New Canaan Board of Realtors

Recent Articles

New Canaan Home Sales Rise for Second Straight Month; Median Sales Price Ticks Up

New Canaan not only saw a dramatic rise year-over-year in the number of single-family homes sold in October, but also saw a modest median sales price increase in that period, according to new data. Due largely to 10 home sales in the $1 million to $2 million range, the overall number of units sold increased from seven last October to 19 last month, according to data cited by the New Canaan Board of Realtors. The median price increased from $1,310,000 to $1,325,000 year-over-year—a 1.1 percent rise. Joe Scozzafava, the New Canaan Board of Realtors’ president, called October the second straight month that the town has seen a “significant jump over last year.”

“More than half of the sales were in the [$1 million to $2 million price range which is the consistent ‘sweet spot’ of the New Canaan market,” he said. “Condominium sales also had a significant increase over last year, which is a new development.”

Factors that likely contributed to the upturn include stabilizing prices, a particularly slow period at this time last year, low interest rates, strong stock market, overall rise in consumer confidence and activity among first-time homebuyers facing rising rents in New York City, Scozzafava said. Continue Reading →

Filed under: , , ,

Total New Canaan Single-Family Home Sales, Median Price Tick Up in August

The town saw single-family home sales tick up 6 percent year-over-year in August, while the median price of those homes increased by 10 percent, to $1,565,000, according to new data from the New Canaan Board of Realtors. Inventory of single-family homes is down 12 percent year-over-year, with 281 homes on the market at the end of August compared to 319 one year ago, the board’s data says. Joe Scozzafava, president of the New Canaan Board of Realtors, called the figures “encouraging for sellers” and “good indicators,” though he cautioned that “one month’s stats are not a trend.”

“Also, last year August was a slower-than-average month so the increases may just be a return to normalcy,” Scozzafava said. Here’s a snapshot of the single-family home data from last month:


Year-to-date, the median sales price of single-family homes is down 9 percent—$1,450,000 this year compared to $1,590,000 at the end of August last year, according to the Board of Realtors. Meanwhile, the year-to-date median sales price of a condominium is up 23 percent year-over-year—$730,000 versus $592,000—though there were 24 percent more condo units on the market at the end of this August (57) compared to last (46), the board’s data says. Continue Reading →

Filed under: , , ,

New Canaan Sees 44 Percent Year-over-Year Increase in Single-Family Home Sales in July

Single-family homes in New Canaan saw a 44 percent year-over-year increase in July, from 18 to 26, while the median price of those sales fell from about $1.9 million to $1.3 million, according to new data from the New Canaan Board of Realtors. Last year, July had two home sales in the $3 million to $5 million range, compared to one last month. Even so, New Canaan saw double the number of homes sold in July in the $2 million-and-under category (18 compared to nine in 2016). Here’s a look at all single-family home sales data:


The number of single-family homes on the market declined by 13 percent year-over-year in July, from 359 to 314, according to the Board of Realtors’ data. Within those numbers, homes in the less-than-$1-million and $5-million-and-over category increased slightly, while everything in the middle declined: the inventory of single-family homes in the $1 million to $2 million range dropped by 16 percent (153 to 128); in the $2 million to $3 million category 22 percent (92 to 72); and in the $3 million to $5 million category 12 percent (49 to 43). Continue Reading →

Filed under: ,

‘Fairly Strong Right Now’: Single-Family Home Sales Up 76% Year-over-Year in May

New Canaan saw 30 single-family homes sold in May, a 76 percent year-over-year increase for the month, according to new data. The increased sales hit nearly every price range, and a sale in the $5 million-plus category pushed up the year-to-date median sold price up slightly, though the figure is still down from last year—a reflection of “more realistic seller expectations,” according to Joe Scozzafava, president of the New Canaan Board of Realtors, the organization that supplied the data. Those expectations are “helping to drive increased sales,” Scozzafava said in an email. “This increase was consistent across most of lower Fairfield County. Inventory levels are down from last year which is also a positive sign that the real estate market is fairly strong right now.”

Here’s a snapshot of single-family home sales in May:


Overall, the year-to-date median sale price for single-family homes in New Canaan stands at $1,423,000—a 16 percent drop from 2016. Continue Reading →

Filed under: , , ,

Did You Hear … ?

Studio Elan, an established business on Burtis Avenue, is moving into the former Candy Scoop space on Elm Street, up the alley by Chef Luis and next to New Canaan Music. ***

New Canaan Public Schools cafeterias recently earned the No. 1 “Best Food Ranking” from Here’s a peek at the top-10 (Darien is No. 23—nanny nanny boo boo):

New Canaan


Police responded to a call at 1:28 p.m. last Saturday that a dog near Forest Street and Locust Avenue was “going crazy in a car.” The dog’s owner, who was inside the nearby New Canaan Diner, paid her bill and left the restaurant to take care of the barking animal. Continue Reading →

Filed under: , , , , , , ,