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!
The blogging cognescenti says that a good blog,no matter what its aim always should contain an occasional post about the authors personal life. Its supposed to make us more human and not some Realtor just spitting out data about the Darien real estate market. So okay, Ill bite. I spent the last nine days or so,give or take one or two in various airports, on a great trip to Central Europe.Vienna,Budapest, and Prague to be exact.My husband and I went along...Continue Reading!
in some ways.Last weeks article in the Darien Times was a bit of a hodge podge of ideas.I believe the article tried to cover too much ground and in the end offered misleading facts and figures. The article begins with saying that the real estate market here in Darien is volatile with prices fluctuating over the past couple of years. That is true.However, the article then goes on to cite the median price of a home sold here. The median price...Continue Reading!
Just posting the weekly numbers again for those of you following these things.Several new listings across all price points.Lots of price reductions as well.Number of accepted offers continues to be low with buyers seemingly going toward renting. Continue Reading!
Well lots of stuff. Once again this summer,Baywater Properties and Grove Street Investments is sponsoring Darien Summer Nights featuring free,live music in the Grove Street Plaza right here in Darien. Various bands and singer/songwriters will perform evert Friday from 6-9PM. There's a real mix of sounds,something for everyone. Check out the link for specific performers......And that's one of the things that's so great about living in Darien! http://dariensummernights.com/schedule-of-events/Continue Reading!
Where have all the buyers gone? To rentals is seems. At this time of the year when families wish to secure a place in the lauded Darien school system, rentals do take a bounce. This year was no exception except that the rush to rent seems sooner and faster than years past. The bad news from Wall Street about potential layoffs,and bad national economic news seems to have sent potential buyers headed toward leasing. I had a rental listing that...Continue Reading!