Property prices for sale in New Canaan (Connecticut)
The prices in real estate in New Canaan, in the Connecticut region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in New Canaan has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $3,726. In the following month the price per sq.feet decreased to $3,366. The price for the following two months in (December, January) had a considerable decrease of 40 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 49 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2,483 to $1,213 during February, and March.
Based upon to the price in New Canaan (cities), these have remained the same in the last 6 months. The price in October is $2,617,894, rising in November till $2,800,549. In the following two months the average price has remained the same with regard to the previous two months from $2,709,221.5 to $2,591,005.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $2,650,113.5 and $2,687,015.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,648,769 they are 84 % more affordable than the average price for New Canaan. The properties with the lowest average price have 3 bedrooms, Their price is 34 % cheaper than the average. After that we have properties with 4 bedrooms priced at $1,647,778.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $447 / sq.feet, with an average $1,762 / sq.feet price in New Canaan. The properties with the lowest average prices have 2 bedrooms. They are 43 % cheaper than the average followed by properties with 3 bedrooms with a price at $731 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $2,648,769 it is 65 % cheaper than the average price in New Canaan. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $1,946,822 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $343 / sq.feet followed by "Condo" priced at $424 / sq.feet. "Detached House" is the most costly type of property with a $936,895 / sq.feet cost followed by "Apartment" with an average price of $1,011 / sq.feet.
