Connecticut Real Estate News

Saturday, March 8, 2008

Darien CT Real Estate Market Snapshot 3/8/2008

Darien CT Real Estate Market Snapshot 3/8/2008

Darien has 164 homes on the market today. The number of Darien homes for sale is up 12 from my last report 10 days ago. Average asking price is $1,964,910 and median price is $1,595,000, down slightly from last week. 18 new single family listings that have come on the market since February 27th. Eight of the 18 homes were listed between one million and two million dollars and 6 of the 18 were listed for over two million dollars.

In addition to the 164 available Darien homes, an additional 13 homes have an accepted offer and 15 more have gone to contract. The average asking price for these 28 homes is $2,043,854 and the median price is $1,707,450.

5 Darien homes have sold in the past 10 days at an average price of $1,533,000. These homes sold in an average of 168 days for an average of 93% of their most recent asking price.

The average price for the 38 Darien single family homes sold in the past 90 days is $1,836,000 with an average market time of 146 days at 94% of the asking price. Four of these homes sold for over 5 million dollars. 27 homes sold for more than 1 million dollars and 11 of those 27 sold for over 2 million. The median sales price for homes sold in the past 90 days is $1,342,500.

A year ago for the same 90 day period, 55 homes sold in Darien in an average of 118 days at 94% of last asking price. The current rate of single family home sales is therefore running 31% below last year. Average selling time is up 23%.

For more information about the Darien Connecticut real estate market or to get a full list of Darien CT homes for sale, please go to our website, http://www.realtyquest.com/. While you are there, please sign up to receive daily Darien email property updates for properties matching your criteria. You can also access our complete database of Connecticut properties currently available for sale.

Do you have a specific question on a property or would you like to know the value of your home? Please write to RealtyQuestions@RealtyQuest.com
posted by David Epprecht at 8:35 AM

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