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!
There us plenty of information out there regarding the storm and its aftermath here in Darien and surrounding towns. As of Wednesday,August 31, nearly half the town is still without power.Electricity to the schools has been restored and Darien students will be returning to school tomorrow,Thursday September 1. As far as the storms impact on the real estate market,its safe to say it has basically brought things to a crawl. The Darien MLS has no power but is operating out of a...Continue Reading!
For those of you who keep track of such things, below is a list of sales for last week here in Darien.These homes range from building lots to waterfront listings and teardowns. Topping last week's property transactions was a $2.24 million sale on Juniper Road: 5 Stony Brook Rd. S: Charles B. England Jr. sold to Virginia Jijon and Sebastian Correa for $1,700,000. 51 Leroy Ave.: Jared S. Sturdivant and Jessica S. Sturdivant sold to Lynne Ann Hippeau Tr. and Lynne A. Hippeau...Continue Reading!
Very llittle to report. Most people are away and homes are selling and closing in a trickle only. People are waiting in the wings for new listings which will spike just after Labor Day to kick off the fall market which will run until Thanksgiving or just beyond. None of the news is good except that interest rates will clearly remain low for the foreseeable future. I dont thin its a surprise to anyone to hear that the face of the...Continue Reading!
I've lived here for 25 years and the crime rate has always been negligible.In fact the DarienPolice Reports in the local paper has always been a source of amusement with reports of kids knocking over mailboxes and fender benders. Lately however, the news is more disturbing. While Darien is by no means a high crime town,there has been a rash of recent burglaries and break-ins. Until now,the incidents have been comprised of car break ins whereby burglars stole electronics and cash left...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!
No good news here folks. The only number in the plus category is the average days on the market.Not looking good for August either. With all this nonsense on TV regarding Washington and the like, I cant imagine consumer confidence whispering in the ears of many people saying BUY BUY. Continue Reading!
I havent written much in the past couple of reasons.One reason is that Ive been away and out of touch with the market. That was only for one week and I learned one thing for sure. I didn't miss a thing. Summer is here and there is nary a leaf blowing or house selling. Listings have dwindled to a trickle and all we are seeing are closing left over from the spring.If you're in the market for a house or...Continue Reading!
So you need a place to live? You get on the Internet and Zillow,Trulia and Realtor.com your brains out and some things actually look appealing. Even with all the technological advances there remain things that computer real estate searches cannot accomplish. CONTEXT. How close to the street is a home? What does the house next door look like? Is the backyeard the size of a postage stamp?Can you look into the neighbors window? Are the pictures totally misleading ? Anyway I thought...Continue Reading!
I've been out of town which is why this report is running late. The market continues as I have described in previous posts.After a miserably long winter we had a couple of encouraging months in March and April with volumes, and average prices looking up. Then like someone pulled a plug we lost momentum quickly, I believe due to bad news in the national housing market,possible layoffs on Wall Street and a general lack of confidence in the economy. Even with...Continue Reading!