Connecticut Real Estate News
Friday, February 29, 2008
Monthly Report for Darien CT Real Estate February, 2008
Darien had 11 Closed Single Family Properties closed this month.
Highest price:
$6,350,000.
Market Time 437 days
Lowest price:
$555,000
Market Time 31 days
Monthly Stats:
Average selling price $1,854,432
Median selling price $1,350,000
Average days on market 176
Average percentage of listing price 93%
The Darien CT real estate market is certainly slower than it was last year at this time. In February last year we recorded 14 closed transactions in town versus the 11 in February 2008. Average market time of last year’s February closings was 138 days which compares to 176 days for this year’s. However, the market is beginning to move forward as buyers have started to feel out clearing prices. Sellers are still struggling to price their homes accurately. Some homes have remained overpriced while those that are priced realistically are selling in a reasonable amount of time.
Smart buyers looking for a Darien home can find some great real estate opportunities today. Sellers who really need to sell are pricing their homes at or below market value. Darien is known for its stable prices supported by its great location, amenities and quality school system.
For a complete list of Darien CT homes for sale or more information about Darien, Connecticut please go to http://www.RealtyQuest.com or phone RealtyQuest at 203-656-4993.
Highest price:
$6,350,000.
Market Time 437 days
Lowest price:
$555,000
Market Time 31 days
Monthly Stats:
Average selling price $1,854,432
Median selling price $1,350,000
Average days on market 176
Average percentage of listing price 93%
The Darien CT real estate market is certainly slower than it was last year at this time. In February last year we recorded 14 closed transactions in town versus the 11 in February 2008. Average market time of last year’s February closings was 138 days which compares to 176 days for this year’s. However, the market is beginning to move forward as buyers have started to feel out clearing prices. Sellers are still struggling to price their homes accurately. Some homes have remained overpriced while those that are priced realistically are selling in a reasonable amount of time.
Smart buyers looking for a Darien home can find some great real estate opportunities today. Sellers who really need to sell are pricing their homes at or below market value. Darien is known for its stable prices supported by its great location, amenities and quality school system.
For a complete list of Darien CT homes for sale or more information about Darien, Connecticut please go to http://www.RealtyQuest.com or phone RealtyQuest at 203-656-4993.
posted by David Epprecht at 7:01 PM
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