Sales of single-family homes in New Canaan increased 17% year-over-year in July, according to new data, from 46 to 54.
The median sales price rose 7% in the same period, from $1,715,000 to $1,843,000, according to information from the New Canaan Board of Realtors.
Here’s a snapshot of the data:
Single-Family Home Sales, July 2021
| Units Sold | ||
|---|---|---|
| Total | 54 | 46 |
| July 2021 | July 2020 | |
| $0 to $999,999 | 2 | 7 |
| $1 milion to $1.99 million | 29 | 23 |
| $2 milion to $2.99 million | 14 | 12 |
| $3 million to $5 million | 9 | 3 |
| $5 million+ | 0 | 1 |
*Data only includes homes listed for sale on the NCMLS.
“The solid numbers in the New Canaan real estate market continued in July with double digit sales growth over July 2020 in both single family homes and condos,” Melissa Rwambuya, president of the New Canaan Board of Realtors and New Canaan Multiple Listing Service, said in a statement. “Year-to-date median sale prices continue to be strong as the quiet of August settles into the market.”
The median sales price for houses is up 32% through the first seven months of 2021 compared to last year, from $1,342,000 to $1,776,000, the data show.
There were 86 single-family homes on the market at the end of July, according to the data. The average days on market was 116 for the month, down 49% from the prior year (226 days), the data show.
Sales of condominiums increased from three to five in July, year-over-year, according to the Board’s data. The median sales price of a condo increased 70%, from $520,000 to $885,000, the data show. Year-to-date, the median sales price of condos is up 66% through July, from $595,000 to $985,000, according to the data.
Thank you, Superintendent Bryan Luizzi and our board of education for keeping New Canaan schools open, in-person, and safe. These statistics tell a powerful story about the impact your excellent work has had on our town.