Market Trends Category
Traditionally, the real estate market slows to crawl in the months of November and December while homeowners deck their halls ,trim the tree and yes shovel their driveways. People hunker down to wait out New England's increasingly long winter months and put all hopes of selling their homes until the cherry blossoms emerge. Homeowners temporarily remove their homes from the market and just wait for spring. No seller WANTS to do this but for whatever reason their home has not sold during...Continue Reading!
Don't breathe a word. I'll be listing a Darien home this week in the impossibly hard to find $1million price range. It's a three bedroom classic Cape, with a den, beautiful big,new mudroom, one and a half baths and carpeted, finished basement. The bedrooms are all upstairs and the house is sited on 1/2 acre in the Tokeneke School district. The kitchen has been updated and even has a Sub Zero fridge. The property is private with sliders and a stone patio off...Continue Reading!
How do I describe the doings in Darien Ct real estate this year so far? Well first, the season ,as we all know was severely delayed to to severely lousy weather,and a late spring that still is grudging. Repairs needed from ice dams, slowly melting snow and dazed homeowners kept things in a deep freeze well into April, 2014. Then came the thaw, or should I say partial thaw. Homes were listed and anything with a working front door and a price tag...Continue Reading!
Back "in the day" I used to post my favorite "House of the Week" on this blog but as usual things have gotten complicated. Legally, I am not allowed to post any information much less a review of any other agents' listings. It is considered advertising and one agent does not have the right to advertise another's listing without expressed permission. Since no one would grant me permission to write an unbiased review of a home, there is no sense to...Continue Reading!
Here is an unbiased report from Darien/New Canaan Magazine about the new normal in this areas real estate market....http://www.newcanaandarienmag.com/n/March-April-2014/The-Real-Estate-Survival-Guide/Continue Reading!
FINALLY, we are seeing more inventory come onto the Darien home marketplace. Its been a" fits and starts" sort of thing up until now,particularly in the entry level price point. So if you're interested in buying a home from $700,000-$1,500,000 NOW is the time to keep your eyes and ears open. These houses will go to the swiftest of buyers and those who are willing to step up in multiple bid situations. What does that mean exactly? Well just the way it sounds. If...Continue Reading!
By now you know about the inventory issues in Darien real estate. If you're looking to buy a home below $1.6million, you have few to no choices. Now that the weather has for the moment, turned warm all the ice and snow that has built up on the roofs of Darien homeowners is finding its way indoors. Ice damming has been a big issue during this cold snap and as the deep freeze abates, water will continue to make an appearance in family rooms...Continue Reading!
Five years ago, you practically couldn't give houses away...Homes that were on the market were overpriced and buyers were burrowing in their bunkers awaiting better news of the economy, election results, bonuses, you name it. We knew it had to happen and eventually it did. All the first time home buyers from New York City, now with one child living in a closet and another in a dresser drawer have re emerged to create a hot, entry level market in Darien,CT...Continue Reading!
For those of you wanting more in depth analysis of last years market in the area, William Pitt Sothby's publishes a great, comprehensive report.. http://www.williampitt.com/eng/market-reportsContinue Reading!
The numbers are out and maybe you've seen them already. If not, The real estate market in Darien in 2013 remained even where it needed to be and strong where it needed to be. Let me explain. Homes sold last year was down by only three homes or 1% of the total number conveyed. A stable number indeed. The average days on the market was down (another strong indicator) was just off slightly by two days. Behind this number however, are some deeper...Continue Reading!