Tuesday, January 24, 2006

Touching the Sky: Connecticut's Luxury Home Market

The town of Clinton sits on Connecticut's Long Island Sound coast just off Interstate 95. Clinton features beautiful waterfront properties and all the charm of New England town life. A pristine 900-square-foot Cape home sits on a private beach in Clinton waiting to be purchased - for a cool $1.2 million. By the real estate market's standards, this cute Cape qualifies as "luxury" in Connecticut.

"We consider anything over $1 million to be a luxury home," explains Andrea Shiffrin, Realtor, ABR, SRES, with Coldwell Banker Connecticut, formerly William Orange Realty (BNH, October 31, 2005). The state's luxury home market presents homebuyers with several distinct real estate niches. In the $1 million to $2 million range, Fairfield, New Haven and Middlesex counties offer beachfront living, in-town historic homes, older construction homes with extensive acres of land, and suburban communities with all-new construction.

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