Market Trends Category
Here's a brief but accurate assessment of the assessments on Zillow known as Zestimates. The public has embraced them as a "go to "site for buyers and sellers alike but as we know.....you cant believe everything on the Internet. Anyway, here's what Ive known all along.....Zillow is just plain wrong.....a lot! <iframe width="560" height="315" src="//www.youtube.com/embed/lFZ6p9-z0-o" frameborder="0" allowfullscreen></iframe>Continue Reading!
As predicted, this week, heralds the beginning of the fall market in Darien real estate. So far there have been ten new listings, which included, a smattering of everything from rentals to $6million compounds in North Darien. Many of the listings are also in our sister town of Rowayton. Nice selection in all price points. Come and get 'em...while they last....Continue Reading!
Tomorrow is the big day. The official beginning of the fall real estate market here in Darien and throughout Fairfield County, We are all praying for lots of nice,entry level homes to fill the screaming need in this price range. The next two weeks or so will be interesting.Sellers in that price range....700-1.5million.... price it right and they will come.... hopefully allowing you to trade up and bump the higher price points. Homes have been selling all summer but at the rate of one...Continue Reading!
You can stay in the hammock for a few more weeks. The real estate market here basically in summer mode with the exception of one or two sales a week. Inventory remains low in the entry level price point and there has been some movement in the $2-3 million dollar range in the past few weeks both in Darien and Rowayton. Some homes are even selling within a week. There are precious few of these however so if you're in...Continue Reading!
Im through trying to predict what will go on in this market. The numbers are down across the board and I thought surely the summer doldrums would settle in along with the excessive heat to dampen the market further. Never mind that the Norwalk and Westport and Wilton markets are on fire (not literally of course), we in Darien seemed to be plodding along nicely,especially given the last few years. All of a sudden this week there are nine new listings including one...Continue Reading!
If you had asked me last April, if things had turned the corner in Darien real estate, I would have answered with a resounding yes!. In fact, I believe I wrote just that on this blog. Three months later, the picture is different and quite mixed. Pending sales are down from last year over 6% and the number of homes sold is down 10%. That said, this time, the reasons for the drop are different than in previous years. Before, we had...Continue Reading!
You can see from other local bloggers that Darien spring real estate is in full swing.As I've mentioned before buyers are out in force.Inventory is sparse and that's creating a bit of a frenzy. As a result several properties in the past few weeks have gone to multiple offers,a situation we haven't seen in a consistent way for awhile.One new listing had back to back appointments from Thursday through Sunday. This is potentially a very good thing but....In a perfect world, the law...Continue Reading!
For years, specifically the past six or more,we've all been reading reports that the real estate market in this country is showing signs of life. A tick up in new home starts, word of rising prices in some markets and persistently low interest rates are a constant.Yet, as a realtor here in Darien Ct, I never really felt it-until this year. Sure homes have been selling over the years since the real estate downturn but at a fraction of the pace and...Continue Reading!
It's that time of year again when everything from politics to fashion gets recapped. We'll soon see 2012's most important events,photographs,people, films, stocks and kitty videos trotted out before us. Similarly, Realtors and brokerages will soon regale us with statistics that invariably point the Darien real estate market in the "up" position. (I happen to agree, this year.) No one has seen the full year 2012 stats yet, but I have seen them as of November. I don't expect any significant variances in December, so I...Continue Reading!
I was at a Darien Christmas lunch today and someone asked me an interesting question about selling a home during the holidays. She has four children, the house is festooned with holiday decor, and she wondered if that was a bad idea. At the risk of sounding like a "Scrooge", I think almost anything that detracts from the focus on the house,its size, or amenities is a no-no.A few common sense tips: Keep your tree, if you have one, to a reasonable size and...Continue Reading!