Market Trends Category
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!
One of the staples of real estate marketing in Darien and everywhere else for that matter is the ubiquitous,Sunday Open House. Every listing gets one or more during its time on the market and the papers and Internet are full of them. But do they really work? Well, it depends on what you mean by work? Over the past eleven years 'Ive personally only seen open houses sell a property a handful of times. They usually draw a cross section of...Continue Reading!
For years residents of Darien,CThave bemoaned the lack of single family housing that allowed them to take advantage of Darien and all it has to offer without the bother of home upkeep and expenses. Also lacking has been a place for long-time residents and empty-nesters to scale back on their homes while staying in Darien. Weep no more, Darienites. Kensett is coming. Kensett represents an entirely new way to live in Darien. Set on 15 acres, the development will be home to over 60 homes in a...Continue Reading!
Much of what I write about is based on statistics on real estate sales and rentals here in Darien. My experience in the past couple of weeks however, points to an interesting phenomenon that often takes place during this time of the year. In the past two weeks, I've been part of multiple bid situations on two separate homes. At this time of year,inventory, although healthy consists of lots of homes that for one reason or the other have not sold...Continue Reading!
Here is this weeks Darien real estate market report. It reflects, as I have mentioned in previous posts that the market has slowed to a crawl. Every day there are several closings that are reflective of the springs relatively active market. Now however, the number of new listings has dried up and the parade of price reductions has commenced. If you're still in the market,act now while there is still inventory and be settled in time for the September school year....Continue Reading!
Just a boots on the ground observation. If you are looking to be settled in Darien for the upcoming school year and are not quite ready to buy,begin your rental search NOW. For wahtever reason the purchasing market has slowed and rentals are flying, especially in the $4-6,000/month range. They last only a day or so on the market and people are taking them, sight unseen.I don't know what this portends for the future.Just a word to the wise. Call me...Continue Reading!
Lots of chatter in the Darien, Ct real estate market this week about a spectacular,waterfront property which came on the market. The address is 27 Contentment Island,which is located in the prestigious, Tokeneke area of town. The property is unique even by Darien standards due to its total privacy,unparalleled water access, and amenities.There are over five acres of grounds most with stunning water views. The main house itself is warm and livable.The spaces are lovely but one never gets the feeling...Continue Reading!