Connecticut Real Estate News
Wednesday, August 13, 2008
RealtyQuest Featured Home of the Week - Darien CT
Convenient Darien CT Ranch
Cute and easy one floor living can be yours with this solidly built ranch style home. Situated on the corner of a low-traffic, horseshoe shaped street, this property is conveniently located close to town and trains on a flat usable 1/3 acre.
The yard is fenced and the separate 1 car garage provides excellent parking and storage. The full basement has outside access and high ceilings, offering an excellent opportunity for finishing the space. Potential for expansion up and/or out allows this home to grow or not, depending on your needs.
The easy flowing interior of this Darien home features hardwood floors, a good sized living room with fireplace, an eat in kitchen, 2 spacious bedrooms and 1 bath. There is loads of closet and storage space throughout the house and having the laundry on the main living level makes every day life more convenient.
Features
Living room with fireplace
Eat in kitchen
Two spacious bedrooms
1 Bath
Hardwood floors
Full basement with outside access
First floor laundry
Attic storage
Detached 1 car garage
1/3 acre flat usable property
Fenced yard
Opportunity for expansion
Convenient to town, schools and train
For More Information:
Contact David Epprecht at RealtyQuest 203-656-4993 or go to http://www.realtyquest.com/ for a detailed real estate listing and additional photos.
posted by David Epprecht at 7:16 AM
Tuesday, August 12, 2008
RealtyQuest Monthly Sales Report for Darien CT Real Estate June 2008
22 Darien, CT homes closed in June 2008
Highest Price:
135 Five Mile River Road
$4,250,000
Market time 76 days*
Lowest Price:
16 Chestnut Street
$520,000
Market time 123 days*
Monthly Darien Stats:
Average selling price: $1,629,864
Median Selling Price $1,422,500
Average selling days on market 106
Average percentage of asking price 95%
In June 22 Darien homes sold in Darien, down 60% from June of last year and four less than May 07's 26. Seven of the 22 sold for less than $1 million and six sold for more than 2 million. The month to month average selling price of a single family Darien home is down by $154,174 and the median is slightly higher. Dollar sales volume for June is about 1/3 of the volume recorded for June 2007.
One stat that is hard to get right these days is "days on market or "market time". Providing an accurate number of days on market is difficult because market time is skewed by sellers who let their listing contracts expire and then re list. For example, one of the homes listed above, 135 Five Mile River, was on the market most recently for 76 days before selling, which seems like a very reasonable amount of time given today's real estate market. However, this home was also listed for over a year before the listing expired and the owners re listed with another company.
As Darien buyers and sellers continue to assess the evolving marketplace, prices are often reduced significantly before buyers are willing to make an offer. Using 135 Five Mile River as an example again, this property sold after reducing the price 500k and then sold at 89% of the new asking price, more than 1 million dollars less than the original price! Determining a home's marketing price is difficult for many sellers and brokers today because the market has changed so quickly. It is certainly a buyer's market!
For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.
Highest Price:
135 Five Mile River Road
$4,250,000
Market time 76 days*
Lowest Price:
16 Chestnut Street
$520,000
Market time 123 days*
Monthly Darien Stats:
Average selling price: $1,629,864
Median Selling Price $1,422,500
Average selling days on market 106
Average percentage of asking price 95%
In June 22 Darien homes sold in Darien, down 60% from June of last year and four less than May 07's 26. Seven of the 22 sold for less than $1 million and six sold for more than 2 million. The month to month average selling price of a single family Darien home is down by $154,174 and the median is slightly higher. Dollar sales volume for June is about 1/3 of the volume recorded for June 2007.
One stat that is hard to get right these days is "days on market or "market time". Providing an accurate number of days on market is difficult because market time is skewed by sellers who let their listing contracts expire and then re list. For example, one of the homes listed above, 135 Five Mile River, was on the market most recently for 76 days before selling, which seems like a very reasonable amount of time given today's real estate market. However, this home was also listed for over a year before the listing expired and the owners re listed with another company.
As Darien buyers and sellers continue to assess the evolving marketplace, prices are often reduced significantly before buyers are willing to make an offer. Using 135 Five Mile River as an example again, this property sold after reducing the price 500k and then sold at 89% of the new asking price, more than 1 million dollars less than the original price! Determining a home's marketing price is difficult for many sellers and brokers today because the market has changed so quickly. It is certainly a buyer's market!
For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.
posted by David Epprecht at 7:32 AM
