Market Trends Category
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!
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!