We Are New Canaan…  

                        Welcome to Our Town

 

A full service, locally owned, residential real estate firm since 1926, Brotherhood & Higley provides the finest real estate service. We maintain the highest standard of professionalism by retaining only full-time, experienced Realtors. Real Estate is our complete focus. We specialize in the New Canaan marketplace. Our agents have proven to be the best of the best as our market share continues to outpace the competition. We offer a personal approach with specific knowledge of our market as well as relationships with the other premiere firms in Fairfield County, New York and beyond as a member of Leading Real Estate Companies of the World.

 

 

MARKET REPORTS
“How is the real estate market lately?”  This is the question I am most frequently asked, and the best way to give a clear picture is through a thorough analysis of the statistics and an interpretation of the data, taking into consideration the outliers and the extenuating circumstances that can skew the results.Our most recent Statistical Market Overview, shows, for example, that for the last 8 months compared to the same period a year ago:

  • Total sales of single family homes is up 13%, from 171 to 193.
  • The median list price is up about 3% from a year ago, from $1.695 to $1.749 million.
  • The average sale price is up 8% from a year ago, from $1.693 to $1.843 million.
  • The median sale price is up 3% from a year ago, from $1.450 to $1.500 million. (A few odd sales can affect an average but affect the median less so.)
  • In the category over $3 million, 29 homes sold in 2011 versus only 16 houses were sold at this point in 2010.
  • The average days on market is down 15%, from 209 to 176.
  • The median days on market is down 8%, from 132 to 121. (Again, a few bad apples can skew an average. We use median to reduce the importance of outliers.)

Understanding the New Canaan real estate market requires diligent attention and analysis. At Brotherhood & Higley we monitor the market daily in order to keep our clients informed and up to date. We invite you to receive this proprietary information as well.

Our Weekly Market Report provides a hot sheet of properties new to the market, recent price changes and sales.

Our Statistical Market Overview features graphs of the New Canaan market, including Absorption Rate, Average Price, Days on Market and List Price to Sale Price ratios. These reports show the historical averages for the New Canaan market over the past year and are helpful in spotting trends and answering the question “where has the market been and where is the market going.”

Historical Sales Data and the Monthly Sales Reportshows sales per month, organized by property value.

Should you be interested in learning about our most detailed reports geared to specific property types and price ranges, please contact me at 203-253-1170 or 203-801-5343.