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New Canaan Home Sales Up 38% in April

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Sales of single-family homes increased 38% in April, new data show. The year-over-year increase, from 16 to 22, is due mainly to a rise in homes sold in the $1 million to $2 million range, according to statistics published by the New Canaan Board of Realtors. 

The numbers are “promising despite the current crisis,” according to the organization’s president, Melissa Rwambuya. “Realtors are open for business and seeing a lot of activity,” Rwambuya said in a statement. “Our agents are responsibly conducting business and adhering to social distancing, wearing masks and gloves and using virtual tours to facilitate real estate transactions. We anticipate a robust recovery with pent up demand especially from buyers leaving the city and looking for more space.”

Here’s a snapshot of the activity:

 

The median sales price for the month was down 11% from last April, from $1,410,000 to $1,250,000, according to the data.

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New Canaan Home Sales Down 24% in January

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Home sales in New Canaan declined 24% year-over-year in January, according to new data. In addition to the overall decrease in single-family home sales, from 17 to 13, the median price dropped 13% in the period, from $1,355,000 to $1,175,000, according to data from the New Canaan Board of Realtors. 

Here’s a snapshot of home sales activity for the month: 

 

Houses spent an average of 237 days on the market, the data say, compared to 260 days one year ago. In all, there were 237 homes on the market at the end of January 2019, compared to 177 last month, according to the data. 

In January, the total number of condominiums sold increased to five, up from four the prior year, the data say. The median sales price of condominiums fell 25% in the period, from $775,00 to $585,000. 

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Home Sales Rise 13% in December; Median Sales Price Declines 3% in 2019

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Sales of single-family homes in New Canaan increased 13% in December, according to new data. The rise from 15 to 17 homes sold year-over-year reflects an increase in the $2 million to $5 million range, according to data released by the New Canaan Board of Realtors. The median sales price also increased 21% in the same period, from about $1.24 million to $1.5 million, the data said. Here’s a snapshot of home sales activity in the month:

 

Homes had spent an average of 262 days on the market in December, up from 151 days the prior year, according to the Board’s data. Single-family home inventory is down in the same period, from 262 to 199, the data said.

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New Canaan Home Sales Decline in November; Median Sales Price Ticks Up

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New Canaan sold fewer homes in November than in the year-ago month, data show. Sales of single-family homes decreased from 16 to 11—a 31-percent decline, according to data released by the New Canaan Board of Realtors. 

The largest drop came in the $2 million to $3 million segment, which saw just one sale last month compared to four one year ago, the data show. Even so, the median sales price ticked up 3% month-over-month, to $1.4 million. 

Here’s a snapshot of the new sales data:

 

Year-to-date, the median price of single-family homes in New Canaan is still down about 8%, from $1,442,500 to $1,320,000, according to the Board. (The median sales price of condominiums is up 7% in the same period, to $730,000, the data show.)

New Canaan homes’ average days on the market in November was down to 233 from 269 one year ago, according to the Board. There were 244 homes on the market last month, compared to 304 in November 2018, the data said.

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New Canaan Home Sales Up 8% in October; Median Sales Price Down

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Home sales in New Canaan increased 8% in October from the year-ago month, according to new data. The increase from 12 to 13 total homes sold included one in the $3 million to $5 million range, according to the data, released by the New Canaan Board of Realtors. 

The organization’s president, Janis Hennessy, said New Canaan has seen “an active Fall.”

“The market is less seasonal than it used to be which is the sign of a buyer’s market,” Hennessy said in an email. “It is especially strong [year-to-date] in the $1 million to $2 million range. It’s a great time to buy.”

Here’s a table summarizing the activity in October:

 

The median sale home price declined 6 percent, from $1,735,000 to $1,625,000, from last October to last month, according to the data. Year-to-date, the median sale price of a single-family home is down 10%, to $1,315,000.