Darien & Rowayton Open Houses this Weekend

Open Houses this Sunday March 24

Darien

35 Hillsley Rd                  $3,875,000          2-4:00 pm       William Raveis

66 Holly Lane                  $3,695,000          1-4:00 pm       Halstead

20 Prospect Ave               $2,050,000          2-4:00 pm       Halstead

8 Red Mill Rd                   $1,775,000           1-3:00 pm      Halstead

545 Hoyt St                     $   989,000          1-3:00 pm       Halstead

27 Richmond Dr               $   869,000          1-3:00 pm       Halstead

246 Noroton Ave              $   699,000          1-3:00 pm       William Raveis

2636 Boston Post Rd         $   599,000          2-4:00 pm      Kelly Associates

Rowayton

25 Steepletop Rd            $669,500                1-3:00 pm   Prudential CT

238 Rowayton Ave          $598,900                1-3:00 pm   Prudential CT   

In case you missed this update last week!

Market Update

Darien

18 listings have closed so far this year with another 54 under
contract! Current inventory is on the low side with only 124 houses
currently listed for sale. More should be coming on in the next few weeks, but
in the height of the Spring market we could see over 170 listings typically.. Of
course the lower the inventory, the better it is for sellers..

Rowayton

5 listings have closed so far this year with another 17 under
contract. Curret inventory is 38, also on the low side. We can see
60-70 listings in the height of a typical Spring market. More listings will be
coming on, but I predict it won't be as high as that.

Both markets

Both Rowayton and Darien have lowish inventory, and a lot of activity with
houses getting accepted offers rather quickly and even multiple bidding
situations. It almost feels like the good old days of 2005-2007, but the prices
are more in check, and are particularly lower in Rowayton than back then.

So in one sense it is a 'seller's market', partly due to low inventory, but
only if the house is priced right. Buyers still want a good deal, and banks are
still much more particular when it comes time to appraise a house, so pricing is
important in how long a house will be on the market.

It is also still a 'buyers' market' because of the more realistic prices
overall, and the continuation of low mortgage rates.

Let me know your experiences and thoughts in your comment

Thank you,

Elaine
Falkenberg

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SEE ALSO:

Property transfers columns in area Patch communities:

Darien | Fairfield | Greenwich | (Greenwich open houses) | New Canaan | Norwalk | Stamford | Westport | Weston-Redding-Easton | Wilton

The Darien Real Estate topics page, which includes:

• Youtube Open House (videos for homes on the market)

• Al Filippone's real estate blog

•  Elaine Falkenberg's real estate blog (including open houses)

• Ken Allen's real estate blog