Darien May 2010 Monthly Real Estate Statistics
Posted by 
Al Filippone Associates on Tuesday, June 15, 2010
Darien May home sales were up a healthy 56.3%, with 25 homes sold in May 2010 vs.16 sold in May 2009.
As interest rates remain low and economic forecasts predicting slow, but steady growth through the middle of next year*, our real estate market should continue to see improved activity. With that said, the real estate market still proves challenging and now more than ever, home sellers need the council of an experienced and highly skilled real estate agent to market and negotiate the sale of their home from list date on through to the closing table!
*WSJ,(6.09.10)
Highlights:
• The Avg. List price of a home was up 23.7% to $2,040,720 in May 2010 vs. May 2009.
• The Avg. Sale price of a home was up 30.6.% in May 2010 to $1,934,370 in May 2010 vs. May 2009.
• The Avg. Days on Market was up 59 days in May 2010 vs. May 2009 and was up 82 days when compared to May 2008.
• The number of home listings taken was up 6.8% to 63 homes in May 2010 vs. May 2009 and down 19.2% from May 2008.
• The number of homes sold was up a healthy 56.3% to 25 homes in May 2010 vs. 16 homes sold in May 2009.
• LP/SP ratio adjusted up 5% in May 2010 vs. the same period in 2009.
May 2010 Darien Market Statistics
| Single Family Homes | Closed | Listings Taken | Avg. List $ | Avg Sale $ | Sale:List $ | Mrkt Time |
|---|---|---|---|---|---|---|
| May 2010 | 25 | 63 | $2,040,720 | $1,934,370 | 94.8% | 196 |
| May 2009 | 16 | 59 | $1,649,993 | $1,481,171 | 89.8% | 137 |
| May 2008 | 26 | 78 | $1,901,076 | $1,784,038 | 93.8% | 114 |
| % Change from '09 | 56.3% | 6.8% | 23.7% | 30.6% | 5% | 59 days |
| % Change from '08 | -3.8% | -19.2% | 7.3% | 8.4% | 1% | 82 days |
