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Wednesday, August 27, 2003

Westport Hottest Connecticut Market for Coldwell Banker So Far This Year

While some real estate agents may see a softening in the luxury home market, Coldwell Banker Real Estate Corp. says Westport is its hottest market so far this year in Connecticut.

The company said today that its affiliates’ mid-year 2003 sales of luxury homes increased by 8.2 percent with 5,849 homes sold with a value of $1 million or more. Westport topped its Connecticut list, ahead of Greenwich and New Canaan.

It said Westport had $68.9 million in sales in the first six months, ranking No. 30 on Coldwell Bankers top 75 city sales list. Greenwich was No. 33 with $65.6 million, and New Canaan was No. 71 with $29.9 million.

Out of the top 30 states in Coldwell Banker luxury home sales, California continued to lead the country reporting more than half the sales of luxury homes with more than $5.5 billion in sales volume. 

Florida was the next strongest state with more than $1 billion in luxury home sales volume. Connecticut was No. 6 with $347.8 million in sales.

Only Greenwich in Connecticut made the company’s top 50 individual home sales list, ranking No. 33 with a sale of $7.25 million.

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Posted 08/27/03 at 04:03 PM  Permalink



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