Lower Home Prices & Mortgage Rates = Opportunity in New Canaan, Ct. May 2012.

Lower Home Prices & Mortgage Rates = Opportunity in New Canaan, Ct. May 2012.

May 10^th, 2012.

With rental rates rising nationwide owning a home seems more affordable now especially with mortgage rates yet again hitting a record low along with declining home prices. In New Canaan, Connecticut the median sold price year to date compared to last year is down 30.69% at a median sold price of $1,295,000.

Along with that the numbers of homes sold are down 17.07% year to date compared to last year in New Canaan, Ct. while new listings during the same period are up 107.87%.

Currently on the Greater Fairfield County CMLS there are 279 single family homes for sale ranging in price from $399,900 through to $17,000,000 which is a 52 acre parcel with a grand French style manor house of 14,266 square feet.

If you would like to sign up for the WPSIR real estate e-mail newsletter please send request to e-mail dpopoff@wpsir.com and mention if you like the:

        - Town monthly newsletter & statistics ~ specify towns.

        - And/or the Fairfield County quarterly update.

To view WPSIR Market Trend newsletters of other towns go to http://www.williampitt.com/eng and visit “LOCAL MARKET TRENDS” section. 

New Canaan, Connecticut, 06840 has a population of 19,738 (2010 census) and is one of the wealthiest communities in the United States. With a Metro North Branch a train ride to Grand Central Terminal in Manhattan is approximately 60 minutes. The total area of New Canaan is 22.5 square miles and the town website is http://www.newcanaan.info/

Median Price: is half are below, half are above.

Average Price: are all sold prices are added together into a sum; the sum is then divided by the number of houses that sold.

*Listing and sales information comes from various sources and may not always be accurate. No representation or warranty is made as to the accuracy of this information. You should verify any information that is important to your buying decision. Data Source: GFC CMLS

David Popoff is a Connecticut license real estate agent in lower Fairfield County. He has lived and worked in the area for over 30 years and now reside in Darien since 2004.

• Member of the Multiple Listing Service, MLS.
• Darien
•  Greenwich
•  Greater Fairfield County
• Member of the Connecticut Association of Realtors, CAR.
• Member of the National Association of Realtors, NAR.
• Green Affiliations.
• Realtor GREEN designation by the National Association of Realtors.
• David Popoff is an accredited LEED Accredited Professional (LEED AP) Homes and USGBC member of the Connecticut chapter (CTGBC).  
• Associate member and an accredited Certified Green Professional (CGP) of National Association of Home Builders (NAHB) and the local chapter HBRA-Fairfield County, Ct. .
• Contact David Popoff for all your real estate needs in Darien, Greenwich, New Canaan, Rowayton and the rest of lower Fairfield County.