New Canaan Condominium Market 2012
My mother always said, “Good things come in small packages”. As she was only 5’1″ in stature I understand her fondness for the saying. In many ways she was right. But, smaller does not necessarily mean sacrificing comfortable amenities and functional space. Condominium buyers sought both last year in their effort to downsize and simplify their lives.
More than 50% of the units sold consisted of 3 bedrooms with 2.5 bathrooms and between 1,200 and 2,000 square feet of finished living space. 17 larger units also sold. More than half of the condominiums were renovated or updated and had a least a one car garage. Several have transformed their lower levels to provide additional areas for playrooms, offices etc. A quarter of the properties sold have an in-ground pool included in the association amenities and all are walking distance to the center of New Canaan’s restaurants and vibrant village.
A sampling of some of last year’s sales.
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- Leefair 3 bedroom/3 bath approx. 2,500+ sq ft condominium sold for $1,600,000.
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- Oak Park 3 bedroom/3.5 bath approx. 3,200 sq ft. condominium sold for $1,475,000.
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- Prides Crossing 3 bedroom/ 3.5 bath condominium sold for $925,000.
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- This 3 bedroom 2.5 bath Eaton Way condominium sold for $800,000
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- Southgate 3 bedroom/ 2.5 bath condominium sold for $800,000.
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- Three bedroom, approx 1,800+ sq. ft Laurel Green condominium sold for $700,000.
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- Forest Ridge 3 bedroom/ 2 bath condominium sold for $460,000.
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- Heritage Hill townhouse 2 bedrooms/1.5 baths with approx. 1,120 sq. ft. sold for $320,000.
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- Heritage Hill condominium 2 bedrooms/1 bath with approx. 927 sq. ft sold for $275,000.
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- Condominium Sales for 2012 by Price
