So how’s the New Canaan real estate market now?

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 taxes – this time on homebuyers! This is good news for consumers and the housing market. Thanks to all who helped protect CT home buyers! We appreciate the Senate not making it harder to buy a home in Connecticut.” Despite a painful and fragile real estate recovery government officials actually thought an additional tax would help matters? Government officials did however raise the existing real estate conveyance tax that home sellers are required to pay.
The New Canaan market continued to churn, albeit a little slower than during our active spring market….holiday weekend, graduations, weddings and summer activities have curtailed some of the momentum. Currently there are 252 homes on the market with 43 pending transactions waiting to close.
[image title=”weekly update 6.10.2011″ size=”large” id=”1168″ align=”none” linkto=”viewer” ]
[image title=”weekly update 6.3.2011″ size=”large” id=”1171″ align=”none” linkto=”viewer” ]

About Wendy Fog

Wendy Dixon Fog is consistently a Top Selling and Listing Agent with Houlihan Lawrence Real Estate in New Canaan, Ct. To receive a free home evaluation, up to date property listings, or search for that perfect home in the MLS please email or call/text at 203-979-6277.

houlihan-lawrence-real-estateHoulihan Lawrence Real Estate | 161 Elm Street, New Canaan, CT 06840

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