Single-family home sales in New Canaan increased 91% in June year-over-year, according to new data.
The total number of homes sold rose from 34 to 65 for the month, with the highest increase in the $1 million to $2 million range (from 14 in 2020 to 35 last month), according to data from the New Canaan Board of Realtors.
The median sales price increased 57% in the period, from $1,207,500 to $1.9 million, the data show.
Here’s a snapshot of the activity:
Single-Family Home Sales, June 2021
| Units Sold | ||
|---|---|---|
| Total | 65 | 34 |
| June 2021 | June 2020 | |
| $0 to $999,999 | 2 | 11 |
| $1 milion to $1.99 million | 35 | 14 |
| $2 milion to $2.99 million | 18 | 6 |
| $3 million to $5 million | 9 | 3 |
| $5 million+ | 1 | 0 |
*Data only includes homes listed for sale on the NCMLS and does not include condos.
“Another banner month in June for New Canaan real estate,” Melissa Rwambuya, president of the New Canaan Board of Realtors and New Canaan MLS, said in a statement. “Volume of sales and median sales prices up across the board. Good news as we head into the summer months.”
So far this year, the median sales price of single-family houses in New Canaan is up 57%, from $1,250,000 through the first half of 2020 to $1,776,000 this year, according to the Board.
Houses also are spending far less time on the market. In June, the average number of days on the market was 110, compared to 189 in the year-ago month, the data show.
There were 91 houses on the market at the end of June, according to the Board’s data.
Sales of condominiums more than doubled in June compared to the same month last year, the data show, from five to 11. The median sales price for condos in 2021 is $990,000, up 58% from the first half of last year, according to the Board.