Real Estate Market Report for Norwalk CT week of 6/14/2011

NORWALK CT HOMES: The median list price in Norwalk  is $453,000.  As of this morning, there are 490  homes actively on the market for  102 days and are listed at an average of $784,127.  The highest priced home for sale in the city is listed at $5,490,000 and the lowest priced home available is $189,900.

Twelve  new listings came on the market this week, and one home  came back on the market after being under deposit.  There were  20  properties that had a price change. This week, 21 properties have gone under the initial deposit stage, which we call CTS, and 22 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: A total of ten single family homes sold this past  week.These homes had an average price of $608,470, and  were on the market an average of 105 days. There were 107 status changes in the last week.

NORWALK CT CONDOS:  The 289 condominiums that are available in Norwalk have been  listed an average price of $306,036 and have been on the market an average of 123 days, although the median price of a condo in Norwalk is consistent at $229,450. The highest priced condominium for sale in the city is listed at $2,600,000 and the lowest priced condo available is $49,500.

There were 11 new listings, and two homes came back on the market. There were 11 properties that had a price change. In the last week, fnine properties went into CTS status,  and 11  properties went into pending status. CLOSINGS:  There were seven condominiums that closed in the last week at an average price of $316,686 and they were on the market an average of 167 days. There were 59 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 108 homes or apartments available. The median monthly price is $1,747 and the average price is $2,514 per month. These year round rental opportunities have been on the market an average of 38 days.

There are only four seasonal rentals  available throughout Norwalk, and they have been on the market an average of 64 days, and at an average price of $26,187. The median  price of both furnished and unfurnished seasonal rentals is now $8,375.

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