Real Estate

New Canaan property transfers, plans for tear-downs and new construction, building permit applications, open houses and new homes on the market.

Recent Articles

New Construction Planned for Woodridge Drive

The town last week received an application to build a 12,544-square-foot house on Woodridge Drive. The new home at 77 Woodridge Drive would include 30 total rooms, according to a building permit application received Nov. 10. Those would include seven bedrooms and full bathrooms and two half-baths, the application. The home also would have four fireplaces and a partially finished attic and basement. Continue Reading →

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New Canaan Home Sales Rise for Second Straight Month; Median Sales Price Ticks Up

New Canaan not only saw a dramatic rise year-over-year in the number of single-family homes sold in October, but also saw a modest median sales price increase in that period, according to new data. Due largely to 10 home sales in the $1 million to $2 million range, the overall number of units sold increased from seven last October to 19 last month, according to data cited by the New Canaan Board of Realtors. The median price increased from $1,310,000 to $1,325,000 year-over-year—a 1.1 percent rise. Joe Scozzafava, the New Canaan Board of Realtors’ president, called October the second straight month that the town has seen a “significant jump over last year.”

“More than half of the sales were in the [$1 million to $2 million price range which is the consistent ‘sweet spot’ of the New Canaan market,” he said. “Condominium sales also had a significant increase over last year, which is a new development.”

Factors that likely contributed to the upturn include stabilizing prices, a particularly slow period at this time last year, low interest rates, strong stock market, overall rise in consumer confidence and activity among first-time homebuyers facing rising rents in New York City, Scozzafava said. Continue Reading →

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ZBA Green-Lights New Two-Family Home on East Avenue

The Zoning Board of Appeals on Monday approved two variances allowing for the construction of a two-family home at 72 East Ave.—however, the project still needs approval from the Planning & Zoning Commission in order to move forward. William Panella plans to raze an existing 1,400-square-foot home on the property, where his late mother Mary had lived, and remove a non-compliant detached garage in the rear in order to build a new, residential style, two-family dwelling measuring about 4,000 square feet. However, in order to get a special permit for the project he needed relief from a requirement that the property have a minimum of 100 feet of frontage (it has only 93 feet) and that the site allow for a conceptual 100-foot diameter “circle” of open area where there is no building footprint (the “circle” is just short at 97 feet) —both of which were granted at the ZBA meeting. The application was continued from the board’s October meeting after some board members expressed concerns over the driveway shown in a preliminary site plan. The initial plan showed the driveway running from East Avenue all the way to the rear of the property, where it was to connect with the parking lot for a new residential and commercial development currently underway at 23 Vitti St. Continue Reading →

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