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New Canaan Home Sales: Median Price Up in December

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The median sales price for a single-family home in New Canaan increased 24% year-over-year in December, according to new data, and 12% for all of 2022. 

In all, 15 homes were sold this past December compared to 16 in the year-ago month, according to the New Canaan Board of Realtors. The median price last month was $1,925,000, up from $1,557,000 in December 2021, the data show. 

In 2022, the median sales price of a single-family home in New Canaan was $1,962,500, compared to $1,759,000 in 2021, the data show. Here’s a snapshot of market activity in December:

There were 37 homes on the market at month’s end, according to the Board’s data, and houses spent an average of 173 days on the market in the month, compared to 106 in December 2021. 

Just two condominiums were sold in New Canaan last month, according to the data, down from seven in December 2021. For all of 2022, the median sales price of a condo increased 22%, from $967,500 to $1,180,000, according to the data.

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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.

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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.

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New Canaan Home Sales: Median Sales Price Up 48% in August

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The median sales price of a single-family New Canaan home increased by 34% year-over-year in August, to $2.2 million from $1,642,000 in the year-ago month, as total homes sold declined by 35%, new data show. Thirty-one homes were sold in August, down from 48 one year ago, though six of those recently sold homes were in the $3 million to $5 million (compared to three in August 2021) and one was in the $5 million-plus range (zero), according to data released by the New Canaan Board of Realtors. 

Here’s a snapshot of market activity:

 

Year-to-date, the median sales price is up 13% in 2022, to $2 million compared to $1,767,000 through the first eight months of 2021, the data show. Inventory at the end of August stood at 54 total single-family homes, and they’re spending just 76 days on the market, on average, compared to 114 one year ago, the data show. Sales of condominiums declined from nine in August 2021 to six last month, a 33% decline, while the median sales price of a condo increased by 48% in the month, to $987,500 from $667,000, the data show. Year-to-date, the median sales price of a condo is up 14% (from $880,000 to $1,005,000, the data show).