New Canaan Real Estate Activity February 16 through March 22

Open House Activity is Heating Up

While the real estate activity was dormant during the month of January, February started to see signs of increased activity while March is promising to be more optimistic than February. Activity at open houses is brisk with lots of interest.
While there were no sales in January, there were 6 closings in New Canaan from February 16 on. In addition, as a better barometer of what is to come, there are 14 contracts pending that have been reported and more that are not reported yet as brokers want to be certain of a firm contract before reporting.

Homes on the Market 269
Median Sales Price to date $1,244,500
Average Sales Price to date $1,794,000

Contracts Pending

22 Urban St $599,000
264 Mill Rd $899,000
151 Danforth Rd $995,000
5 Deer Park Rd $999,000
274 Buttery Rd $999,000
46 Oak Grove Pl $1,095,000
48 Salem Rd $1,249,000
30 Mariomi Rd $1,250,000
77 Douglas Rd $1,895,000
26 Shagbark Rd $1,975,000
626 Weed St $1,995,000
45 Shagbark Rd $2,099,000
93 Louises La $5,000,000
266 Michigan Rd $6,795,000

Homes Sold

44 Valley Rd $1,077,000
51 White Oak Shade $1,150,000
577 Cheesespring Rd $1,189,000
28 Frogtown Rd $1,300,000
142 Parade Hill Rd $1,875,000
358 Lukes Wood Rd $5,250,000