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April 17, 2014

$10M-plus homes are selling well

  • In one week, a 50-acre waterfront estate in Connecticut sold for $120 million and a 52-acre estate nearby sold for $14.3 million.
  • By JOHN CHRISTOFFERSEN
    Associated Press

    NEW HAVEN, Conn. — Connecticut's Gold Coast is living up to its name, with a record $120 million sale of a waterfront estate in Greenwich leading an increase in sales of homes for more than $10 million.

    Five homes sold this year for more than $10 million in Greenwich, the assessor's office said. Another home just sold and four others listed above $10 million are under contract, compared with only one under contract by this time last year and none sold, said Mark Pruner, a sales executive with Berkshire Hathaway HomeServices.


     
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