Janis Hennessy

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Data: New Canaan Single-Family Home Sales Largely Flat in May

By Michael Dinan | June 12, 2019

Sales of single-family New Canaan homes in May stayed largely flat on a year-over-year basis, while the median sales price fell, according to new data. A total of 22 homes were sold last month, compared to 20 in May 2018, an uptick of 10 percent, according to the New Canaan Board of Realtors. The organization’s president, Janis Hennessy, noted that inventory is down year-over-year, from 373 homes one year ago to 341 last month. “Sales were relatively flat, and the $800,000 to $2 million [range] was the strength of our market,” Hennessy said. Here’s a snapshot of sales data:

 

The median sales price declined by 8 percent year-over-year, from $1,250,000 in May 2018 to $1,152,750 last month, the data show.

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Home Sales in New Canaan Up 56% in April; Median Sales Price Also Increases

By Michael Dinan | May 6, 2019

Single-family home sales in New Canaan jumped 56% in April from the prior year, from nine to 14, according to new data from the Board of Realtors. Driven mainly by an increase in the $2 million to $3 million range, up from zero to five, the median price for homes also is up 16%, from $1,490,000 in April 2018 to $1,733,500, according to the data. “Millennials are embracing suburban living in New Canaan with our great schools, sense of community and vibrant, walkable town center,” according to Janis Hennessy, president of the New Canaan Board of Realtors. “The price ranges that saw the biggest gains were in the under $1 million and $2 million to $3 million range.”

Here’s a snapshot of the sales activity:

Sales of condos remained flat in the same time period, the data show. The number of single-family homes on the market is down 2 percent year-over-year, dropping from 324 to 317, the data show, while the year-to-date median sales price of a home is down 11 percent even with the strong April, from $1,499,500 to $1,340,000.

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Data: New Canaan Home Sales Slowed in September

By Michael Dinan | October 9, 2018

Sales of single-family homes in New Canaan declined by more than 50 percent year-over-year in September, according to new data. The month saw a 56 percent drop to 11 homes sold versus 25 in 2017, and the median price also fell 16 percent, from $1.6 million to $1,350,000, according to the New Canaan Board of Realtors. “There is a lot of uncertainty in the market,” said Janis Hennessy, president of the New Canaan Board of Realtors and MLS. “We have seen peaks and valleys throughout the year, just like other Fairfield County towns.”

In September, no New Canaan homes sold for up to $1 million, whereas seven sold in that range one year ago. 

Here’s a look at the numbers:

 

In a small sample size, sales of condominiums also saw a year-over-year decline, from three in September 2017 to just one last month, according to the data. 

Year-to-date, the median sale price of single-family homes in New Canaan has declined from $1.5 million to $1.4 million, according to the Board of Realtors. Inventory was about the same in September this year, with 317 single-family homes on the market compared to 312 in 2017.