NEW CANAAN
Market Trends
September 2012
New Canaan is still in a strong Buyer’s Market, but moving toward a balanced market. The Spring market resulted in more sales, lower inventory, and higher prices. The bottom of the market in most of Fairfield County occurred in January/February and January was the lowest point so far for New Canaan prices. That being said, the news media has played up New Canaan and Greenwich as having declined 12.9% from the year before. Our trend analyses show that while that may be true, both prices and number of sales are improving.
NEW CANAAN INVENTORY
NEW CANAAN SALES
HOTTEST HOMES IN NEW CANAAN
What homes are most in demand by buyers in New Canaan? The sweet spot in the market is for 4 bedroom homes with a list price of $1.3-1.4 million. They tend to be on the market only 91 days and sell for 96% of list price.
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