Market Trends Category
For a myriad of reasons, there appears to be a glut of inventory in the towns of New Canaan and Darien CT. This is affecting all price points from entry level around $750,000 to direct waterfront in the multi million dollar category. There seems to be no particular reason for the flood of homes on the market and while sales are at a steady pace from last year, there is a ton to choose from if you are a buyer. Sellers are...Continue Reading!
" I hear the market is up". This is a refrain I hear almost every day from other agents,managers and media. There are many ways to measure a market.The stock market for example can be looked at as a function of the S&P, various business sectors or as individual company stocks. The same is true in real estate markets. From time to time, I publish local Darien,New Canaan,Norwalk and Rowayton real estate statistics. They all point to various measures of the local...Continue Reading!
The common wisdom is that the Connecticut real estate is a seasonal and largely springtime phenomenon. Not so. While the majority of homes wait for the ice to melt and the dogwoods to bloom, people need and want to sell their homes all year round. And autumn is no exception. The New England fall days are some of the prettiest for the Connecticut real estate market. Listings are continuing to come on the market albeit at a slower pace. But the selection...Continue Reading!
Every Realtor in the world loves to publish the weekly,monthly, even daily real estate report here in Darien and well everywhere. The problem with that is that numbers can only tell a one dimensional view of a situation. If you look at the Darien statistics, we show a "flat to slightly up "market, average price is up a bit, sales are comparable with last years....the patient is healthy but not robust. The "Boots on the Ground Report" reflects a similar situation...Continue Reading!
Not all homes in Darien are multi million dollar estates, on the water. The price of admission to this tony town of Darien is often much less than you might imagine.Condominiums in town are the most obvious choice to entry with pricing starting in the 400's and going up to $1.8 million or so for the new Kensett development. So what's in between if you want to take advantage of Darien,CT's waterfront community, one hour commute, and award winning schools. Case in...Continue Reading!
It's not everyday that you can find a home in Darien Ct that is absolutely pristine, and walking distance to train and shopping for under $1million. In fact,it happens almost never....except for TOMORROW, May 4,2015. I will be listing a beautiful 1940 square foot, 3 bedroom colonial on an "in demand "street in Darien for $945,000. On .23 acres this home has been freshly painted and carpeted. It has a large Master suite with remodeled master bathroom and large walk in closet. There...Continue Reading!
How’s the market? That's the evergreen question posed to me at the gym,supermarket and every cocktail party in town. At any given moment the state of real estate in Darien can be up, down or even sideways.It all depends on price point, seasonality and supply of listings and buyers. What we Do know is whats happened in the recent past, so let’s take a look backward at how Darien real estate fared in 2014. In a word, I’d say FINE. The statistics for 2014 demonstrate that...Continue Reading!
Its not yet 2015 but no doubt those thinking of buying a home in Darien or just about anywhere are all wondering the same thing. When should I begin my search? Is January too soon? May too late? Do prices spike in the spring? Is there anything wrong with homes that didn't sell over the winter? What do I do first? These are all reasonable questions with simple answers. As you've undoubtedly heard, all real estate is LOCAL. What holds true...Continue Reading!
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!