I could regale you with stats again this month but basically the market here is down about 10% in sales from last year.More importantly though is the way the market feels to me right now....frankly kind of schizophrenic. Normally, (and who knows what that is anymore) we would be winding down theDarein real estate spring season and coasting into summer with sales coming from those families wishing to be in a new home in time for the 2011/12 school year. Instead, last week...Continue Reading!
So I don't really feel like doing the whole statistical thing this week. For the most part things remain the same as they have been since the start of the Darien real estate season.If you haven't been reading this blog regularly, the spring market started late, houses are selling largely in the lower price points for Darien which is $700-$1,5million and only those who are priced according to the market are moving...some in as little as a weekend.It's no feeding...Continue Reading!
This blog is largely focused on Darien and homes therein but no discussion is complete without at least mentioning Rowayton,CT. Rowayton is kind of a sister town to Darien.Although part of the city of Norwalk,Darien and Rowayton share a border in various spots including, of course the shoreline.Anyway, every year Rowayton produces a wonderful Shakespearean play al fresco in its very own Pickney Park right on Five Mile River. They are very professional productions yet the atmoshphere is VERY family oriented and picnic...Continue Reading!
It is not an easy thing to choose a new community in which to live.Many families move here to Darien,Ct from the New York City or other areas with only the recommendation of a friend or family member. So, whats the best way to find out what a community is really like? How do you know if Darien is your kind of town?For starters take a look at local blogs,websites and Darien Patch. But better yet,get your hands on a copy of a good, old fashioned, local newspaper...Continue Reading!
As all you bloggers know I was predicting an uptick in sales activity and volume in April and in fact the market delivered. Dollar volume was up 28% to almost $40 million up from $25 million in 2010. That's a whopping 28%.Average sale price was way up to $2.327 million over $1.391 million in the previous April.Looked like we were on a roll. The year to date stats however tell a different tale. Darien real estate is actually down in units...Continue Reading!
No, I'm not talking about the weather,heaven knows.Im talkin' real estate, as always. The next two to three weeks will be the peak of the spring real estate market in Darien,Ct.From then on, new listings will become scarcer and those left remaining on the market will be overpriced or unloved for one reason or another. I also mentioned in a previous post that the State of CT conveyance tax will increase as of July 1 further incenting sellers to get their home sales "buttoned...Continue Reading!
There are five elementary schools in Darien, Tokeneke,Royle,Ox Ridge,Hindley and Holmes.Those schools all feed into the Middlesex Middle School and ultimately to Darien High School.Almost everyone I know who has looked for a home,knows someone already here in town.Invariably, they tell me they want to buy in oneschool district or another because they were told it was the best one. Mind you I've heard this about every one of the five elementary schools. . Come to Darien but don't worry about the schools districts....Continue Reading!
Just when we thought it was safe to dip our toes back in the real estate market in Darien and Fairfield County the government goes and steps in. It's no secret that Connecticut like so many other states are facing huge budget deficits.So in its infinite wisdom the legislature has raised the cost of selling a home. Connecticut has long had what is termed a "conveyance tax". Basically that means when a homeowner sells property, there is a sales tax levied.The new...Continue Reading!
The beat goes on in Darien,CT and Fairfield County real estate.The market is robust and the market numbers for the month of April when they are tallied will bear me out.At the risk of sounding like a broken record, the spring market has arrived and as regards sheer volume of homes being sold,is doing quite nicely.The only issue whether you are a buyer or a seller, is one of pricing. The homes that are selling are the ones where there is perceived value and...Continue Reading!