The Gold Coast Standard and Darien Real Estate

Darien Homes for Sale, First Quarter 2010 Real Estate Report

What a difference a year makes! The report for the first quarter of 2010 in Darien real estate underscore what I have been saying here on www.TheGoldCoastStandard.com. Darien homes have been coming on the market and selling just as quickly. Unlike last year, which could be characterized as sluggish and even comatose at times, this year is bringing sales across ALL price ranges and quickly.

The entry level for Darien,CT is normally the most active and this year is no exception. However, we have seen an unusual number of stratospheric listings binding within days. That is surely new. The total number of sales in Darien real estate is up almost 76 % in units and the average sale price is also up big time from $1.350 million in 2009 to $1.7888 in the first three months of 2010.Not surpisingly, dollar volume is $66million versus $28 million just a year ago.Residential Darien listings  market time is going to be coming down in the months coming owing to some recent listings that were listed and sold within a week.

The bad news, if there is any, is that prices have not rebounded and frankly no one is expecting a big bounce.

The Darien,CT condo market also remains soft as does Darien land sales.It seems builders are still trying to unload previously built homes and/or having trouble with bank financing.

What does all this mean for the homebuyer? Well, the days of sitting back,surfing the Web for Darien real estate and waiting months to make a decision  is about to undergoing a serious change.

Buyers need to step up quickly and in some cases even get into multiple bid situations. It’s Back To The Future around here…..at least for now.

This entry was posted on Tuesday, April 6th, 2010 at 9:17 pm and is filed under Buyers, Market Trends, Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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