New Canaan Board of Realtors

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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 →

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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 →

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‘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 →

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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 Niche.com. Here’s a peek at the top-10 (Darien is No. 23—nanny nanny boo boo):

New Canaan
Middlefield
Weston
Westport
Wilton
Chester
Killingly
Waterford
Simsbury
Glastonbury

***

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 →

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Here are 28 Current New Canaan Chamber Member Businesses That Also Belonged in Back in ’82

Here’s a short list of sweeping economic crises that have affected, directly or indirectly, every U.S. business since 1982: Black Monday, savings and loan crisis, subprime mortgage crisis and Great Recession. Locally, success in business involves nimbleness and acumen, and far more than that—interpersonal skills, involvement, diligence and imagination. Recently, the head of an organization that’s central for many local businesses, the New Canaan Chamber of Commerce, came by chance across a list of 28 current members that also were members back in 1982. “They’ve supported the chamber, supported the town and been here for a long, long time,” Executive Director Tucker Murphy said. “We want to congratulate them on that.”

Here’s the list, in alphabetical order (not every single business has been a continuous member of the chamber, though many—including Bob’s Sports, Karl Chevrolet, Walter Stewart’s and Stewart’s Spirits—have been):

Ann Taylor
Baskin Robbins
Bob’s Sports
Brotherhood & Higley
Congregational Church
Family Britches
Franco’s Wine
Healthfare
Hersam Acorn- New Canaan Advertiser
Hoyt Funeral Home
Hutchinson Tree Company

Karl Chevrolet
League of Women Voters
Merrill Lynch
New Canaan Board of Realtors
New Canaan Community Nursery School
New Canaan Country School
New Canaan Library
New Canaan Nature Center
Pennyweights
Roger Sherman Inn
Silvermine Arts Guild
Stewart’s Spirits
Taylor’s Luggage
Visiting Nurse Association of New Canaan
Walter Stewart’s
Waveny Care Center
Whitney Shop

Ties to the local chamber run very deep for businesses such as Walter Stewart’s, recently recognized as Business of the Year. Continue Reading →

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