Norwalk CT Real Estate Weekly Update November 29, 2011

NORWALK CT HOMES: Norwalk continues its seasonal inventory slide and as of this morning, there are just 391 homes that are actively on the market. These homes have been available an average of 140 days and are listed at an average price of $705,918. The median list price in Norwalk is at $412,500.  

The highest priced home for sale in the city is listed at $5,975,000 and the lowest priced home available is $139,900.  

Three bedroom homes comprise just over 46 percent of the available inventory and are listed on average at $541,641. Thirty-five and one half percent of all single family homes for sale have four bedrooms, and their average list price is $815,482.

Four new listings came on the market this week, and no  homes  came back on the market after being under deposit.  There were five properties that had a price change. Again, this was yet another solid week for deposits, and 11 properties have gone under the initial deposit stage, which we call CTS. Seven properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $483,714 and their  market time was 138 days on average.

TOWNWIDE PENDINGS: There are 49 properties scheduled to close, and their average price is $546,271.

CLOSINGS:  Two single family homes were reported sold.  These homes had an average price of $434,450 and  were on the market an average of 100 days. There were 49 status changes in the last week.

NORWALK CT CONDOS:  The 251 condominiums that are available in Norwalk are listed at an average price of $300,260 and have been on the market an average of 143 days, and  the median price of a condo in Norwalk is $234,000. The highest priced condominium for sale in the city is listed at $2,600,000 and the lowest priced condo available is $39,500.

One bedroom condos comprise just over 29 percent of the available inventory and are listed on average at $183,983. Fifty-three percent of all condominiums for sale have two bedrooms, and their average list price is $297,695.

There were two new listings this week, and one home came back on the market after being under deposit. There were 11 properties that had a price change. In the last week, three properties went into CTS status,  and five properties went into pending status.

TOWNWIDE PENDINGS: There are 27 properties scheduled to close, and their average price is $370,562.

CLOSINGS:  There was one condominium that was reported as closed in the last week, and it was listed at $385,000 and  on the market for 265 days.  There were 36 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 161 homes or apartments available. The median monthly price is $1,725 and the average price is $2,597 per month. These year round rental opportunities have been on the market an average of 52 days.

There are no seasonal rentals available at this time in Norwalk.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included.

f you have a question about buying or selling Real Estate in Norwalk, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy