January 2010 Darien Market Statistics
Posted by 
Al Filippone Associates on Tuesday, February 9, 2010
The New Year kicked off an improved Darien Real Estate Market, with sales up 200% in January compared to a year ago. The robust pace of sales can be attributed to an increase in consumer confidence and buyers taking advantage of low interest rates, tax incentives and affordable prices. Home sellers can position themselves for success, by listing their homes early in the spring market, as the market is experiencing optimum buying conditions and lower inventory.
Highlights:
• The Avg. List Price of a home was up almost 4% in January 2010 vs. January 2009.
• The Avg. Home Sale Price was also up over 6%, indicating the market is stabilizing and buyer confidence is
improving.
• Days on Market has declined and is trending towards conditions similar to 2008.
• # of Home Listings Taken increased by over 11%, as inventory is building for the Spring Market.
• # of Home Listings Sold was up a whopping 200% in January 2010 vs. January 2009.
• LP/SP ratio is up 2.2% as list prices are more in concert with current market conditions.
January 2010 Darien Market Statistics
| Single Family Homes | Closed | Listings Taken | Avg. List $ | Avg Sale $ | Sale:List $ | Mrkt Time |
|---|---|---|---|---|---|---|
| January 2010 | 15 | 48 | $1,866,133 | $1,742,487 | 93.4% | 145 |
| January 2009 | 5 | 43 | $1,796,600 | $1,639,000 | 91.2% | 152 |
| January 2008 | 11 | 59 | $1,989,818 | $1,972,890 | 99.1% | 129 |
| % Change from '09 | 200% | 11.6% | 3.9% | 6.3% | 2.2% | -7 days |
| % Change from '08 | 36.4% | -18.6% | -6.2% | -11.7% | -5.7% | 16 days |
