New Canaan Market Report: February 2013

January: We started off 2013 very similar to 2012. This past January we had 12 sold houses vs. 13 in January of 2012; the median sold price was $1,328,000 vs. $1,350,000 in the first month of 2012. One noticeable difference was in the list-to-sale price ratio: 96.3% this past month vs. 92.2% in January of 2012, a 4.1% increase.

Three-month snapshot: Perhaps the best indication of the energy in the marketright now is a look at the past three months. From November 1—January 31 we had 51 houses and 13 condos sold, the most for either in that three month span in 7 years (2005-’06). The 51 houses sold is a 41.7% increase vs. the same time period in 2011-’12; The median house sales price during the past 3 months was $1,326,000 vs. $1,488,500 in the same time frame of 2011-12, a 10.9% decrease.

Pendings: In January we saw 9 houses go pending (vs. 4 in January of 2012) ranging in price from
$3,995,000 to $1,175,000 with a median list price of $1,795,000. Actives: There was a slightly higher than usual 39 new listings that came on the market in January. Still inventory on February 1 was just 166 houses vs. 182 at the same time in 2012, an 8.8 percent decrease. Houses ranged in price from $498,000 to 15,900,000 with a median list price of $2,095,000.

© 2018 Nicole Steel is a real estate agent with Steel RE Partners and licensed in the state of Connecticut · Last modified: 20 March 2013 · Log in · Site Map · IDX · Real Estate Web: darrylo