Properties lingered due to cooling real estate market

Properties lingered due to cooling real estate market

This three bedroom antique house at 112 Town St. was built in 1826 with four fireplaces. The July sale of $1.15 million was over the 2024 median sale price for Cornwall of $1,115,000.

Christine Bates

The regional real estate market returned to equilibrium in 2024 with fewer sellers and patient buyers.

Multiple offers on listed properties were infrequent and discounts from listing price were small. Buyers looking for move-in ready HGTV-perfect remained the norm with little interest in updating, not to mention renovating. Younger professional purchasers both from Brooklyn and California continue to find the Litchfield Hills attractive.

The performance of the real estate markets in 2024 in Connecticut’s Northwest Corner showed slight declines in median prices in five of our eight towns compared to 2023. The highest median price was in Cornwall at $1,115,000 and the lowest in North Canaan at $255,900. The number of closed residential sales was also down in five out of eight towns with Goshen — the most active market — edging out Salisbury with 48 sales during the last 12 months. At the same time price per square foot increased in most towns except for Sharon which decreased by 17% to $279 and Canaan, down 18% to $378 per square foot.

The results of this year demonstrate once again how a few high sales can dramatically change comparative town statistics. This year the Town of Cornwall is a splendid example with the sale of two properties over $5 million — 400 5½ Mile Road for $12 million and 40 Cobble Hill Road for $6.25 million. The estate built for tennis great Ivan Lendl on 5½ Mile Road with 18,000 square feet and 446 acres had been on and off the market for some time before selling in January 2024 — the most expensive property ever sold in Litchfield County. A month after selling their estate the Lendls purchased a slightly smaller 6,400 square foot house on 187 acres in Cornwall — the second most expensive house in our region in 2024.

Million-dollar properties continued to be sought after and accounted for approximately 22% of all properties sold, with Salisbury accounting for 22 of the 63 million-dollar properties selling in the eight towns.

New Home construction continues, and 55 pieces of vacant land were sold in the eight towns. The most expensive was 59 acres on 189/195 Amenia Union Road in Sharon which sold for $1,775,000; however, the 11 acres at 4-5 Mount Mauwee Lane in Kent at $500,000 was the most expensive price per acre at $45,000. On the affordable end of the market, 14 sites ranging from 19 acres to half an acre sold for less than $100,000.

Latest News

Kent P&Z closes High Watch hearing, continues deliberations

Kent Town Hall, where the Planning and Zoning Commission closed a public hearing on High Watch Recovery Center’s permit modification request on Feb. 12

Leila Hawken

KENT — The Planning and Zoning Commission on Feb. 12 closed a long-running public hearing on High Watch Recovery Center’s application to modify its special permit and will continue deliberations at its March meeting.

The application seeks to amend several conditions attached to the addiction treatment facility’s original 2019 permit. High Watch CEO Andrew Roberts, who first presented the proposal to P&Z in November, said the changes are intended to address issues stemming from what he described during last week's hearing as “clumsily written conditions.”

Keep ReadingShow less
Kent committee to review Swift House options

The Swift House in Kent has been closed to the public since the COVID-19 pandemic. A newly appointed town committee will review renovation costs and future options for the historic property.

Alec Linden

KENT — Town officials have formed a seven-member committee to determine the future of the shuttered, town-owned Swift House, launching what could become a pivotal decision about whether Kent should invest in the historic property — or divest from it altogether.

The Board of Selectmen made the appointments on Wednesday, Feb. 11, following recent budget discussions in which the building’s costs and long-term viability were raised.

Keep ReadingShow less

Kathleen Rosier

Kathleen Rosier

CANAAN — Kathleen Rosier, 92, of Ashley Falls Massachusetts, passed away peacefully with her children at her bedside on Feb. 5, at Fairview Commons Nursing Home in Great Barrington, Massachusetts.

Kathleen was born on Oct. 31,1933, in East Canaan to Carlton and Carrie Nott.

Keep ReadingShow less
google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.

Carolyn G. McCarthy

Carolyn G. McCarthy

LAKEVILLE — Carolyn G. McCarthy, 88, a long time resident of Indian Mountain Road, passed away peacefully at home on Feb. 7, 2026.

She was born on Sept. 8, 1937, in Hollis, New York. She was the youngest daughter of the late William James and Ruth Anderson Gedge of Indian Mountain Road.

Keep ReadingShow less

Ronald Ray Dirck

Ronald Ray Dirck

SHARON — Ronald Ray Dirck, affectionately known as Ron, passed away peacefully with his family at his side on Jan. 17, 2026, in Phoenix, Arizona, at the age of 85. Born on Jan. 31, 1940, in Sedalia, Missouri, Ron lived a life filled with warmth, laughter, and deep devotion to his family.

Ron shared an extraordinary 62-year marriage with his high school sweetheart and beloved wife, Jackie. Their enduring partnership was a shining example of living life to the fullest.

Keep ReadingShow less

Linda Lyles Goodyear

Linda Lyles Goodyear

CANAAN — Linda Lyles Goodyear was born in Bronxville, New York, on June 17, 1936, to Molly Gayer Lyles and James Adam Lyles. She died peacefully in her sleep on Feb. 4, 2026, of complications from dementia. As a child she spent her summers with her parents and sister, Sally, in Canaan at the family’s home along the Blackberry River that was built in 1751 by her relative, Isaac Lawrence. Linda met the love of her life, Charles (Charlie) W. Goodyear, during her Bennett College years, and after graduating they married on Aug. 4, 1956.

The two lived a busy life, raising three children and moving to 10 different states over the course of Charlie’s 43 year career with Exxon Mobil. Every two years Linda was setting up a new home, navigating new school systems with her kids and getting involved in volunteer activities.

Keep ReadingShow less
google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.

google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.