New Canaan Real Estate Market Up 16% for 2014.
Jan 28, 2015.
New Canaan, Connecticut has seen an increase in value of single family home sales in 2014. The average 2014 home sale price for New Canaan is at $1,929,472 up 16.2% from 2013 which was at $1,661,172. Average days on the market came in at 122 day with the average home size of 4963 square feet. In 2014 250 single family homes sold versus in 2013 of 277.
Currently on the Greater Fairfield CMLS there are 174 single family homes for sale with 39 of them being new construction. The homes range in price from $535,000 up to $24 million for a 10,000 square foot Tudor Manor on 128 acre equestrian estate.
New Canaan, Connecticut, 06840 has a population of 19,738 (2010 census) and is one of the wealthiest communities in the United States. With a Metro North Branch a train ride to Grand Central Terminal in Manhattan is approximately 60 minutes. The total area of New Canaan is 22.5 square miles and the town website is http://www.newcanaan.info/
For more information on Home Trends in Fairfield County, Connecticut contact DMK Real Estate. DMK providing step by step real estate assistance for buyers, sellers, builders, landlords and tenants.
Median Price: is half are below, half are above
Average Price: are all sold prices are added together into a sum; the sum is then divided by the number of houses that sold.
*The statistics presented in Market Tracker are compiled monthly based on figures and data generated by CML MLS & the Greater Fairfield County CMLS. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data is derived from CML MLS is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed.
Comments(3)