Darien Real Estate Quarterly Market Statistics
Posted by 
Al Filippone Associates on Tuesday, April 13, 2010
The Darien Real Estate market saw healthy activity in both number of sales and average sale price for the 1Q of 2010. The number of homes sold increased by 76.2% when compared to 1Q 2009 and average sale prices have been stabilizing. With good market activity and strong demand from buyers, the need for new spring inventory continues.
Highlights:
• The Avg. List Price increased 30.8% to $1,934,013 above the prior year 1Q result of $1,478,316 and 1.9% above the $1,906,197 in the 1Q 2008.
• Days on Market increased 70 days in 2009 and 31 days in 2008 for the same quarter.
• Listing Inventory saw no change when compared to the prior year’s 1Q and has decreased by 6.3% to 147 home listings taken vs. 2008.
• # of Home Listings Sold was up 76.2% to 37 homes vs. 21 homes in the prior year’s 1Q and saw a decrease of 2.6% from 2008.
• LP/SP ratio increased by 1.2% to 92.5% in the 1Q of 2010 and decreased 1.9% when compared to 2008.
Darien Real Estate Sales - 1st Quarter Comparison
| 2010 1st Q | 2009 1st Q | 2008 1st Q | % Change from '09 | % Change from '08 | |
|---|---|---|---|---|---|
| Avg. List $ | $1,934,013 | $1,478,316 | $1,906,197 | 30.8% | 1.9% |
| Avg. Sale $ | $1,788,427 | $1,349,285 | $1,800,104 | 32.5% | -.6% |
| Avg. Mkt Tm | 182 days | 112 days | 151 days | 70 days | 31 days |
| # Listings Taken | 147 | 147 | 157 | 0% | -6.3% |
| # Listings Sold | 37 | 21 | 38 | +76.2% | -2.6% |
| SP:LP Ratio | 92.5% | 91.3% | 94.4% | +1.2% | -1.9% |
