Week 38: Beach Season – the Waterfront Report. John Engel’s Real Estate Column for the New Canaan Sentinel
It’s beach season and Save the Sound has graded all 197 Connecticut beaches on water quality and 75% of them got a grade of A or B. Beaches at the entrance to Long Island Sound such as in Noank and Groton lead the list, but in this area the top beaches are Bell Island Beach […]
3 Huge Signs A Home Buyer Isn’t Serious
Not sure how to tell if a buyer is serious about sealing the deal? Here are three crucial signs that indicate you may be dealing with somebody who may be indecisive, disinterested, or even deceitful. Keep each in mind to avoid wasting your time and resources, and to not get your hopes up whenever a buyer’s commenting how they would love to live in the house.
Week 37: Tailwinds and Low Sensitivity to Rates. John Engel’s Real Estate Column for the New Canaan Sentinel
I want to revisit why the New Canaan housing market is so far out balance, favoring sellers, and why prices keep rising, and why this trajectory is destined to continue. New Canaan will continue to see rising prices for two reasons: low interest rate sensitivity and strong demand tailwinds. The market began 2023 expecting a […]
Week 36: Who Moved the Realtor’s Cheese? John Engel’s Real Estate Column for the New Canaan Sentinel
People ask, “How long does it take to write the real estate column?” All week. I have dozens of columns rattling around up there, but I sometimes struggle with what it is my audience wants. The easiest column to write is just a list of statistics. The reaction is usually, “Wow, that’s a lot of […]
Week 35: Fairfield vs. Westchester County: Head to Head. John Engel’s Real Estate Column for the New Canaan Sentinel
HEAD-TO HEAD COMPARISON Here’s a head-to-head comparison of the current real estate market conditions for Q1-2024 between Westchester County, NY, and Fairfield County, CT. Fairfield: Average Sales Price: $915,665, a slight decrease from the previous yearAverage Price Per Sq Ft: $422Median Sales Price: $545,000, a decrease of 6.8% from the previous year Number of Sales […]
Homeowners, Here’s Your Maintenance and Safety Checklist for May
After April showers come May, with weather too wonderful to be stuck inside, but just make sure not to spend too much of your time relaxing, but also keep up with your home maintenance and improvements that will prepare your home for the hotter months ahead.
Week 34: New Canaan and Greenwich vs. Fairfield County. John Engel’s Real Estate Column for the New Canaan Sentinel
Median Sales Price (Single Family) New Canaan: The median sales price stands at $2,161,000, showing a modest quarterly growth (+1.9%) and a year-over-year increase (+7.7%). Greenwich: Surpasses New Canaan with a median sales price of $3,000,000, indicating a more pronounced quarterly surge (+60.3%) and a significant year-over-year rise (+36.6%). Compared to Fairfield County, both towns […]
Week 33: A Tale of Four Towns. John Engel’s Real Estate Column for the New Canaan Sentinel
CLOSED SALESNew Canaan had 32, up from 31 while Darien had 22 down from 32 a year ago. Wilton had 42 sales, up 55% from a year ago while Westport had 45, down -15% from 53 a year ago. New Canaan sales were flat despite lower inventory. Count that a victory. Is Wilton the only […]
What You Should Know Before Renting A Storage Unit
Renting a storage unit is a convenient option for people who need extra space for their extra possessions, for a variety of reasons. Maybe you just want to store seasonal items, moving to a new home, downsizing, or undergoing renovations – regardless of your reason or need, here are some things to consider before deciding to rent a self-storage unit.
Week 32: Mill Rates and Property Tax Changes May Shake Out New Inventory. John Engel’s Real Estate Column for the New Canaan Sentinel
Manhattan Market Report Manhattan first quarter sales fell, down 11.3% annually, now below two thousand (1,988), the lowest level in 3 years. Prices slid year-over-year, now 17.4% below pre-pandemic levels. Inventory went lower due to the “lock-in-effect”. Mortgage-purchases dropped 26.7% annually. The percentage of cash sales has reached a record high, up each of the […]
