Torrington
REAL ESTATE
May real estate transactions in Falls Village
FALLS VILLAGE — Canaan’s most expensive house sold in the last 10 years was recorded in May for $3,750,000. For perspective, during the last 10 years only 10 single family residences have been sold over a million dollars. Falls Village, Canaan has experienced a dramatic tripling of real estate prices in the last four years. The current median price of a single-family residence publicly listed by a real estate broker in Canaan is $719,000 up sharply from $198,000 in June of 2020. In April and May six sales were recorded by the Town Clerk and only half of those were sold by a real estate agent, the other three, typically less expensive properties, were negotiated privately. At the end of June there were eight homes for sale ranging in price from $319,000 to $1,525,000.
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