July Real Estate Stats in Darien: Fewer Homes Sold, on Market Longer — But Prices Up: Farrell on Real Estate

Download PDF

With summer winding down, but August not quite over, we can take a look at some July real estate numbers in Darien.

The median sale price of single family homes increased by 16 percent over July of last year and the average sale price increased by 12.6 percent over last year.

The median sale price for a single family home was $1,525,000 while the average sale price was $1,682,764.

Market report Houlihan Lawrence

Image from Houlihan Lawrence

July market report from Houlihan Lawrence

 

Thirty-four homes have sold, a 6.3 percent increase over June 2018, but a 27.7% decrease over July of 2017.

Darien homes were on the market for an average of 117 days (a significantly longer time than in 2017) but sold at almost 95 percent of sales price.

Inventory was significantly higher than July of last year (65.2 percent), but lower than June of 2018 by 18.3 percent.

17 Lake Drive Darien Real Estate

Contributed photo

This house is on the market at 17 Lake Dr. is priced at $1,995,000, which is 19 percent higher than the average sale price for single family homes in Darien in July.

____________

Diane Farrell Houlihan Lawrence head shot thumbnail 18-01-10

Diane Farrell is a realtor with Houlihan Lawrence in Darien. A 20-year town resident,  she is a board member of the Tree Conservancy of Darien. Her marketing and public relations business, Farrell Marketing and Media is based in Darien. You can reach her at dfarrell@houlihanlawrence.com or (203) 984-0644.

___________

See also:

Farrell on Real Estate:

Darien home sales:

Darien & Rowayton Real Estate Reports:

Leave a Reply

Your email address will not be published. Required fields are marked *