Darien Market Report: April 2013

Darien house sales in the first quarter were very strong and similar in sales totals and median price to 2012 (see chart). Pendings in March also revealed high energy. Perhaps the most significant change in the Darien market this year vs. last is the decrease in inventory. There were 123 houses on the market in Darien in the beginning of April vs. 182 at the same time in 2012, a 32 percent decrease. There were just 25 new house listings that came on market in March vs. 55 in March of 2012, a 55 percent decrease. The lower inventory was particularly noticeable in the under $1 million price range, where we had 19 houses for sale at the beginning of April vs. 48 at the beginning of April, 2012. The result is a more competitive market for buyers. Pendings: There were 43 houses under contract at the beginning of April (27 that went pending in March) ranging in price from $459,000 to $7,195,000 with a median list price of $1,495,000. Inventory: The 123 houses on the market in early April ranged in price from $599,000 to $15,900,000 with a median list price of $1,999,999.


© 2017 Nicole Steel is a real estate agent with Steel RE Partners and licensed in the state of Connecticut · Last modified: 14 April 2013 · Log in · Site Map · IDX · Real Estate Web: darrylo