New Canaan Market Trends January 2015

By
Real Estate Broker/Owner with Dagny's Real Estate

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.

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Location:
Connecticut Fairfield County New Canaan
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Rainmaker
3,941,417
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Dagny,

Great market report on New Cannan Trends! Days on market going down and prices moving upward..a good sign!

Jan 29, 2015 11:33 AM #1
Rainmaker
2,332,298
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Dagny. Most the trends in New Canaan are moving in a positive direction, hopefully that will continue throughout 2015.

Jan 29, 2015 05:27 PM #2
Rainmaker
3,601,059
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Dagny, looks like a strong market getting stronger. Enjoy the ride!

Jan 29, 2015 06:39 PM #3
Rainmaker
1,571,172
David Saks
(retired) - Memphis, TN

Fine report, Dagny. Very nice post and great information. September is obvioulsy a great month for SP to LPR and CDOM, and April your best ASP. Have a terrific morning.

Jan 29, 2015 07:18 PM #4
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Dagny.  I am getting a nosebleed looking up at your prices.

Jan 29, 2015 07:49 PM #5
Rainmaker
2,742,657
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

New Canaan is wonderful place to live.  I love working on the homes there.  Here's hoping to an even better 2015.

Jan 29, 2015 08:42 PM #6
Rainmaker
1,816,979
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Great to know what is happening in my home town Dagny...amazing real estate.

Jan 29, 2015 09:48 PM #7
Ambassador
1,770,455
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Dagny your New Canaan Market Trends really paints a picture of a wonderful neighborhood and is easy for any one reading this to see that the statistics are great. 

Jan 29, 2015 10:45 PM #8
Rainer
29,884
Glenn and Rebecca Hauer
Right Trac Financial Group, Inc. - Vernon, CT

Dagny,

 

Thank you for the insite into the market trends.  It's nice to see prices are on the rebound, it should help a lot of homeowners out.

Feb 02, 2015 04:12 AM #9
Rainmaker
2,170,054
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Dagny - a good market report for New Canaan.  Things are moving in the right direction.

Feb 03, 2015 06:34 AM #10
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Dagny Eason

Fairfield County CT, CDPE Homes For Sale and Condo
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