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New Canaan Home Sales Up 91% in June

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Single-family home sales in New Canaan increased 91% in June year-over-year, according to new data. The total number of homes sold rose from 34 to 65 for the month, with the highest increase in the $1 million to $2 million range (from 14 in 2020 to 35 last month), according to data from the New Canaan Board of Realtors. The median sales price increased 57% in the period, from $1,207,500 to $1.9 million, the data show. Here’s a snapshot of the activity:

 

“Another banner month in June for New Canaan real estate,” Melissa Rwambuya, president of the New Canaan Board of Realtors and New Canaan MLS, said in a statement. “Volume of sales and median sales prices up across the board.

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New Canaan Home Sales Up 38% in May

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Sales of single-family homes in New Canaan increased 38% in May, from 21 to 29 year-over-year, according to new data. The median sales price for May increased by 35%, from $1,495,000 to $2,012,000, according to data released by New Canaan Board of Realtors. Here’s a snapshot of sales activity:

 

Through the first five months of 2021, the median sales price of single-family homes is up 40% over last year, from $1,250,000 to $1,750,000, according to the data. (The median sales price of condominiums is up 68% year-over-year, from $585,000 to $985,000, the data show.)

At month’s end, 92 single-family homes were on the market in New Canaan, according to the data. Single-family homes had spent more time on the market in May of this year than in 2020, at 163 days compared to 133 one year ago, an increase of 23%.

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New Canaan Home Sales Up 64% in April [UPDATED]

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[Editor: A sentence in this article referring inventory has been removed while the Board of Realtors reviews its data, and will be replaced as soon as it’s furnished.]

Sales of single-family homes in New Canaan increased 64% year-over-year in April, new data show. The total number of homes sold jumped to 36 from 22 in the year-ago month, according to data released by the New Canaan Board of Realtors. The median sales price increased by 63% in April, from $1,250,000 to $2,042,500, according to the data. Here’s a snapshot of sales activity:

 

Melissa Rwambuya, president of the Board, called the New Canaan real estate market “robust.”

“Inventory is low and the median sale prices of both condos and houses are up substantially year over year,” she said in a statement. “We’re welcoming lots of new families to New Canaan.”

Year-to-date, the median sales price for single-family homes is up 32%, from $1,250,000 to $1,650,000, according to the data.

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New Canaan Home Sales Rise 19% in March; Median Sales Price Up 57%

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Sales of single-family homes in New Canaan increased 19% in March compared to the year-ago month, new data show. The rise—from 21 to 25 total sales—was driven mainly by the $2 million to $3 million range, according to data released by the New Canaan Board of Realtors. Here’s a snapshot of sales activity:

 

The median sales price also rose 57% year-over-year for the month, the data show. Year-to-date, the median sales price is up 33%, from $1,175,000 to $1,567,500, according to the Board’s data. Far fewer homes are on the market.

‘Another Fantastic Month’: New Canaan Home Sales Rise Sharply in February

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New Canaan single-family home sales increased more than fivefold year-over-year in February, new data show. The increase, from four to 22, represents a 450% and reflects strong sales in the $2 million to $3 million range, at five, according to data provided by the New Canaan Board of Realtors. “February was another fantastic month for single family home sales on the New Canaan Multiple Listing Service,” the organization’s president, Melissa Rwambuya, said in a statement. “Unit sales were up over 400% and the median sale price was up 13%, year over year. Buyer demand continues to outstrip low inventory, making it a great time to list a home for sale.”

She referred to the median sales price in February of $1,461,000, compared to $1,288,615 in 2020.