Connecticut Real Estate News

RealtyQuest June 2009 sales report

2009-07-10T18:51:00.000-07:00

Twenty-five Darien CT homes closed in June 2009
Highest Price: 102 Pear Tree Point $5,100,000 Market time 435 days
Lowest Price: 147 West Avenue $190,000 Market time 91 days
Monthly Darien Stats: Average selling price: $1,371,240. Median Selling Price: $1,003.000. Average selling days on market 100. Average percentage of asking price 90%.
In June 2009, twenty-five single family homes sold, 9 more than the previous month. The number sold is about 13% more than homes sold a year ago. The dollar volume for June '09 is 95% of the dollar volume for June '08. 8 of the 25 homes sold between 1 and 2 million dollars, 12 sold for under a million, while 5 sold for over two million. The month to month average selling price of a single family Darien home for this month, is down from a year ago, as is the median price too.
For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.

Darien CT Real Estate Snapshot June 18th 2009

2009-06-18T09:51:00.000-07:00

Currently, there are 212 single family homes listed for sale in Darien CT. The average price this week is $2,201,090 and the median $1,800,000. The least expensive home on the market in Darien is priced at $499,900 and the most expensive is listed for $9,775,000. The average market time of a home currently for sale is 151 days. The average selling price for the 35 Darien single family homes sold in the past 90 days is $1,513,462 with an average market time of 118 days at 90% of the asking price.To learn more about the Darien CT real estate market and to get a full list of Darien homes for sale, please go to Darien Real Estate . While you are there, please register to receive daily updates on Darien properties for sale matching your real estate search 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 David@RealtyQuest.com or phone 203-656-4993.

RealtyQuest May Sales Report, Darien CT

2009-06-05T12:45:00.000-07:00

Sixteen Darien CT homes closed in May 2009
Highest Price: 5 Tokeneke Trail $4,100,000 Market time 100 days
Lowest Price: 27 Edgerton Street $525,000 Market time 115 days
Monthly Darien Stats: Average selling price: $1,481.000. Median Selling Price: $1,200.000. Average selling days on market 197. Average percentage of asking price 89%.
In May 2009, sixteen single family homes sold, 10 more than the prior month. The number sold is about 61% of the 26 homes sold a year ago. The dollar volume for May '09 is 51% of the dollar volume for May '08. Five of the sixteen homes sold between 1 and 2 million dollars, eight sold for under a million, while three sold for over three million. The month to month average selling price of a single family Darien home for this month, is down from a year ago, as is the median price too.
For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.

RealtyQuest Featured Home of the Week - Norwalk CT

2009-05-19T17:23:00.000-07:00

Antique Norwalk Colonial with Barn

Wow! Opportunities to buy homes like this just don't come along often enough. This fabulous 4bedroom antique home comes complete with a beautiful barn all on a lovely 1+ acre lot conveniently located in West Norwalk.

Tastefully updated to retain the charm of yesterday with all the modern conveniences of today, this truly unique property is a wonderful opportunity.

Home Features

4 bedrooms

3.5 baths

spacious living room with fireplace

newly renovated light and bright eat in kitchen

lovely breakfast and dining areas

full basement with new boiler

beautiful two tiered deck

1+ acre of landscaped usable property

Barn Features

3-4 car garage with workshop

full 2nd story with additional loft space

walk out basement with stalls for miniature horses!

For more information

Contact David Epprecht at RealtyQuest
203-656-4993 or http://www.realtyquest.com/

RealtyQuest April Sales Report for Darien, CT

2009-05-06T14:00:00.000-07:00

Six Darien CT homes closed in April 2009

Highest Price:
9 Searles Road $2,100,000
Market time 88 days

Lowest Price:
23 Fitch Avenue $750,000
Market time 65 days

Monthly Darien Stats:
Average selling price: $1,394.000
Median Selling Price $1,387.500
Average selling days on market 96
Average percentage of asking price 89%

In April 2009, six single family Darien homes sold, 1 less than the month before. The number sold is about 42% of the 14 homes sold a year ago. The dollar volume for April '09 is 36% of the dollar volume for April '08. Four of the six homes sold between 1 and 2 million dollars, once sold for under a million, while the last sold for over two million. The month to month average selling price of a single family Darien home for this month, is down from a year ago, as is the median price too.

For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.

Darien CT Real Estate Snapshot April 21st 2009

2009-04-21T12:50:00.000-07:00

Currently, there are 194 single family homes listed for sale in Darien CT. The average price this week is $2,209,736 and the median $1,695,000. The least expensive home on the market in Darien is priced at $399,000 and the most expensive is listed for $9,775,000. The average market time of a home currently for sale is 127 days. The average price for the 18 Darien single family homes sold in the past 90 days is $1,281,666 with an average market time of 107 days at 89.5% of the asking price.
To learn more about the Darien CT real estate market and to get a full list of Darien homes for sale, please go to Darien Real Estate. While you are there, please register to receive daily updates on Darien properties for sale matching your real estate search 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 David@RealtyQuest.com or phone 203-656-4993.

RealtyQuest March Sales Report for Darien, CT

2009-04-02T12:31:00.000-07:00

Seven Darien CT homes closed in March 2009

Highest Price:
250 West Avenue $1,300,000
Market time 211 days

Lowest Price:
40 Hillside Avenue $574,000
Market time 35 days

Monthly Darien Stats:
Average selling price: $801,285
Median Selling Price $800,000
Average selling days on market 95
Average percentage of asking price 92%

In March 2009, seven Darien homes sold, 1 less than the month before. The number sold is about 43% of the 16 homes sold a year before in March 2008. The dollar volume for March '09 is 21% of the dollar volume for March '08. Five of the seven homes sold in March, sold for less than a million dollars, and the other two sold for under two million. The month to month average selling price of a single family Darien home for this month, is less than March '08, as is the median price too.

For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.

Darien CT Real Estate Snapshot March 19th 2009

2009-03-19T09:06:00.000-07:00

Currently, there are 188 single family homes listed for sale in Darien CT. The average price this week is $2,095,602 and the median $1,695,000. The least expensive home on the market in Darien is priced at $299,000 and the most expensive is listed for $9,775,000. The average market time of a home currently for sale is 140 days.The average price for the 17 Darien single family homes sold in the past 90 days is $1,663,573 with an average market time of 128 days at 91% of the asking price.
To learn more about the Darien CT real estate market and to get a full list of Darien homes for sale, please go to Darien Real Estate. While you are there, please register to receive daily updates on Darien properties for sale matching your real estate search 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 David@RealtyQuest.com or phone 203-656-4993.

RealtyQuest February Sales Report for Darien, CT

2009-03-05T12:56:00.000-08:00

Eight Darien CT homes closed in February 2009

Highest Price:
11 Dew Lane $2,825,000
Market time 240 days

Lowest Price:
270 Noroton Avenue $895,000
Market time 18 days

Monthly Darien Stats:
Average selling price: $1,700,750
Median Selling Price $1,655,500
Average selling days on market 110
Average percentage of asking price 90%

In February 2009, eight Darien homes sold, 3 more than the month before. The number sold is about 72% of the 11 homes sold a year before in February 2008. The dollar volume for February '09 is 66% of the dollar volume for February '08. Two of the homes sold for less than a million dollars, and none sold for more than three million. The month to month average selling price of a single family Darien for this month, is higher than February '08, however the median selling price is lower.

For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.

Darien CT Real Estate Snapshot February 13th 2009

2009-02-13T13:50:00.000-08:00

Currently, there are 172 single family homes listed for sale in Darien CT. The average price this week is $2,024,756 and the median $1,660,000. The least expensive home on the market in Darien is priced at $299,000 and the most expensive is listed for $6,495,000. The average market time of a home currently for sale is 139 days.The average price for the 19 Darien single family homes sold in the past 90 days is $1,801,631 with an average market time of 160 days at 91% of the asking price.

To learn more about the Darien CT real estate market and to get a full list of Darien homes for sale, please go to Darien Real Estate. While you are there, please register to receive daily updates on Darien properties for sale matching your real estate search 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 David@RealtyQuest.com or phone 203-656-4993.

RealtyQuest January Sales Report for Darien, CT

2009-02-02T13:09:00.000-08:00

Five Darien CT homes closed in January 2009

Highest Price:
42 Maywood $2,450,000
Market time 263 days

Lowest Price:
1 Miles Road $725,000
Market time 54 days

Monthly Darien Stats:
Average selling price: $1,639,000
Median Selling Price $1,740,000
Average selling days on market 152
Average percentage of asking price 90%

In January 2009, five Darien homes sold, 2 more than the month before. The number sold is about 45% of the 11 homes sold a year before in January 2008 and the volume of sales in January '09 is only 37% of the volume for January '08. All five of the homes sold for more than $725,000 and one sold for 2.4 million. The month to month average and median selling price of a single family Darien home are both down from December's number.

For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.

RealtyQuest December Sales Report for Darien, CT

2009-01-06T12:02:00.000-08:00

Three Darien CT homes closed in December 2008

Highest Price:
5 Dogwood Lane $3,000,000
Market time 371 days

Lowest Price:
6 Old Parish Road $1,350,000
Market time 268 days

Monthly Darien Stats:
Average selling price: $2,303,333
Median Selling Price $2,560,000
Average selling days on market 220
Average percentage of asking price 93%

In December of 2008, three Darien homes sold, 4 less than the month before. The number sold is about 21% of the 14 homes sold a year before in December 2007 and the volume of sales in December '08 is only 32% of the volume for December '07. All three of the homes sold for more than $1 million and one sold for 3 million. The month to month average and median selling price of a single family Darien home are both up from November's number.

For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.

Darien CT Real Estate Market Snapshot January 5th 2009

2009-01-05T12:01:00.000-08:00

Currently, there are 128 single family homes listed for sale in Darien CT. The average price this week is $2,010,257 and the median $1,595,000. The least expensive home on the market in Darien is priced at $389,500 and the most expensive is listed for $6,495,000. The average market time of a home currently for sale is 153 days.The average price for the 15 Darien single family homes sold in the past 90 days is $1,425,967 with an average market time of 107 days at 90% of the asking price.

To learn more about the Darien CT real estate market and to get a full list of Darien homes for sale please go to RealtyQuest.com. While you are there, please register to receive daily updates on Darien properties for sale matching your real estate search 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 David@RealtyQuest.com

or phone 203-656-4993.

Tatiana Costello Joins RealtyQuest as Sales Associate

2008-12-17T16:00:00.000-08:00

RealtyQuest, a Connecticut real estate sales and services firm with headquarters in Darien, has announced the addition of Tatiana Costello to the sales staff as a real estate sales associate. Working out of the Darien office, Ms. Costello is providing real estate assistance for clients in Greenwich, New Canaan, Darien, Westport, Wilton, Ridgefield, Stamford and Norwalk Connecticut.

Equally comfortable with listing and selling real estate, Tatiana has helped her clients purchase and sell condominiums, single family homes, multifamily homes and vacation homes. “In today’s real estate market, I feel that there are some phenomenal opportunities, if people know where to look”, she says.

Tatiana grew up in New York City and became interested in real estate early when she attended the High School of Arts and Design. While at school, she studied architecture and interior design in addition to the regular curriculum. Before her career in real estate, Tatiana worked in IT, the garment industry and Porsche automobiles in Greenwich CT. Tatiana is a member of the National Association of Realtors, Connecticut Association of Realtors, the CT Multiple Listing Service and the Stamford Board of Realtors.

Tatiana currently lives in Stamford, CT with her family. Personal interests include enjoying the outdoors, travel, community involvement, and spending time with friends and family.

David Epprecht, RealtyQuest founder says, “The addition of Tatiana to our sales force enables us to further improve our service to lower Fairfield County. I am proud to have Tatiana on our team. Tatiana has a great sense of humor and her positive energy is a real asset to RealtyQuest clients in any market".

To contact Tatiana Costello phone RealtyQuest at 203-656-4993 or email Tatiana@RealtyQuest.com.

RealtyQuest Launches New Connecticut Rental Site

2008-12-15T13:06:00.000-08:00

RealtyQuest Launches New Connecticut Real Estate Rental Site

DARIEN, CT – December 15, 2008

RealtyQuest, a full service real estate brokerage firm with home offices in Darien, CT, announced the addition of RQ Rentals to its internet home search tool. RQ Rentals provides Connecticut rental property information to tenants and landlords renting in Fairfield County, CT.

”Rental property is a great addition to our full service approach to real estate”, stated David Epprecht, owner broker at RealtyQuest Real Estate Sales and Services. “Today rental properties are an important component to our real estate business, but the opportunity to find Connecticut rentals on line is limited. RQ Rentals fills the need for Connecticut rental information. Providing better real estate rental property information online fulfills our goal to provide the most useful information possible to our real estate clients”. The web address for the rental search tool is http://www.rentals.realtyquest.com/.

Key features of RQ Rentals include:
• Daily Email Property Updates with properties matching client criteria
• Access to the complete multiple listings database of rentals
• Advanced Property Sorting
• Detailed information including location, photos and room dimensions
• Access to RealtyQuest Agents on line to answer property questions and arrange showings

“This year a substantial percentage of rental clients have come to RealtyQuest through our website,” stated Epprecht. “With more people opting to rent, providing a quick way to find CT rentals is part of our continuing effort to provide better customer service to RealtyQuest clients”, he said. RQ Rentals gives consumers access to all multiple listing rentals within Fairfield County, including rental apartments, condos and single family homes.

To learn more about RQ Search or RQ Rentals, go to http://www.realtyquest.com/ or phone RealtyQuest at 203-656-4993.

RealtyQuest is a full service real estate brokerage firm with home offices in Darien and Milford, CT and a team of professional real estate agents covering all of Fairfield and New Haven counties.

Email: David@RealtyQuest.com
Phone: Toll free in North America: 1-800-656-4993
International: 1-203-656-4993 Fax: 1-203-656-1952

Darien CT Real Estate Market Snapshot December 11th 2008

2008-12-11T09:52:00.000-08:00

Currently, there are 154 single family homes listed for sale in Darien CT. The average price this week is $1,893,560 and the median $1,495,000. The least expensive home on the market in Darien is priced at $349,000 and the most expensive is listed for $6,495,000. The average market time of a home currently for sale is 129 days.

The average price for the 21 Darien single family homes sold in the past 90 days is $1,291,762 with an average market time of 97 days at 92% of the asking price.

To learn more about the Darien CT real estate market and to get a full list of Darien homes for sale please go to RealtyQuest.com. While you are there, please register to receive daily updates on Darien properties for sale matching your real estate search 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 David@RealtyQuest.com.

RealtyQuest November Sales Report for Darien CT

2008-12-09T15:31:00.000-08:00

Seven Darien CT homes closed in November 2008

Highest Price:
366 Hollow Tree Ridge Road $1,925,000
Market time 145 days

Lowest Price:
365 West Avenue $447,700
Market time 73 days

Monthly Darien Stats:
Average selling price: $1,323,600
Median Selling Price $1,475,000
Average selling days on market 96
Average percentage of asking price 88%

In November of 2008, seven Darien homes sold, 6 less than the month before. The number sold is about 37% of the 19 homes sold a year before in October 2007 and the volume of sales in October '08 is only 27% of the volume for October '07. Two of the homes sold for less than $1 million and none sold for more than 2 million. The month to month average and median selling price of a single family Darien home are both up from October's number.

For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.

RealtyQuest Featured Home of the Week - Stratford CT

2008-12-07T17:05:00.000-08:00

Just listed Stratford CT home for sale

This four bedroom 2.5 bath Stratford home on .42 acres of landscaped property is in a prime neighborhood location south of the Merritt Parkway. A spacious split level home built in 1958 and fully renovated in 2002, the interior is gracious and accommodating to many lifestyles. Total square footage, including a new sunroom, comes to just under 2,200 square feet plus a two car garage with additional storage. Outside, a new deck extends from the sunroom and steps down to a level back yard with plenty of space for play, gardens or a swimming pool.

A bright and open floor plan includes a living room with a fireplace that opens into a 11'6" x 22' dining area and the kitchen. Gleaming hardwood floors throughout the house except the carpeted family room and sunroom add elegance and warmth to the home. Upstairs, the master bedroom has its own bath. Three other bedrooms share a full bath. A cozy playroom upstairs is an added bonus. The finished basement has an office wired for networking, a workroom, and a laundry room.

Property Features
2200 square feet
Open floorplan
Living room with fireplace
Huge eat in kitchen
4 bedrooms
2 full baths
1 half bath
2 car garage with extra storage
New Sunroom
Hardwood floors
Convenient Stratford location
Lovely Landscaped .42 Acre Lot

For More Information:
Contact David Epprecht at RealtyQuest 203-656-4993 or go to RealtyQuest.com for a detailed real estate listing and additional photos.

RealtyQuest October Sales Report for Darien CT

2008-11-03T09:00:00.000-08:00

Thirteen Darien CT homes closed in October 2008

Highest Price:
11 Hope Drive $3,333,5000 Market time 140 days

Lowest Price:
18 William Street $430,000 Market time 273 days

Monthly Darien Stats:
Average selling price: $1,170,245
Median Selling Price $910,000
Average selling days on market 130
Average percentage of asking price 92%

In October of 2008, thirteen Darien homes sold, 2 more than the month before. The number sold is just a bit better than the 12 homes sold in October 2007. Dollar volume is down to about 46% of the volume recorded for the October '07. Seven of the homes sold for less than $1 million and one sold for more than 2 million. The month to month average selling price of a single family Darien home declined to 83% of the average for September and the median declined to 81%.

For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.

RealtyQuest September Sales Report for Darien CT

2008-10-31T07:09:00.000-07:00

Nine Darien CT homes closed in September 2008

Highest Price:
25 Driftway Lane
$2,975,000
Market time 63 days

Lowest Price:
10 Warner Drive
$526,875
Market time 19 days

Monthly Darien Stats:
Average selling price: $1,415,208
Median Selling Price $1,124,000
Average selling days on market 80
Average percentage of asking price 93%

In September 2008, nine Darien homes sold in vs 22 the month before. The number sold is down to 47% of the nineteen homes sold in September 2007. Three of the homes sold for less than $1 million and three sold for more than 2 million. The month to month average selling price of a single family Darien home is down slightly and the median is slightly higher. Dollar sales volume for September '08 is about 29% of the volume recorded for September of 2007.

For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.

RealtyQuest Featured Home of the Week - Darien CT Rental

2008-10-17T11:59:00.000-07:00

Darien Nantucket Colonial for Rent

Enjoy the expansive living areas and sun filled open lifestyle this 5,000 square foot 5 bedroom, 3.5 bath colonial has to offer.

Built in 2002, you will find distinctive detail and quality construction throughout this beautiful home. Interior features include five fireplaces, hardwood floors and a state of the art kitchen. A luxurious deck runs the entire length of the home and is perfect for al fresco dining, cocktails or family gatherings. The generous Master Suite features vaulted ceilings, a fireplace and a private balcony overlooking the Five Mile River.

Ideally located close to Darien shopping, trains and schools on 1.2 acres of beautiful property, this convenient colonial home is easy to like. If you are looking for the most spacious and well designed home for rent in Darien, you needn't look any further - this is it!

Available November 1st for $6,500 per month.

Property Features:

5 Spacious Bedrooms

3 Full Baths

1 Half Bath

2 car oversized garage

5000 Sq Ft of living space

Built 2002

5 beautiful fireplaces

Hardwood floors

Vaulted ceilings

Tokeneke School district

Loads of storage

1.2 acres of lovely waterfront property on Five Mile River

Master suite with fireplace and private balcony

Eat in Kitchen with fireplace

Living room with vaulted ceilings

Formal dining room

Convenient Darien location

Less than a 1 hour commute to New York City

Lawn care and snow removal included!

For More Information:
Contact David Epprecht at RealtyQuest 203-656-4993 or go to RealtyQuest.com for a detailed real estate listing and additional photos.

The new real estate market in Darien, CT

2008-10-01T13:46:00.000-07:00

Wow, what a crazy last few months this has been for Darien real estate. Uncertainty about the value of any house has increased. Nearly everyone has taken a hit on the value of their home in the past few months. Realtors all hope we hit the bottom of the real estate market soon so we can start selling homes again.

Our buyers want to buy, but they lack the confidence to go forward. No home buyer wants to buy a house today for more than it will be worth next month or next year. Sellers want to sell, but many of them still don't seem to understand how much their home is really worth. Take a tour of the inventory and you will see that at least half the houses on the market are priced 10% too high.

So, with demand down and prices out of whack, selling one's home today is a challenge. The key to successfully selling your home in this market is pricing. Unfortunately, getting in front of a downward real estate curve is never fun when you are selling your home. To truly get a buyers attention in today's market, home sellers need to put their home on for less than it is worth. For example, if you have a home that seems to be worth 1.2 million dollars, it is possible that to sell it you will need to set a marketing price of 1.1 million to get a motivated buyers attention.

Despite all the financial doom and gloom, all the good financial reasons for buying real estate still exist. Interest on mortgage loans is deductible, property tax is deductible. With a traditional real estate mortgage that is paid over time homeowners end up owning a valuable asset instead of just paying rent. And of course, long term, real estate is still a great investment. Although home sellers today may have to sell their home for less than they would like, the house they will buy will also cost less. With proper research one can find some great real estate bargains at all price levels. And it is important to remember that historically real estate has always gone up. Think long term and real estate doesn't seem bad!

Darien Connecticut made the news and was referenced on Yahoo! as the town most likely to be hit hardest by the nation's financial crisis, (http://finance.yahoo.com/real-estate/article/105861/Towns-That-Could-Be-Hit-Hardest-by-the-Financial-Crisis). Whether or not we are the hardest hit, it is a fact that prices of homes in Darien are down. Volume of homes is sold is down. Inventory of available homes is high.

I am encouraged though by the increasing number of sellers who understand that asking too much for their home is just a waste of time. The gap between initial asking price and final selling price of homes needs to shrink for our real estate market to work properly. In my opinion, realtors need to show more discipline when working with unrealistic sellers. What is the point of listing a home that will never sell? There are times when a realtor just needs to say to the prospective seller, "No, I can't help you sell your home at that price".

The market for real estate in our area still has a way to go before we find the bottom, but I feel we are almost there. As sellers continue to become more realistic our real estate market will become more balanced, houses will begin to move again and home buyer confidence will improve. I can't wait!

RealtyQuest August Sales Report for Darien Connecticut

2008-09-01T08:32:00.000-07:00

Twenty-Two Darien CT homes closed in August 2008

Highest Price:
436 Mansfield Road
$2,950,000
Market time 151 days

Lowest Price:
18 Raymond Heights
$365,000
Market time 148 days

Monthly Darien Stats:
Average selling price: $1,403,240
Median Selling Price $1,110,000
Average selling days on market 122
Average percentage of asking price 94%

In August 2008, twenty two Darien homes sold vs 27 the month before. The number sold is down to 47% of the nineteen homes sold in August 2007. Seven of the homes 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 up $155k and the median is up $45k higher. Dollar sales volume for August '08 is about 41% of the volume recorded for August of 2007.

For a complete list of Darien CT homes for sale, please call RealtyQuest at 203-656-4993 or visit http://www.realtyquest.com/.

RealtyQuest Featured Home of the Week - Darien CT

2008-08-13T07:16:00.000-07:00

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.

RealtyQuest Monthly Sales Report for Darien CT Real Estate June 2008

2008-08-12T07:32:00.000-07:00

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/.