New Canaan Real Estate Market Conditions & Reports, New Canaan Market Trends, Connecticut

Market Commentary Provided by Rosanne Nelson

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Rosanne Nelson
Touchstone Realty Group
Westport, Connecticut
203-451-6262
nelsonro1@optonline.net
Agent Home Page

Nearest Metro Area

New York City--Manhattan, NY

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

60-90 days

Market Trend

Increasing

Housing Inventory

Good supply, allprices

Average Home Price

$2,000,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

About the same

Prices As % of Asking Price

90-95%

Multiple Offers?

Greatest Activity

First-Time Buyers

Buyer Activity for the past 90 days in New Canaan is

Seller Activity for the past 90 days in New Canaan is

Is Financing Available For Qualified Buyers in New Canaan?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Quintessential New England town with beautiful homes and rolling lawn. Gigantic gorgeous park Waveny. Great train station right in the middle of town.

Reason to Buy/Sell

Job Growth

Average Sold Price

$2,000,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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