With economic conditions making investments in concrete, fixed assets like real estate more attractive, luxury real estate continues to be in high demand. Second-home purchases are also increasing in popularity: demand increased 77% from pre-pandemic levels. This year, increased foreign investment, relocation and hybrid work are expected to fuel the luxury and ultra-luxury markets, which broke records in 2021. Luxury buyers are looking for five-star amenities as they seek diversions to de-stress the homes they now work in.
In many CT Gold Coast luxury markets, the only thing preventing more sales is low inventory. When homes are priced strategically, they sell fast.
For more details, we're pleased to share Compass' Q4 2021 Lower Fairfield County Market Report, highlighting the prevailing trends shaping the market and providing valuable insights so you can stay educated and informed.
Click here for the full Market Report.
Call us today for a complimentary home valuation. Find out your home's new value in today's market.
JANUARY 2022 PROPERTY TRANSFERS:
NEW CANAAN:
982 Oenoke Ridge Road, New Canaan, CT for $4,800,000
454 Country Club Road, New Canaan, CT for $2,888,000
28 Selleck Place, New Canaan, CT for $2,500,000
883 Valley Road, New Canaan, CT for $2,399,000
467 N. Wilton Road, New Canaan, CT for $2,325,000
438 Country Club Road, New Canaan, CT for $2,300,000
229 Lost District Drive, New Canaan, CT for $2,150,000
95 Ludlowe Road, New Canaan, CT for $2,112,000
1544 Ponus Ridge Road, New Canaan, CT for $2,100,000
185 Gerdes Road, New Canaan, CT for $1,400,927
72 Beech Road, New Canaan, CT for $1,398,500
2061 Ponus Ridge, New Canaan, CT for $1,325,000
5 Meeting Grove Lane, New Canaan, CT for $1,145,000
945 South Avenue, New Canaan, CT for $1,000,000