Connecticut Real Estate News
Friday, May 9, 2008
RealtyQuest Monthly Sales Report for Darien CT Real Estate April 2008
12 Darien homes closed in April of 2008.
Highest Price:
11 Peabody Lane
$3,250,000
Market Time 142 days*
Lowest Price:
157 West Avenue
$1,170,000
Market Time 272 days*
Monthly Stats:
Average selling price:$1,820,583
Median selling price: $1,555,000
Average selling days on market: 125
Average percentage of asking price 96%
Darien real estate activity picked up marginally from the eleven homes sold in March with 12 sold homes, just 1/2 the 24 homes sold in April of 2007. Inventory of available homes for sale continued to increase, giving buyers plenty of homes to choose from at every price point. Market time was 125 days versus 118 days for April of last year. Average selling price is up to $1,820,583 from last April's average of $1,383,938. Don't get carried away with excitement though - Darien's April total sales volume is down to 66% of last year's.
Average market time is becoming more difficult to measure accurately* because many houses on the market these days tend to be listed multiple times before they actually sell. For example, in March one home sold at 82% of it's listed price in 142 days. This house had been on the market multiple times since February of 2004 without selling and sold for 1/2 the price it was listed for originally. That transaction is an extreme example of the trend.
Regardless of all the bad news for sellers, smart buyers who work with informed real estate agents are finding deals in this market. Homes that are priced properly are selling in a reasonable amount of time. Darien is a great place to live for many reasons including long term investment. For additional information on all the benefits of living in Darien, CT and a complete list of available Darien homes for sale visit our website http://www.realtyquest.com/ or call RealtyQuest any time at 800-656-4993.
Highest Price:
11 Peabody Lane
$3,250,000
Market Time 142 days*
Lowest Price:
157 West Avenue
$1,170,000
Market Time 272 days*
Monthly Stats:
Average selling price:$1,820,583
Median selling price: $1,555,000
Average selling days on market: 125
Average percentage of asking price 96%
Darien real estate activity picked up marginally from the eleven homes sold in March with 12 sold homes, just 1/2 the 24 homes sold in April of 2007. Inventory of available homes for sale continued to increase, giving buyers plenty of homes to choose from at every price point. Market time was 125 days versus 118 days for April of last year. Average selling price is up to $1,820,583 from last April's average of $1,383,938. Don't get carried away with excitement though - Darien's April total sales volume is down to 66% of last year's.
Average market time is becoming more difficult to measure accurately* because many houses on the market these days tend to be listed multiple times before they actually sell. For example, in March one home sold at 82% of it's listed price in 142 days. This house had been on the market multiple times since February of 2004 without selling and sold for 1/2 the price it was listed for originally. That transaction is an extreme example of the trend.
Regardless of all the bad news for sellers, smart buyers who work with informed real estate agents are finding deals in this market. Homes that are priced properly are selling in a reasonable amount of time. Darien is a great place to live for many reasons including long term investment. For additional information on all the benefits of living in Darien, CT and a complete list of available Darien homes for sale visit our website http://www.realtyquest.com/ or call RealtyQuest any time at 800-656-4993.
posted by David Epprecht at 6:54 AM
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