Fairfield County Homes for Sale: New Canaan Connecticut Real Estate Market Trends - September 2012

New Canaan Connecticut Real Estate Market Trends - September 2012

NEW CANAAN

Market Trends

September 2012


New Canaan Connecticut Real Estate 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 Connecticut Inventory - September 2012

NEW CANAAN SALES

New Canaan Connecticut Sales - September 2012


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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Comment balloon 0 commentsGail Robinson • October 13 2012 09:45PM

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