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New Canaan Home Sales: Median Price Up 25% in November

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The median sales price of a single-family home sold in New Canaan increased 25% year-over-year in November, from $1,915,000 to $2.4 million, according to new data. The overall number of houses sold declined from 23 to 13 in the same period, according to the data released by the New Canaan Board of Realtors. “No surprises in the monthly stats,” the organization’s president, Anne-Lise Brown, said in a statement. “The median price is up, days on market are up and unit sales are down.  A seasonal slowdown in a market with little inventory.”

Here’s a snapshot of market activity:

Year-to-date, the median sales price of a New Canaan home is up 11%, from $1,775,000 to $1,975,000, the data show. Single-family homes also are spending about 17% longer on the market, according to the Board’s figures.

Anne-Lise Brown

Data: 15 New Canaan Homes Sold in October; Median Sales Price Up 17%

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A total of 15 single-family homes were sold in town in October, according to data released by the New Canaan Board of Realtors. While the figure is down five from the year-ago month, the median sales price increased 17% in the same period, from $1,497,500 to $1,750,000, the data show. Here’s a snapshot of market activity:

Here are some lower Fairfield County statistics noted by the Board’s president, Anne-Lisa Brown. The data encompasses New Canaan as well as Darien, Norwalk, Fairfield, Easton, Greenwich, New Canaan, Ridgefield. Redding, Stamford, Westport, Wilton and Weston:

475 – The number of houses and condos that closed in October, a 26% decrease from October of last year.

News

New Canaan Home Sales Down 25% in September; Median Price Declines by 12%

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A total of 15 single-family homes were sold in New Canaan in September, new data show, compared to 20 in the same month last year, new data show. The median sales price of a house also declined 12% year-over-year, from $1,773,500 to $1,552,000, according to data released by the New Canaan Board of Realtors. “Inventory and sales continue a steady gain, even with interest rates creeping up,” Board President Anne-Lise Brown said in a statement. “Monthly stats for September are a bit skewed by the price points of some sales so when you look at median prices as a percentage against the same month 2021 it doesn’t give a clear picture. The better figures are the year-over-year.”

Through the first nine months of 2022, the median sales of a New Canaan home is up 12%, from $1,767,000 to $1,975,000, according to the Board’s data.

News

Total Home Sales Down 54% in July While Median Sales Price Rises

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A total of 25 single-family homes in New Canaan were sold in July—a figure down 54% from the year-ago month, while the median sales price increased 17%, new data show. The rise in the median sales price, from $1,810,000 to $2,121,000, reflects two homes that sold for $5 million-plus, according to data published by the New Canaan Board of Realtors. “The higher end of the market is up again in both single family homes and condos,” Board President Anne-Lise Brown said in a statement. “I would expect a seasonal slowdown due to August summer holidays. The past year or two were an anomaly and we are returning to a pre-pandemic market with respect to inventory and interest rates.”
Here’s a snapshot of market activity in July:

 
Year-to-date, the median sales price of a single-family home is up 8% year-over-year, from $1,785,500 to $1,933,750, according to the data.

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New Canaan Home Sales: Median Sales Price Up 18% in June

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The median price of a single-family home in New Canaan increased 18% year-over-year in June, from $1.9 million to $2,237,500, new data show. The overall number of houses sold declined 58% in the same period, from 67 to 28, according to data released by the New Canaan Board of Realtors. 

Here’s a snapshot of market activity:

 

“Median sales price is up and closings at the higher end of the market increased by 50% plus,” the organization’s president, Anne-Lise Brown, said in a statement. “We are still below 2021 activity levels but I would expect that to remain as the volatility in the stock market and increasing interest rates hold some buyers back.”

Year-to-date, the median sales price of a single-family home is up 9%, from $1,776,000 to $1,942,500, according to the Board’s data. Houses spent about the same amount of time on the market in June compared to the year-ago month, at 108 and 109 days, respectively, according to the data. There were just 63 total houses on the market as of month’s end, the data show.