Norwalk CT Real Estate Market Weekly Statistics Report - June 28, 2011

NORWALK CT HOMES: The median list price in Norwalk  is $450,700.  As of this morning, there are 493  homes actively on the market for  102 days and are listed at an average of $771,513.

The highest priced home for sale in the city is listed at $5,490,000 and the lowest priced home available is $149,900. The most active price range in Norwalk is between five and six hundred thousand dollars.

Fifteen  new listings came on the market this week, and two homes  came back on the market after being under deposit.  There were  25  properties that had a price change. This week, 11  properties have gone under the initial deposit stage, which we call CTS, and 14 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS:  Twenty-three single family homes sold this past  week, which is nearly double of that which sold the week before! These homes had an average price of $672,991, and  were on the market an average of 108 days. There were 102 status changes in the last week.

NORWALK CT CONDOS:  The 284 condominiums that are available in Norwalk have been  listed an average price of $303,729 and have been on the market an average of 123 days, although the median price of a condo in Norwalk is consistent at $232,250. The most active price range in the city is between $200,000 and $250,000.

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 nine new listings, and three homes came back on the market. There were seven properties that had a price change. In the last week, six properties went into CTS status,  and eight properties went into pending status. CLOSINGS:  There were eight condominiums that closed in the last week at an average price of $195,488 and they were on the market an average of 97 days. There were 55 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 113 homes or apartments available. The median monthly price is $1,675 and the average price is $2,534 per month. These year round rental opportunities have been on the market an average of 41 days.

There are just two seasonal rentals available throughout Norwalk, and they have been on the market an average of 63 days, and at an average price of $8,375. The median  price of both furnished and unfurnished seasonal rentals is also $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.

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