A recent article in the Wall Street Journal reports that the cost of getting a mortgage is about to get a lot more expensive. If you're thinking about buying a home here in Darien or just about anywhere ,consider the following: Fannie Mae and Freddie Mac are adding new fees to borrowers with even the best credit ratings.Previously,there had been no fees assessed on those with credit ratings of 720 or higher who put down less than a 25% deposit.Now there will...Continue Reading!
Here we go....as promised... the Darien real estate market will begin to heat up as the weather warms.Tuesdays and Thursdays are"Broker Open House" days and tomorrow will be busy one.There are 14 homes on the tour in Darien and Rowayton alone.Some of the homes for sale are inventory leftovers from the winter but many are new and range in price from $700K to $6million.Ladies and gentlemen.....start your engines.Continue Reading!
The 44th Annual Darien Antiques Show open here in town with a preview party on Friday,March 4. The show itself runs through the weekend to Sunday March 6. The show is run by the First Congregational Church of Darien and the proceeds support local charities including emergency shelters,and food banks.The weekend of events will kick off with a preview party ,"An Evening Out" on Friday March 4 from 7-9PM. The preview party will specifically benefit St.Lukes LifeWorks, a non profit organization...Continue Reading!
I was chatting with a colleague last night and we were discussing the current state of the real estate market in Darien,CT 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...Continue Reading!
Only five property transfers were recorded so far this month.Most notable is 58 Mansfield Ave, which when originally listed three years ago was listed for over $3.5 million. You can see where it has ended. RIP. Midbrook Lane was a wonderful colonial with great bones and great potential.Morehouse Lane was one of the last great building lots in town. Congratulations to the lucky buyer. Continue Reading!
Why is the Darien real estate market like the weather? Well think about it. This has been one of the worst winters in recent history for most of the country and particularly in the Northeast. The snow has piled up, literally holding us hostage in our homes as we wait for the next storm. The real estate maket has behaved similarly. We've been hit by one punch after another for the past couple of years. While some volume has returned to...Continue Reading!
I have written in the past about the excellence of the Darien, Ct school system. The town of Darien boasts one of the highest average SAT scores and percentages of grads going to 4 year colleges. in the state.Those numbers are the result of an annual rite known as "school budget season". For as long as I've lived here the issues have been the same. Half day kindergarten or whole day. (right now its whole day). Then there is enrollment projections and facilities.(we've...Continue Reading!
If you're a downsizer in Darien,don't get all excited.I don't have a reasonable answer to the question.Lots of my contemporaries, with kids out of the nest,wish to move to smaller digs yet,stay in the town of Darien. However,Darien has a real lack of alternatives for those wishing to rid themselves of lawn maintenance and snow plowing. There are of course condominiums in Darien such as Middlsex Common,Villager Pond,Sedgewick Village and Darien Close.Few if any of these offer one floor living or...Continue Reading!
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!