Condo Sales Surge in New Canaan

New Canaan in 2014 saw what experts are calling a record number of condominiums and cooperatives sold, and those that came in at above-asking price increased ninefold over the prior year. In 2014, New Canaan saw 79 condos sold (the figure includes 10 non-MLS sales)—a 25 percent increase from the prior year, according to a local Realtor who’s been tracking MLS and non-MLS sales data since 1989. And among those 79 units, nine were sold above asking price, compared to just one in 2013, said Jeanne Rozel of Halstead Property, a New Canaan resident for 40 years. They’re statistics that Rozel said “shocked” her when she compiled the data. “I can’t figure this out,” Rozel said.