Connecticut Real Estate News

26 Darien CT homes closed in May of 2008

Highest Price:
131 Long Neck Road
$4,700,000
Market time 246 days

Lowest Price:
101 Hoyt Street
$480,000
Market time 91 Days

Monthly Darien Stats:
Average selling price: $1,784,038
Median selling price: $1,362,500
Average selling days on market: 115
Average percentage of asking price: 94%

Real estate sales picked up nicely in Darien in May. Twenty-six homes sold, up from the 12 Darien homes sold in April, but still only 62% of the 42 Darien homes sold in May '07. Eight of the 26 sold over two million dollars and eight sold for under 1 million. Average and median price fell slightly from April. The total volume of homes sold in May came to $46,385,000 compared to $67.466.000 for May '07.

As the spring market continues on into the summer, Darien will continue to offer some excellent buying opportunities. Smart buyers are looking to purchase property now, before the market starts to take off again. Sellers who price right are moving their properties in a reasonable amount of time.

For a complete list of available Darien properties for sale, visit http://www.RealtyQuest.com/ or call us at 203-656-4993.