Norwalk CT Real Estate Weekly Market Report 5/3/11

NORWALK CT HOMES: I am pleased to report that the Norwalk real estate market is performing well, and is experiencing one of the steadiest markets in our area over the last few weeks. Wonderful!

The median list price in Norwalk  is $459,450.  As of this morning, there are 463 homes actively on the market for  98 days and are listed at an average of $807,356. 29 new listings came on the market this week, including four homes that came back on the market after being under deposit.  There were  19 properties that had a price change. This week, 19 properties have gone under the initial deposit stage, which we call CTS, and 12 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: A total of 12 single family homes sold this past  week, and they had an average price of $562,149, and  were on the market an average of 86 days. There were 109 status changes in the last week.

NORWALK CT CONDOS: The median price of a condo in Norwalk is $227,450. The 278 condominiums that are available have been  listed an average price of $312,240 and have been on the market an average of 116 days. There were 21 new listings, and two homes came back on the market. There were 11 properties that had a price change. In the last week, four properties went into CTS status,  and six  properties went into pending status. CLOSINGS:  There were eight condominiums that closed in the last week at an average price of $259,238 and were on the market an average of 101 days. There were 67 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 50 homes or apartments available. The median monthly price is $1,460 and the average price is $2,129 per month. These year round rental opportunities have been on the market an average of 49 days.

There are only 11 seasonal rentals  available throughout Norwalk, and they have been on the market an average of 46 days, and at an average price of $19,663 The median  price of both furnished and unfurnished seasonal rentals is $11,500.

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

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