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Health & Fitness

Darien Real Estate Turnaround Finally Starts to Come Around

The real estate market is Darien Ct seems to be poised for a turn around.

For years, specifically the past six or more,we've all been reading reports that the real estate market in this country is showing signs of life.

A tick up in new home starts, word of rising prices in some markets and persistently low interest rates are a constant.

Yet, as a realtor here in Darien, I never really felt it-until this year. Sure homes have been selling over the years since the real estate downturn but at a fraction of the pace and number than prior to 2007.

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Prices in Darien and elsewhere in Fairfield County are down 25 percent and have remained there. However, not only is spring in the air,but customers are out in force.

What has caused this sudden change attitude toward home buying? Hard to say. However, it is my opinion that the psychological factors regarding job security, White House presidential campaigns and the wisdom of buying real estate in general has been lifted.

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Furthermore, homeowners, after years of denial have finally become accustomed to the idea that their homes are no longer worth what they once were. As a result, pricing is finally realistic.

I always knew those factors were considerable but not until recently did I realize how much.

Inspectors, insurance agents, appraisers are all once again busy and hard to schedule. Unfortunately inventory around Darien and surrounding towns is quite thin.

When attractive homes do come on the market, they sell immediately and we are seeing multiple offers once again as the trifecta of tolerable commute, excellent schools and waterfront in Darien, regrip buyers.

My best advice if you realistically think Darien is on your real estate radar is to drive up,drive around, and if you like what you see, get a Realtor.

I believe inventory will be increasing and it will be a strong spring market in Darien real estate. Happy days are here again. No kidding.

Need more info and insight? I'm at 203-554-0951.

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