are moving on to colleges including: Amherst College; Boston College; Brown University; Bowdoin; College of the Holy Cross; Colgate; Cornell; Dartmouth College; Georgetown; Middlebury; New York University; Skidmore College; Trinity College; Tufts University; University of Richmond; Wake Forest University, Wesleyan University.
New Canaan Country School (independent, preK-9)
http://www.countryschool.net/ Located at the corner of Frogtown Road and Ponus Ridge Road, the New Canaan Country School is home to 621 students from pre-K through Ninth Grade. Founded in 1916 the New Canaan Country School features a 75 acre campus, a student to teacher ratio of 6:1, and a diverse student body drawing from over 18 area towns. The average teacher there has been teaching over 18 years and 68% have a graduate degree.

Nursery Schools in New Canaan

Beginner’s Nature Program
The New Canaan Nature Center
144 Oenoke Ridge
New Canaan, CT 06840
New Canaan Community Nursery School
77 Old Norwalk Road
New Canaan, CT 06840
First Presbyterian Nursery School
178 Oenoke Ridge
New Canaan, CT 06840
Playland Nursery School
800 Ponus Ridge Road
New Canaan, CT 06840
Little Owl Nursery School, YMCA
564 South Avenue
New Canaan, CT 06840
Toddlertime Nursery School
The Congegational Church
23 Park Street
New Canaan, CT 06840
Methodist Church Nursery School
165 South Avuenue
New Canaan, CT 06840
St. Marks Nursery School
111 Oenoke Ridge Road
New Canaan, CT 06840


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