Joe Scozzafava

Recent Articles

‘Fairly Strong Right Now’: Single-Family Home Sales Up 76% Year-over-Year in May

New Canaan saw 30 single-family homes sold in May, a 76 percent year-over-year increase for the month, according to new data. The increased sales hit nearly every price range, and a sale in the $5 million-plus category pushed up the year-to-date median sold price up slightly, though the figure is still down from last year—a reflection of “more realistic seller expectations,” according to Joe Scozzafava, president of the New Canaan Board of Realtors, the organization that supplied the data. Those expectations are “helping to drive increased sales,” Scozzafava said in an email. “This increase was consistent across most of lower Fairfield County. Inventory levels are down from last year which is also a positive sign that the real estate market is fairly strong right now.”

Here’s a snapshot of single-family home sales in May:

 

Overall, the year-to-date median sale price for single-family homes in New Canaan stands at $1,423,000—a 16 percent drop from 2016. Continue Reading →

Filed under: , , ,