For years residents of Darien,CThave bemoaned the lack of single family housing that allowed them to take advantage of Darien and all it has to offer without the bother of home upkeep and expenses. Also lacking has been a place for long-time residents and empty-nesters to scale back on their homes while staying in Darien. Weep no more, Darienites. Kensett is coming. Kensett represents an entirely new way to live in Darien. Set on 15 acres, the development will be home to over 60 homes in a...Continue Reading!
For those of you coming out of the city and wondering what will you do without NYC restaurants, fear no more. The website www.CTBites comes to your rescue. If you think your move to the 'burbs means you'll be giving up trendy and delicious foods you couldn't be more wrong. This website gives a great overview of all the gastronomic wonders of Fairfield County. New restaurants, farmers markets, openings (and closings), festivals,food events, wine info and all things food and drink in CT! Highly...Continue Reading!
Its mid summer and the listings are down to a trickle.Just one or two a day. There are few accepted offers to speak of but an interesting phenomenon has occurred. When a new listing does come on the market,and it is a good value, there are multiple offers. Ive been involved in three of these so far and its very interesting.The only conclusion I can draw is that there is still demand to move into town and a lack of inventory...Continue Reading!
The summer has set in and new listings are few. This is no surprise since most of the town has gone AWOL until after Labor Day. If you are looking for a home, unless it is in the upper price ranges of $2.5million or above, the choices are slim. Anything new that comes on the market- if it's a value, sells immediately.Rentals are basically all gone again except in the upper price reaches. However, I will be listing a rental on a...Continue Reading!
Much of what I write about is based on statistics on real estate sales and rentals here in Darien. My experience in the past couple of weeks however, points to an interesting phenomenon that often takes place during this time of the year. In the past two weeks, I've been part of multiple bid situations on two separate homes. At this time of year,inventory, although healthy consists of lots of homes that for one reason or the other have not sold...Continue Reading!
Here are the numbers for the six months ending June 2012 in Darien real estate. They are better than I anticipated in spite of the summer doldrums in home sales. New listings are down to a trickle and rentals continue to go quickly. If we have a robust fall, this could turn out to be a good year after all. Continue Reading!
While watching CNN today the American economy was characterized as being "Zombie" like. I didn't have to stick around to hear the explanation of that term . Being in Fairfield County real estate,I instinctively knew. In my last post, I suggested that the summer doldrums has come early to Darien real estate. I think now that this is not a seasonal blip but the Zombie economy. We indeed put one foot in front of the other but there is no life behind...Continue Reading!
Here is this weeks Darien real estate market report. It reflects, as I have mentioned in previous posts that the market has slowed to a crawl. Every day there are several closings that are reflective of the springs relatively active market. Now however, the number of new listings has dried up and the parade of price reductions has commenced. If you're still in the market,act now while there is still inventory and be settled in time for the September school year....Continue Reading!
This is strictly anecdotal but I sense the real estate market here in Darien and locally to be slowing down. New listings in the past week have slowed as have the number of accepted offers. If you're in the market,the summer doldrums may be coming early this year and there may be deals to be had. Again,this is my sense of things as a Realtor "on the ground" and only time will tell. Stay tuned.Continue Reading!
Just a boots on the ground observation. If you are looking to be settled in Darien for the upcoming school year and are not quite ready to buy,begin your rental search NOW. For wahtever reason the purchasing market has slowed and rentals are flying, especially in the $4-6,000/month range. They last only a day or so on the market and people are taking them, sight unseen.I don't know what this portends for the future.Just a word to the wise. Call me...Continue Reading!