A Case Study: Wide Range of Opinions on a Home’s Worth
By John Engel This is the most important question Realtors answer, and busy agents are answering it every day. It is particularly relevant this…
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February Market Report for 15 Towns Across Fairfield County
By John Engel We divided 15 markets into 4 groups 1. High-End 2. Cities 3. North of the Parkway and 4. Coastal Neighborhoods to…
How Buyers Win in this Market
By John Engel So many sad stories by homeowners who have lost bidding wars. I’m reprinting their stories and my advice: “These houses are…
The Booming Market Has an Insurance Problem
By John Engel On my Boroughs & Burbs podcast we did a show called “Uninsurable Florida”, episode #93. It’s fun to pick on Florida…
COLUMN | “They’re not making any more of it.” Will Rogers
“Do you mean to tell me, Katie Scarlett O’Hara, that Tara, that land, doesn’t mean anything to you? Why, land is the only thing…
January Report: New Canaan, Westport, Wilton and Darien
New Listings. Westport wins with 47 new listings, an 88% rise. New Canaan had 16 new listings in January, a -24% drop from the…
Dead Cat Bounce
A dead cat bounce is a temporary recovery from a prolonged decline or bear market that’s followed by a continuation of the downtrend. In…
New Year New House – Q4 Mortgage Rate Drop Reignites Buyers
If you ask any realtor in the area how the market is, he or she will likely tell you that things have picked up…
Year End Market Report
The article discusses the real estate market in New Canaan, highlighting the impact of the recent revaluation. The median sales price in New Canaan is $1.80 million, a 6.5% annual increase, with single-family homes at $1.975 million and condos down by 7.3%. The price per foot is $488, up 4.9%, indicating larger house sizes in New Canaan compared to nearby areas. Inventory levels are significantly down by 46.3%, a trend seen across Fairfield County. The article predicts that inventory levels will remain tight in 2024 due to high demand and lagging price appreciation. Median days on the market in New Canaan is 26, down 13.3%, with a high percentage of cash offers. Homes generally sell at 100% of the last list price. The article concludes with notes from a meeting, discussing strategies and the importance of personal relationships in real estate over advertising.
Co-ops, Cats and Community
Co-ops are a funny thing. People complain about their restrictions but love the sense of community they can offer.
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