Karen Brewer

So How’s the Market? Darien Homes for Sale….

Sometimes I feel like people don’t see me anymore…they just see a Darien Realtor.Invariably, shortly after hello, I find myself answering the question…”So hows the market?” Its natural of course, especially given the volatility of the market in recent years and peoples never ending fascination with real estate. Lets face it there are entire cable television channels devoted to the subject. So anyway…..HOW IS THE DARIEN REAL ESTATE MARKET? In a word, at the moment it’s on vacation.The dog days of August are here are most people in Darien have up and left town for a week or two.There are still buyers out there but its no stampede and  new listings have reduced to a trickle.

Nevertheless we can look in the rearview mirror and draw some general conclusions. The Darien real estate market has in some ways bounced back and in others remains sort of depressed.Number of homes sold at the end of June versus 2009 was up 63%. Average sale price was up over $1.6million up over 21% from the previous year.

On the other hand,homes are taking longer to sell. The days on market this year was 165 versus the 118 days needed to sell in 2009.Anecdotally however, if you priced your home to reflect the 2009 downturn you are able to shorten this average time considerably.I’ve opined on this subject endlessly in other posts.

Generally prices remain at 2009 levels and we are not expecting any bounce in that department any time soon.

All that said,interest rates remain ridiculously low as do prices making this a great time to buy especially if you plan to stay in the home for several years.

This entry was posted on Tuesday, August 10th, 2010 at 9:03 pm and is filed under Buyers. 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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