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 than usual number of closings in November and December. The so called “fiscal cliff” and threats of higher taxes prompted buyers and sellers to seal their deals by December 31st. All in all, we closed about the same number of properties in 2012 as we did in 2011. There is still a demand for new construction and 18 lots sold to make way for new homes.
The hardest part for me last year was finding the right house for a buyer ready to purchase. There simply were not enough choices. Many homes had offers as soon as they were listed (read, they were priced right) and only a 140 single family homes were put on the market.
More numbers will follow. From all the signs it looks like we will have an upswing in the spring market. So what are you waiting for?