Darien Market Report: January 2013

Darien real estate market had a very strong 2012. The 280 sold houses is the highest year-end total we’ve seen since 2007, with momentum growing through the year. The first half of 2012 saw a 14% increase in sales vs. 2011, the second half a 36% increase. While all price points under $2.5 million had more sales this year than last, the 750k to $1 million range had the largest rise in activity with 53 solds in 2012 vs. 27 in 2011, a 96.3% jump. The most active price point overall was, as in 2011, between $1M-$1.5M where we had 81 sold properties (vs. 65 in 2011). Like many surrounding towns, Darien saw both an increase in total sales and a drop in the median sale price for the year, the overall median price of $1,232,500 down 12% vs. 2011. However, in the fourth quarter Darien house sales had the highest median price of the year and a slight increase vs. the fourth quarter of 2011. A further sign of positive energy were two properties that sold for over $10 million, (vs. 0 in that price point in 2011) during the summer months, including 12 Shennamere Road at $20,500,000, the highest priced sale of the year.

Active: In the beginning of January 2013 there were 89 houses on the market in Darien (vs. 109 at the start of Jan. 2012) ranging in price from $365,000 to $26,000,000 with a median listing price of $2,295,000.

Download Darien Market Report: January 2013

© 2017 Nicole Steel is a real estate agent with Steel RE Partners and licensed in the state of Connecticut · Last modified: 25 March 2013 · Log in · Site Map · IDX · Real Estate Web: darrylo