This month’s Forbes magazine has put together a list of the best places to retire in the United States if you are looking for a high-end retirement lifestyle. In the New England states only two made the list with Darien, Connecticut being one of them. Darien is about an hour train ride from NYC on the Long Island Sound “Gold Coast” of Connecticut and boasts nine private clubs for yachting, swimming, tennis and golf.
Category Archives: Ct Real Estate Market
April 30th, 2013.
Currently the Greenwich Multiple Listing Service, GMLS, is reporting 539 single family homes listed for sale in Greenwich, Ct. The prices range of these homes range from $449,000 for a one bedroom 1,141 square foot home on 0.21 acres up to a $32,995,000 seventy-five acre estate with a 15,862 square foot Elizabethan inspired Tudor Mansion.
Year to date the GMLS reported that there have been 127 single family home sales with an additional 185 homes under accepted offer and/or contracted to sell.*
Action In The Darien, Ct Real Estate Market ~ Spring 2013.
April 3rd, 2013.
First Quarter of 2013 the real estate market of single family homes in Darien, Connecticut has held its own compared to same time last year with sales and prices slightly down but with average square foot prices slightly up.
The big news is that currently on the Darien MLS there are 71 homes under deposit and/or with accepted offers and another 122 homes listed for sale. The single family homes for sale range price from $375,000 for a 3 bedroom 936 square foot home up to $15.9 million waterfront estate on 3.16 acres with a 12,000 square foot custom built Hobbs home. Continue reading
The U.S. Census Bureau just released its report ‘The Geographic Concentration of High-Income Households: 2007-2011’ with the Bridgeport-Stamford-Norwalk, Connecticut region having the highest concentration. The census report finds that 17.9% of households in the area have incomes in the top five percent nationwide which is above $191,469 per year.
San Jose-Sunnyvale-Santa Clara, California came in second with 15.9%
Washington-Arlington-Alexandra, DC-VA-MD-WV came in third with 14.1%.
On a state-by-state basis, Connecticut has the third highest concentration of the ultra-wealthy at 9.5 percent, behind Washington, D.C. at 11.4 percent and New Jersey at 9.8 percent. Continue reading
According to the national survey the greater the damages the more likely the homeowner received less than expected with almost 10% overall of the survey were in disagreement with the claim payment but when damages were over $25,000, 19% were in disagreement.
Both reports and ratings have Amica Insurance with the best reviews and with Erie Insurance and State Farm above industry standards. Both reports also have MetLife, Travelers, Farmers and Allstate below industry standards. To see how the customer satisfaction index was determined please visit each article. Continue reading
With the New Year comes opportunity for moving into a brand new constructed home in Darien, Connecticut. Some of these homes are move in ready and some are still in construction phase where you can choose your finishes.
The four I will highlight in this week’s newsletter are:
~ Kensett Home Community of 62 custom designed homes on 16 acres with walking trails, pool & club house. Prices range from $1.3 to $1.55 million with square feet running between 3,300 up to 4,480.
~ Noroton Green are 8 certified “green” homes with state of the art energy-efficient mechanicals and materials. These homes are approx. 3,000 sq. ft. with 3 bedrooms, 3 ½ baths starting at $1.295 million.
Custom Deluxe Homes.
~ 358 Hoyt Street a 3,500 square foot home on 0.80 acres, spray foam insulation, 3 zone HVAC system, large eat-in gourmet kitchen offered at $1,399,000.
~ 312 Noroton Avenue is a timeless custom Colonial design with all the high end bells and whistles is a 5745 sq. ft. home on 0.35 acres offered at $2,295,000.
The 2013 Cost vs. Value report by Remodeling Magazine is out and it shows a positive sign for the remodeling industry with the national average of cost-value ratio rising for the first time in six years.
The report is broken up into nine regions of the United State with the Connecticut and New England Region showing an uptick in value of all projects compared to last year’s report. For Connecticut the report is broken further down to New Haven and Hartford with a downloadable pdf.
The national data of the Cost vs. Value report compares the average cost of 35 popular remodeling projects with the value of those projects retain at sale. You can view national data for the projects or go to regional data for a more detailed look as well as mid-range vs. high-range remodel values. Continue reading
Real Estate Year End 2012 Market Report for single family homes in Darien, Connecticut compared to 2011 show a 23.3% improvement in homes sold. Along with that average days on the market decreased by 5 days and yet average sale price was down 8.7%. When you dig a little deeper the average size home was about 5% less in 2012 (3,266 sq.) to that of 2011 (3,438 sq. ft.).
Currently there are 90 single family homes listed for sale on the Darien MLS down from a yearly average of 175 to 200 listings. Currently prices are ranging from $365,000 for a 1,200 sq. ft. Ranch on 0.27 acres up to $26,000,000 for an 8,800 waterfront estate on 5.25 acres.
For further information about homes in lower Fairfield County, Connecticut call David Popoff
at William Pitt Sotheby’s International Realty in Darien, Ct.
Dec. 20th, 2012.
Year to Date, Year over Year Greenwich Single Family Home Rentals Statistics.
~ For 2012 there has been 394 single family homes rented compared to 416 in 2011.
~ The average sizes of the homes are 4 bedrooms, 3 bathrooms with an average rental of $7,531 in 2012 compared to $7,160 in 2011.
~ Average days on the market for rentals in 2012 are 66 compared to 2011 of 52.
Currently on the market in Greenwich, Connecticut* there are 107 single family homes being offered for rent from a 3 bedroom, 1 bath Cottage at $2,200 up to a 5 bedroom Estate on 4.5 acres being offered at $46,000 per month. There are also many apartments, condos and multifamily units available with a starting price of around $1,500.
DMK Property Management llc offers a full range of services for the Greenwich area, please visit our website.
*Information provided by the Greenwich MLS.
David Popoff is a Connecticut license real estate agent in lower Fairfield County and is a designated “Green” Realtor at William Pitt Sotheby’s International Realty in Darien, Ct.
With year end in sight let’s take a look on how the single family home sales in Darien, Connecticut. Year to Date, Year over Year total dollar volume sales are up 9.5% with over all homes sold up 20.4%. Yet average sales prices are down 9% from an average of $1,682,391 in 2011 to $1,530,772 in 2012. Part of the reason for this decline is that the average home size is down 200 square feet from 2011 of 3,798 sq. to 2012 of 3,598 sq.ft.
Looking at an average square foot price of sold single family homes in Darien:
- 2011 YTD was at $477.09
- 2012 YTD is at $461.15
Another good sign for the Darien housing market is that the average days on the market for a listing is down 5.1% from 2011.