A Closer Look at Fairfield County’s 2022 Ultra-Luxury Performance and Expert Predictions for This Year

Sometimes it feels like spring is when the year truly starts. In places that have distinct seasons especially, the rebirth of nature and the warming temperatures seem to bring everything to life in a more vibrant way, including real estate.

As the spring market begins to bud, we’re looking back at Fairfield County (excluding Greenwich) and Greenwich’s ultra-luxury real estate stats for 2022 and sharing what top-performing Compass agents predict for this year going forward.

“Luxury never goes away. The dollar volume may reduce in a down market, but buyers looking over $10 million still want the very best. When interest rates were historically low, prices just kept going up and sellers reaped the reward for renovating or building at the pinnacle of quality. With interest rates now rising, it may take longer to sell these properties but for the buyer who wants a certain lifestyle, these purchases still happen.” – Shelly Tretter Lynch

Source: Cottages & Gardens