As the famous Princess Diana once said...."There are three of us in this marriage." That in a nutshell is the reason buyer and seller agents gross the amount of money that they do. But all is not what it seems. On the surface of it, in Connecticut a listing agent is entitled to 5% of the sales price of a home...or are they? Lets say your home is on the market for $1million. A 5% commission on the sale of that home is...Continue Reading!
So the real estate market in your town is in full swing but your home seems to be langusihing. What's going wrong? It could be a bunch of things.It could be that the right buyer just hasn't come along. Perhaps your garden gnome collection is a turn off or that those avocado colored countertops are not everyone's cup of tea. OR it just could be one of the top three reasons that homes don't sell.Pricing, pricing and pricing. The real estate market in Darien...Continue Reading!
How’s the market? That's the evergreen question posed to me at the gym,supermarket and every cocktail party in town. At any given moment the state of real estate in Darien can be up, down or even sideways.It all depends on price point, seasonality and supply of listings and buyers. What we Do know is whats happened in the recent past, so let’s take a look backward at how Darien real estate fared in 2014. In a word, I’d say FINE. The statistics for 2014 demonstrate that...Continue Reading!
How do I describe the doings in Darien Ct real estate this year so far? Well first, the season ,as we all know was severely delayed to to severely lousy weather,and a late spring that still is grudging. Repairs needed from ice dams, slowly melting snow and dazed homeowners kept things in a deep freeze well into April, 2014. Then came the thaw, or should I say partial thaw. Homes were listed and anything with a working front door and a price tag...Continue Reading!
Here is an unbiased report from Darien/New Canaan Magazine about the new normal in this areas real estate market....http://www.newcanaandarienmag.com/n/March-April-2014/The-Real-Estate-Survival-Guide/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!
Tucked away just off the Post Road on the Darien/Norwalk border is a small enclave eight homes known as Highmeadow.These homes,built in 2001 have never traded on the open real estate market but instead have been lovingly transferred from owner to owner privately. Such is the demand for these homes. They are a cross between a single family home and condominium. Residents own the property the house sits on but not the common areas which are maintained by the homeowners...Continue Reading!