July 31, 2010 | Updated 11:26am



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Multimillion-Dollar Home Sales Market Withers

Saying it’s been a tough year so far for real estate agents who handle ultra-luxury home sales in Connecticut would be a huge understatement.

Sales of residential properties priced $3 million and higher sank more than 70 percent in the first four months of 2009 compared to a year earlier.

Only 18 homes in that price range traded from January through April, according to data from The Warren Group. Last year during the same months, 63 sales were recorded.

There have been some notable high-end home sales this year, including a 16-room Colonial in Greenwich that fetched $6 million in March and another 4-bedroom home in the same community that went for $5.2 million in April.

But that pales in comparison to the same period in 2008, when nine properties with price tags of $6 million or higher sold.

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