Darien Real Estate Market on fire or cooling down?
Posted by 
Deirdre McGovern on Tuesday, December 15, 2009
This question is being bantered around at every Christmas luncheon, office party and holiday celebration. I am constantly being asked what is the market doing. Sellers want to know if they should sell now, wait until Spring or give it one more year. Buyers want to know if this is the low, what will future buyers be looking for in a house in terms of resale and is real estate once again a worthy investment. We all wish we had that crystal ball but barring being able to predict the future this is what we do know.
The real estate market is definitely correcting from an over inflated bubble and houses are worth less now than they were four years ago. We also know that real estate has highs and lows just like any other investment. This being said, if you are in either of the following categories now is the right time.
The reasons to sell are still the same:
Job relocation, retirement, downsizing or financial need
The reasons to buy are also still the same:
Job relocation, investment, family expansion and financial ability
When looking at both these options, Darien offers both buyers and sellers opportunity. Darien with its wonderful schools, town services, relatively low taxes compared to surrounding communities, convenient commute and beautiful setting on the Sound, will always be a sought after place to live and a good move.
