Affluent full-time and weekend people are colonizing at a steady pace in rural Litchfield County despite pessimistic media attention toward real estate nationwide. Litchfield County profited from growth and price appreciation in the $1m plus property sector during 2007 irrespective of the sub-prime mortgage crisis.

In 2007 both the total # and gross value of $1m plus property sales increased dramatically over 2006 and the average price for a $1m plus property set an all-time record by increasing +9% to $1,933,243. However, properties are taking longer to sell; the # days on the market increased by 33% in 2007 to 321 days. More good news ahead is likely as there is very limited supply growth of fine properties and demand continues.

This market has seen significant growth during 2007 at the higher-end (property sales $4m & over). The # of sales over $4m jumped by 133% to a record 7 sales last year. Klemm Real Estate participated in 5/7 of these sales and sold the 2 highest sales throughout the County during 2007: In Salisbury Klemm sold two properties: one for $6m and another for $6.3m.

Klemm had a record year! For 2007, Klemm has once again achieved the #1 market share in sales throughout Litchfield County. Klemm also continues to dominate the $1m plus home market with an overwhelming #1 market share, which is twice our nearest competitor.

Klemm is proud to claim record-breaking sales in 2007 in the Towns of Kent, Lakeville, Litchfield, Middlebury, Morris, New Milford, Roxbury, Salisbury & Washington.