Right Now in New Canaan
In New Canaan 22 homes were sold in December. The prices ranged from $580,000 to $4,950,000 at an average of $2,038,136. Of the 22 homes sold, 15 closed for over $1,000,000 while none sold for under $500,000.
The sale price to list price ratio has been pretty steady throughout the year. December has seen the least variance since 2012.
While homes sold earlier in the year had spent a longer time on the market, the CDOM average dropped in the later half of the year, a trend that has been relatively consistent the past two years.
The average sale price in December of 2014 is up from the previous two years. The average price has been higher than in previous years with the exception of an unusually low September.
This year a total of 316 homes were sold in New Canaan, slightly less than 2013, but the second highest total in the past 5 years. The average sale price was $1,702,440 which is the highest average in the last 5 years. On average homes were sold within 170 days of listing, the lowest average in the last 5 years.
Looking to Buy or Sell a home in New Canaan, CT?
Let me guide you through the real estate maze of homes. My knowledge of neighborhoods and condo complexes is an asset to you as a seller or a buyer in this and surrounding locales. Let me help you reach your real estate goals. I can be reached at 203-858-4853.