Connecticut Real Estate News

Wednesday, May 28, 2008

RealtyQuest Featured Home of the Week - Darien CT

Darien Connecticut Dream Home

Enjoy the quiet serenity and the security of this private, secluded waterfront neighborhood home. Located on a peaceful cul-de-sac in Noroton Bay, this enchanting 5,000 square foot home is situated on 1 acre of meticulously landscaped grounds.

Enter this lovely 4 bedroom colonial and take pleasure in the expansive living areas and sun filled open lifestyle with dazzling water views. Distinctive detail and quality construction are found throughout. Enjoy a gorgeous sunrise overlooking your own saltwater pond. This sought after waterfront community has something to offer everyone.

Only steps away from the private beach, pier, and refreshing snack bar, this Darien CT property is a water enthusiast’s dream home come true. Noroton Bay’s gentle breezes remind you that Long Island Sound is nearby. The essence of waterfront living is captured for you in this special offering.

Features:
· 4 Bedrooms
· Master Suite with large Master Bath
· Four Full Baths
· One ½ Bath
· 4,888 Sq Ft of living space
· Central Air
· Beautiful Hardwood Floors
· Updated Gourmet Eat In Kitchen
· Spacious and Sunny Living Room with Fireplace
· Elegant Dining Room perfect for entertaining or family gatherings
· Large Family Room off dining room perfect for relaxation.
· Expansive acre property on cul-de-sac
· Loads of storage and closet space
· Access to pier and mooring
· Screened in porch overlooking salt water pond
· Private Noroton Bay Association
· Walk to private beach, play area and snack bar

For more information:
Contact Morgan Fine at 203-656-4993 or visit http://www.realtyquest.com/.
posted by David Epprecht at 1:19 PM

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.
posted by David Epprecht at 6:54 AM