NEW CANAAN RESIDENTIAL. May 1-31

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1 2017 NEW CANAAN RESIDENTIAL 77 May 1-31

2 % Houses: Sold in May % Houses: Sold First Five Months % Houses: Average Sale Price May $1,680,761 $1,735, % Houses: Average Sale Price First Five Months $1,709,717 $1,875, % Houses: Pendings in May % Houses: New Listings in May % Houses: Inventory June % Condos: Sold First Five Months % Condos: Average Sale Price First Five months $694,618 $789, % Condos: Inventory June % House Sales: The New Canaan and lower Fairfield County real estate market in 2017 continues to be relatively strong. Through the year s first five months New Canaan had 91 house closings, equaling the highest total of the past 10 years. Collectively New Canaan, Greenwich, Stamford, Darien, Norwalk, Wilton and Westport had a 9.5% increase in number of house closings and a 14.2% increase in dollar volume of house and condo sales. Inventory: The 73 new house listings in New Canaan in May brought inventory to 306, 11% lower then last year at this time but still about 10% over what we ve typically had on the market this time of year. The median list price of active houses is $1,897,000 vs. $2,091,500 a year ago, a 9.3% decrease. Pendings: Twenty-five houses went pending in May, a 31.6% increase as compared to last May but about average for the month. Pendings ranged in price from $799,000 to $4,645,000 with an average list price of $1,880,000. New Canaan Condos: Condo sales are steady, with an 11% year-over-year increase over the first five months of the year. Similar to houses the average selling price is lower this year then last. New Canaan Solds, Jan. 1-May Houses Condos

3 Source: All data in report taken from Multiple Listing Services. Sold in May Houses (28) Address Sold Price List Price % Acrs SqFt Year Style BR FB DOM 806 Carter Street $576,000 $629, % Ranch Sunrise Avenue $715,000 $749, % Colonial Smith Ridge Road $895,000 $925, % Antique Indian Waters Drive $900,000 $999, % Cape Fawn Lane $970,000 $1,050, % Cape Lockwood Avenue $980,000 $965, % Colonial Rocky Brook Road $985,000 $1,049, % Colonial Hanford Lane $1,005,000 $1,175, % Contemp Deer Park Road $1,080,000 $1,198, % Colonial Turtle Back Lane $1,275,000 $1,395, % Colonial Carter Street $1,300,000 $1,350, % Colonial Chichester Road $1,300,000 $1,435, % Modern Driftway Lane $1,400,000 $1,425, % Colonial Holmewood Lane $1,423,300 $1,498, % Colonial Laurel Road $1,465,000 $1,575, % Colonial Valley Road $1,615,000 $1,795, % Colonial Shady Knoll Lane $1,660,000 $1,695, % Colonial Turtle Back Road $1,800,000 $1,795, % Colonial Clearview Lane $1,900,000 $2,285, % Colonial West Road $1,950,000 $2,250, % Colonial Old Studio Road $2,000,000 $1,995, % Colonial Oenoke Ridge $2,125,000 $2,295, % Cape South Avenue $2,200,000 $2,295, % Colonial Parade Hill Lane $2,450,000 $2,500, % Cape Brushy Ridge Road $2,550,000 $2,650, % Colonial Hillcrest Road $2,670,000 $2,750, % Colonial Ponus Ridge $2,672,000 $2,995, % Colonial Hemlock Hill Road $5,200,000 $5,725, % Colonial Sold in May Condos (6) Address Unit # Sold Price List Price % Year SqFt BR FB DOM 94 East Avenue F $599,000 $615, % Lakeview Avenue 14 $620,000 $649, % New Norwalk Road #11 $645,000 $679, % South Avenue 24 $810,000 $869, % Oenoke Ridge CH1 $875,000 $899, % Lakeview Avenue 2C $1,080,000 $1,049, %

4 New to the Market in May Houses (73) Address List Price Acres SqFt Year Style BR FB 110 Richmond Hill Road $675, Ranch Turner Hill Road $675, Cape Cod New Lane $710, Cape Cod River Street $799, Colonial Briscoe Road $845, Col Split Rural Drive $850, Colonial Mariomi Road $899, Colonial Smith Ridge Road $949, Ranch Buttery Road $950, Ranch Woodland Road $975, Cape Cod Echo Hill Road $997, Cape Cod Juniper Road $998, Colonial Smith Ridge Road $1,049, Colonial White Oak Shade Road $1,099, Colonial Crystal Street $1,125, Cape Cod Hidden Meadow Lane $1,169, Colonial Weed Street $1,300, Colonial Snowberry Lane $1,325, Colonial Winfield Lane $1,325, Colonial Valley Road $1,359, Colonial Old Studio Road $1,365, Colonial Cheese Spring Road $1,429, Colonial Bald Hill Road $1,450, Colonial Hickory Drive $1,495, Cape Cod New Norwalk Road $1,495, Colonial Salem Road $1,499, Colonial Spring Water Lane $1,595, Colonial Thurton Drive $1,599, Colonial East Avenue $1,600, Colonial Butler Lane $1,625, Colonial Ramhorne Road $1,645, Ranch Salem Road $1,675, Colonial Fitch Lane $1,698, Colonial Main Street $1,699, Colonial Smith Ridge Road $1,739, Colonial Myanos Road $1,745, Modern Sagamore Trail $1,750, Colonial Old Norwalk Road $1,758, Contemp Clearview Lane $1,895, Colonial Jelliff Mill Road $1,949, Colonial Frogtown Road $1,975, Contemp Park Lane $1,995, Colonial Weed Street $1,998, Colonial 5 4 4

5 New to the Market in May Houses (continued) 26 Maple Street $2,095, Colonial Ramhorne Road $2,195, Colonial Brookside Road $2,245, Colonial Logan Road $2,295, Colonial Gerrish Lane $2,299, Colonial Gerrish Lane $2,350, Colonial South Avenue $2,399, Colonial Old Stamford Road $2,425, Colonial Gower Road $2,425, Colonial Hawks Hill Road $2,495, Colonial Hawthorne Road $2,545, Colonial Smith Ridge Lane $2,595, Cape Cod Elm Street $2,650, Colonial Elm Street $2,675, Colonial Thayer Pond Road $2,675, Colonial Carter Street $2,695, Colonial Smith Ridge Road $2,795, Colonial Frogtown Road $2,850, Colonial Indian Waters Drive $2,900, Colonial Clearview Lane $2,995, Colonial Norholt Drive $2,995, Colonial Huckleberry Hill Road $3,295, Colonial West Hills Road $3,395, Colonial Hillcrest Road $3,395, Colonial Stoneleigh Road $3,495, Colonial Frogtown Road $3,950, Georgian Smith Ridge Road $4,950, Colonial Carter Street $4,995, Colonial North Wilton Road $5,790, Colonial Briscoe Road $9,995, Colonial 7 6 New to the Market in May Condos (9) Address Unit # List Price SqFt Year BR FB 190 Park Street 3 $245, South Avenue F $385, New Norwalk Road 12 $615, Heritage Hill Road 40 $739, Forest Street 14 $748, Park Street C $869, South Avenue 27 $899, Lakeview Avenue 25 $1,329, Oak Street 21 $1,895,

6 M i l l i o n s $600 $500 $400 $300 Dollar Volume of House & Condo Sales: Jan. 1 - May $200 $100 $0 New Canaan Darien Wilton Greenwich Stamford Norwalk Westport Town Comparison: SOLDS First Five Months 2017 (Single Family Houses) TOWN Houses SOLD vs % change Average Sold Price vs % change New Canaan % $1,709,717 $1,875, % Darien % $1,700,083 $1,757, % Wilton % $929,630 $928, % Greenwich % $2,394,629 $2,221, % Stamford % $657,108 $647, % Norwalk % $572,424 $559, % Westport % $1,668,704 $1,628, % Fairfield County % $687,824 $664, % Town Comparison: Active House Listings on May 15th TOWN vs % change New Canaan % Darien % Wilton % Stamford % Norwalk % Westport % Fairfield County 6,466 6,490 5, % 6

7 What s New? MARKET SNAPSHOT. Keeping an eye on home values in your area just got easy. Track new listings Track homes sales Trak your home s values Visit for an instant report and receive automatic updates. Upcoming Events June 4:00pm The Glass House 10th Anniversary Summer Party 199 Elm Street, New Canaan ($500 ticket) June 8:00 am 10:30 am 2017 MMRF Tri-State 5K Walk/Run New Canaan High School, 11 Farm Road, New Canaan June 7:30 pm 9:30 pm Waveny Summer Concert Series Waveny Park, Waveny House Veranda, New Canaan June 8:00 pm 10:00pm Carriage Barn Arts Center Waveny Park, 681 South Avenue, New Canaan 25+ Years Experience Certified Residential Specialist In the top 3% of Real Estate Agents Nationally Specialize in Luxury Homes, New Construction, Rehab Purchase, and Relocation. Colleen Rock, CRS ColleenRock@Halstead.com 183 Elm Street, New Canaan, CT All information is from sources deemed reliable but is subject to errors, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of descriptions. All measurements and square footage are approximate and information should be confirmed independently.

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