Every quarter and and year end,William Pitt Sotheby's International Realty publishes a recap of the real estate markets in Fairfield and Litchfield,Ct counties.Unlike other reports that just provide statistics, this report is well worth reading.It provides context for the various marketplaces in Connecticut and offers excellent insights into,what's selling,why and who is, in fact buying.Its a must read primer for anyone entering the Darien real estate market in 2011. http://viewer.zmags.com/publication/ddb5fafd#/ddb5fafd/1Continue Reading!
Blessedly, the town of Darien,Ct has been largely spared from the real estate meltdown of the past few years. It is true that real estate values in Darien have declined nearly 30% but compared to other parts of the country, that's actually not so bad. The number of foreclosures and short sales have also been on the low side. Many have come on the market and quietly been turned over to the banks.One such property is 12 Five Mile River Road. If any...Continue Reading!
I am naturally asked by prospective buyers of Darien real estate about market conditions and home values in Darien Ct.As we all know,real estate markets and conditions change from year to year and even season to season. So why choose Darien,Ct as a place to buy a home?The answer is simple. Darien, Ct has the trifecta* of real estate. In case youre new to town and/or to this blog,Darien CT has three things that no recession,no bad lending practices and no overzealous agent...Continue Reading!
2011 is a brand new year but there is one thing that I guarantee has not changed form 2010. An overpriced listing in Darien or anywhere, will not sell. Contrary to popular belief, it is the MARKET that determines value. whether it is for a stock, a used car, or your home.The only thing that counts is what someone is willing to pay. One of the first things a Darien homeowner does when they wish to sell their home is call their real estate agent.Typically, that...Continue Reading!
When you live in a home, it is obvious when you need a new roof or the furnace is on the fritz.But when it comes to selling your home, we all have a blind eye about certain things. I don't have my house on the market right now but I did have an personal home staging epiphany. One of my daughters thought it was time to remove some dated wallpaper from her room and she was correct.We did that and then...Continue Reading!
From time to time I like to give hints about homes that I know are coming on the market or that I will be listing,particularly if its going to be a "goodie".One such home will be listed (by me) in the next few weeks. Its a four bedroom colonial on a much sought after cul-de-sac close to town,shopping and schools. The house was built in the 70's has a new kitchen and updated baths and a full finished basement.Thats all I...Continue Reading!
Check out this cool time lapse video of the blizzard that "ate" Darien this past weekend. It's extremely cool. Whats this got to do with Darien homes and real estate? Well ,nothing really, but if you're coming here from warmer climes you should know that this sort of thing is happening more and more often. (but so far only in the winter.) [December 2010 Blizzard Timelapse from Michael Black on Vimeo.Continue Reading!
Back in the "salad days" when a great home came on the market, potential buyers often had to decide "on the spot" whether or not to purchase it. Since Darien is such a great community and with mortgage money flowing freely, there was A frenzy among potential homeowners.Now, even as an agent, I can't get used to it when a great house is listed and then doesn't sell quickly. One such house is 9 Raymond Heights in Darien. The house has only been listed for a couple of months and its a...Continue Reading!
Building permits are published locally in a number of newspapers as such is the law.I was perusing the Fairfield County Business Journal the other night and casually remarked to my husband that it appeared that the number of building permits were rising.For a while there ,particularly in 2008 you could drive around town and never see a new construction project or evidence that a homeowner was renovating. (more…)Continue Reading!
I've published a snapshot report of how the real estate market in Darien fared over this past year. In spite of gloomy reports from other markets around the county, Darien is bouncing back from a poor 2009. All the numbers are headed in the right direction for recovery,owing largely to the recuperation on Wall Street. For those of you who don't know,Darien, Ct is to Wall Street what Silicon Valley is to Northern California.It's the engine that drives this market. As ...Continue Reading!