50 Cent sold his Farmington, Connecticut, mansion at a $1.2 million loss—an early harbinger of positive market trends for Connecticut’s luxury market
sold his Farmington, Connecticut, mansion at a $1.2 million loss
—and significantly lower than his asking price of $14.5 million when he first listed it in 2007—might be an early harbinger of positive market trends for Connecticut’s luxury market. As paradoxical as it sounds, the mid-level luxury market in that region has seen so little activity over the past few years that any signs of life are a good thing.
By getting $2.9 million for 50 Cent’s house, which is about $1 million more than where median prices were at their peak a few years ago, there is hope for more to come in the luxury segment. The listing agent who brokered the sale, Jciting her recent sale of a $6.6 million house in the region and that other big deals are gaining traction.
The kitchen with its ample granite countertops, chandelier and mahogany-hued cabinetry has professional quality appliances.
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