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Darien Real Estate: the Good, the Bad & the Break Even

Year-over-year Darien real estate market statistics,simplified.

If you've been reading Patch, you can see that have taken place for the month of August. But how is the Darien real estate market faring so far in 2012 versus 2011?

It's a mixed bag but generally the signs are encouraging. Take a look at the chart attached to this blog post. You can see that the number of listings thus far has only eek-ed by the number in 2011 for a meager 1.5% increase.

Although listings are about even, the number of homes sold has indeed increased by 20%. Nothing wrong with that.

Take note  however,that the  length of time a home must remain on the market has decreased but it still takes approximately four months to sell a home in Darien ... yup four months. 

Lastly,while the number of homes sold is up—the average sale price is down, to around  $1.5 million owing to both lower pricing and the majority of sales coming from the low end of the market.

Hopefully the fall real estate market in Darien will keep the numbers moving in the right direction.

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SEE ALSO:

Darien real estate:

  • (property transfers)
  • (videos for homes on the market)

Property transfers columns in other Patch communities:

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This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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