Data: New Canaan Home Sales Up 63% in September; Median Price Up 40%

Driven largely by sales in the $2 million to $5 million range, home sales in New Canaan increased 63% year-over-year in September, new data show. The increase, from 24 to 39, includes eight sales in the $2 million to $3 million range compared to one in September 2019, and six in the $3 million to $5 million range compared to two in the year-ago month, according to the Multiple Listing Service data, released by the New Canaan Board of Realtors. 

Overall, the median price jumped 40%, from $1,119,50 to $1,675,000, the data show. The market is showing “news from every angle,” the Board’s president, Melissa Rwambuya, said in a statement. 

“Prices up, inventory down and a whopping 63% increase in sales of single family homes over September 2019,” she said. “This news should be good for local businesses as new residents come to town.”

Here’s a table tracking sales data:

 

Homes are spending about 25% less time on the market, according to the data, down from an average of 229 days to 172. And inventory is down 24% year-over-year, from 281 single-family homes in September 2019 to 213 homes last month, the data show.

West Road Colonial Sells for $3.1 Million

The following property transfers were recorded recently in the Town Clerk’s office. For more information about each property from the assessor, click on the street address. To get the history of a New Canaan street name, click here. ***

Sept. 11

90 Summer St.

New Homes Planned for West Road, Hillside Avenue

The New Canaan Building Department on Sept. 22 received two applications to construct new homes. 

A 5,249-square-foot home is planned for a 3.19-acre parcel in the two-acre zone at 279 West Road. It will include five bedrooms, five full bathrooms and two half-baths, according to the application. 

The contractor on the job is Westport-based Domus Constructors LLC, the  architect Norwalk-based Michael Smith Architects, the application said. The home will cost about $1.767,092 to build, it said. Sold for $1,375,000 in 2013, the property includes a 1959-built Colonial, tax records show.

2007-Built Ferris Hill Road Home Sells for $3.5 Million 

The following property transfers were recorded recently in the Town Clerk’s office. For more information about each property from the assessor, click on the street address. To get the history of a New Canaan street name, click here. ***

Sept. 4

15 Old Stamford Road Unit B

$949,000
Charles Goodyear III to John Cavanaugh Family Trust 

102 Valley Road

$1.7 million
Scott Hazard to Valley View I LLC

33 Ferris Hill Road 

$3.5 million
Julie Holliday to Gerald Reid

Sept.

2007-Built Father Peters Lane Home Sells for $3.6 Million

The following property transfers were recorded recently in the Town Clerk’s office. For more information about each property from the assessor, click on the street address. To get the history of a New Canaan street name, click here. ***

Aug. 28

1 Father Peters Lane

$3.6 million
Beach Road LLC to GEMCAP LLC (128 Eagle St., Brooklyn)

143 Talmadge Hill Road

$1.3 million
Steven Isherwood to Min-Jong Kang

963 Oenoke Ridge

$1.4 million
Sheila McMann to Kathleen Quinn

102 Main St.