New Canaan Market Report: March 2013

Solds: While February saw a similar amount of house closings in 2013 as 2012, there was a big difference in the median (and average) sale price: $850,000 for February 2013 vs. $1,526,000 for Feb. 2012, a 44.3% decrease. Yet, over the past three months the median sold price for houses is $1,326,000 vs. $1,491,000 in the same time frame the previous year (December 2011—February, 2012), a decrease of just 11.1% and more in line with the percentage decrease in median price we’ve seen in the past year. The total number of solds remain high for the past three months (see chart below) thanks in most part to a high amount of closings in December (20). The first two months of this year saw 19 house closings vs. 20 for the first two months of 2012.

Pendings: There were a robust 18 houses that went under contract in February (vs.10 in February, 2012). The houses ranged in list price from $498,000 to $3,150,000 with a median price of $1,195,000 (vs. $1,587,000 in February 2012).

Actives: There were 184 house on the market as of March 1 (vs. 209 on the same date in 2012) ranging in price from $15,900,000 to $499,000 with a median list price of $1,995,000.

© 2018 Nicole Steel is a real estate agent with Steel RE Partners and licensed in the state of Connecticut · Last modified: 25 March 2013 · Log in · Site Map · IDX · Real Estate Web: darrylo