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!
I've never heard of this in my life but I must admit it is a brilliant idea...outdoor excercise equipment.Sure we've all been to yoga or boot camp on a beach but this brings it to a whole new level. Another great reason to consider buying a home in Darien,CT..http://darien.patch.com/announcements/darien-ymca-presents-newly-installed-outdoor-exercise-equipment-at-weed-beachContinue Reading!
The article from Darien Patch speaks for itself.http://darien.patch.com/articles/darien-high-school-ranked-seventh-best-in-the-stateContinue Reading!
Lots of chatter in the Darien, Ct real estate market this week about a spectacular,waterfront property which came on the market. The address is 27 Contentment Island,which is located in the prestigious, Tokeneke area of town. The property is unique even by Darien standards due to its total privacy,unparalleled water access, and amenities.There are over five acres of grounds most with stunning water views. The main house itself is warm and livable.The spaces are lovely but one never gets the feeling...Continue Reading!