Market Trends Category
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!
The fall is off to a slow start. Very few listings of value have come onto the market and the sales are precious few. We're holding our own versus last year but thats the best you can say,Im afriad. Sellers should begin to lower asking prices as the days grow shorter and the holiday seasons approach. For any questions on a specific property call me on 203-554-0951. Continue Reading!
For those of you who are familiar with town and know the ins and outs,here is this weeks activity report.As you can see its precious little. Only 7 new listings and several are homes that have been relisted from a previous time.Continue Reading!
Since the Darien real estate market is so slow,I've been ruminating over what to write about. Then I realized I should just fess up and describe things the way they are.REALLY slow. Since Labor Day listings are just dribbling on to the market one at a time and half of those are rentals. The other half seem to be homes that were previously listed and are now being re-marketed at a lower price. If you are in the market to buy a...Continue Reading!
The hint in the headline is the word "fall". Sure that's the upcoming season but it has another meaning too. Today when I checked the Darien MLS for status changes of listings I was met with half a dozen price reductions. And that's what I predict will continue to be the case throughout the autumn.In the past, the fall market often represented a last ditch effort to sell their homes before retreating into real estate hibernation for the winter. As a result,...Continue Reading!
I was chatting with a colleague last night and we were discussing the current state of the real estate market in general and how it has been transformed by the Internet.It has by and large, been a great thing for buyers and sellers alike and offers information in ways no one dreamed of just a few years ago. Pictures,videos,town statistics- all at the click of a button. But there are some things the Internet can't supply.At the end of the day, there is no photograph or chart...Continue Reading!