Market Trends Category
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!
Here is the list of new listings,accepted offers,deposits and closings. As you can see the Darien real estate market is in full swing.Homes are selling across all price ranges. We even had a sale for $11 million!As always, the most popular price range is Darien entry level,namely 500K to $1.5million. Prices continue to moderate and homeowners are more realistic than in years past. There are two homes that I particularly like, one on Hillside Ave and the other on Pilgrim...Continue Reading!
I cannot tell a lie. This article been lifted wholly from Realtor.com but it really explains why buyers and sellers alike should take these Web based real estate estimates with a grain of salt....or a bag of salt. Data is a good thing to have at your disposal but when it comes to buying and selling real estate in Darien or elsewhere, its only a small part of the picture. The old saying is "Garbage in, garbage out" and thats what Web estimates amount...Continue Reading!
As you can see the market is heating up. Volume is still down from last year but homes are selling...if you are in the market...now's the time. Continue Reading!
So far it isnt pretty but the real story will begin to be told as the Spring market gets under way. For information about any of the properties below, contact me at 203-554-0951 or [email protected] Continue Reading!
I'ts that time of year again. No, its not Christmas already.(Thank God) It's Spring and prime time for real estate in Darien CT and the country as a whole. So this is kind of like a Christmas card.It's my annual plea to sellers to price their homes correctly if they are really serious about selling.I get that no one wants to leave money "on the table" so the instinct is to place your home on the market to see "what happens"....Continue Reading!
This is a" boots on the ground" kind of post regarding my observations of the spring Darien real estate market so far.First, its still early-calendar wise.However, the warm weather seems to have brought out potential buyers. As I wrote last week, I was bumping up against other agents in town while showing homes. Renters seem to want to come off the fence but there is still a reticence to pull the "trigger". People are still concerned about job security, particularly...Continue Reading!