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Darien 2013 Real Estate Summary

Average Sale Price
Average Sale Price
2013 marked our third straight year of gains in both median sales price and total homes sales in Darien, a clear indication that we are in the midst of a solid real estate market. In addition, we have seen a higher closed sale price than we did in the height of the market of 2007, a welcome trend for sellers that may have been waiting for market to rebound. We were fortunate to have the assistance of lower mortgage rates in 2013 to entice buyers to purchase, the question will be what 2014 hold for us on a mortgage front, ideally much of the same to maintain the current upward trend.

Despite the robust market we are seeing, one of the biggest frustrations buyers are experiencing is a lack of inventory. December 2013 brought us the lowest amount of homes on the market in the past 5 YEARS in Darien! Our hope is that with the spring market upon us, this will become less of a concern. I can’t emphasize enough, if you are on the sidelines contemplating a move, you cannot create a better scenario than now to list your home; low inventory and prices are up.

Whatever your real estate plans are in the upcoming year, I look forward to assisting you in making an educated move.

-Contributed by Wendy Ryan. Feel free to contact her at 203-964-7450 or wendyr@afahomes.com.

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