Market Trends Category
I've written before about Harbor Point the unbelievable new residential, rental,community in Stamford's South End. Once the home of small factories,auto body shops and vacant lots,Harbor Point is a development worthy of the Romans...There are several rental properties which have become the talk of the town.The Lockworks,The Lofts and 101 Park. All are totally unique rentals, one two and three bedrooms and they are EXTREMELY popular. I had lunch with a friend today who reminded me that you can remember...Continue Reading!
Starting in 2012,Ill be publishing at least monthly, the Darien,Ct Market Tracker which will allow readers to keep on top of the broader trends affecting Darien, Ct real estate. This is in addition to articles about local flavor, individual properties and general real estate stories and information. Hope its helpful. Continue Reading!
Happy New Year everyone. Below is the first Darien home market report for the new year of 2012.As always the report shows,new listings (appearing very slowly),deposits and closings. There have been no accepted offers that I know of in the past couple of weeks. We are off to a slow start but in real estate we see more listings and sales as the weeks go on. If you're thinking of selling, I really don't see any reason to wait until...Continue Reading!
Year end numbers have not been released for Darien, Ct and environs, but that won't stop me from making some general predictions about the real estate market in 2012. None of this is earth shattering but Fairfield County typically acts as its own market within the state of Connecticut and trends here are worth observing since they diverge somewhat from other areas. Everyone constantly asks, "How's the market?" There is no one answer. Homes are selling, although not at previous levels,and will...Continue Reading!
There are lots of reasons people choose to rent in Darien. They can be renovating a home elsewhere, haven't found the home of their dreams in town or are test driving the area, so to speak. Then there are those that have bought a new home and found they were unable to sell their previous home and so list it for rent. Whatever the reason, there are currently around 30 properties for rent in Darien Ct in the price range of around...Continue Reading!
I regularly post both weekly and monthly reports regarding volume, average price,closing etc. But at this time of the year, I feel it is prudent to take a break both from what is boring and irrelevant. Real estate is a seasonal business and there is little of significance that I expect to occur between now and the beginning of 2012.Listings will dribble onto the market and homes will sell at a sluggish pace. Nothing big will occur as concerns pricing...Continue Reading!
Here is the list of this weeks property transfers here in Darien. Don't you wish you could make the list too? You can, you know. You know who to call. 39 Tower Dr.: Jeffrey Scofield sold to Charles E. McCarthy and Deborah E. McCarthy for $2,235,000. 7 Whaling Rd.: Kenneth J. Kutz and Nora M. Kutz sold to Michael P. Kuehler and Karen N. Kuehler for $1,580,000. 5 Red Cedar Dr.: Andrew L. Wright and Melanie A. Wright sold to CL Darien Partners...Continue Reading!
Every quarter William Pitt Sotheby's International Realty puts out a comprehensive report on the state of real estate in Connecticut.They do a much more comprehensive job than I can in this space. So if you are thinking of buying or selling a home in Darien or elsewhere in the area,do not pass GO. It's a must read. http://viewer.zmags.com/publication/ddb5fafd#/ddb5fafd/1Continue Reading!
I was speaking with a client yesterday about the stste of the market and whether there are any signigificant foreclosure properties. The short answer is a curt ,"No." Oh sure you may say,of course DARIEN cant have a foreclosure issue but even a cursory web search on www. foreclosures.com shows that this town as well as a couple of surrounding communities have eluded the foreclosure crisis. When you think about it, it makes sense. Many people here in town bought at the...Continue Reading!