New Canaan home sales more than doubled year-over-year, from 17 to 39, in the month of December, according to new data.
The 129% increase largely reflects a steep rise in the number of homes sold in the $1 million to $2 million market, according to data from the New Canaan Board of Relators.
The median sales price also rose 7% in December, from $1.5 million to $1.6 million, the data show.
Here’s a snapshot of sales activity:
Single-Family Home Sales, December 2020
| Units Sold | ||
|---|---|---|
| Total | 39 | 17 |
| December '20 | December '19 | |
| $0 to $999,999 | 4 | 5 |
| $1 milion to $1.99 million | 25 | 7 |
| $2 milion to $2.99 million | 6 | 3 |
| $3 million to $5 million | 4 | 2 |
| $5 million+ | 0 | 0 |
*Data only includes homes listed for sale on the NCMLS and does not include condos.
Melissa Rwambuya, the Board’s president, called December “another solid monthly performance” in a statement.
“Inventory and the number of days on market are both significantly lower than a year ago at this time,” she said. “It’s a great time to sell a home in New Canaan and always a great time to buy, settle here and take advantage of all the community has to offer.”
Homes in December spent an average of 142 days on the market, compared to 262 one year ago, a 46% decrease, the data show. Also, according to the data, there were 159 single-family homes on the market in New Canaan at month’s end, compared to 217 one year ago—a 27% decrease.
Though the number of condominium units sold held steady in December at six, the median sales price jumped 39%, from $565,000 to $784,188, according to the Board’s data.