Norwalk CT - Weekly Real Estate Market Statistics Report - July 26, 2011

NORWALK CT HOMES: Norwalk's market continues to be fairly steady and somewhat predictable,  just  like the Fairfield and Westport markets. The median list price in Norwalk  is $440,950.  As of this morning, there are 480  homes actively on the market. These home have been available an average of 103 days and are listed at an average of $760,887.

The highest priced home for sale in the city is listed at $5,975,000 and the lowest priced home available is $95,000. There are 92 homes available between four and five hundred thousand dollars, and 36 homes available between one and two million dollars.

Fifteen new listings came on the market this week, and no homes  came back on the market after being under deposit.  There were 17 properties that had a price change. This was another solid week for deposits, and 13 properties have gone under the initial deposit stage, which we call CTS, and 15 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

CLOSINGS:  14 single family homes sold this past  week.  These homes had an average price of $395,254 and  were on the market an average of 111 days. There were 100 status changes in the last week.

NORWALK CT CONDOS:  The 287 condominiums that are available in Norwalk have been  listed an average price of $301,877 and have been on the market an average of 126 days, although the median price of a condo in Norwalk is fairly consistent at $234,650. 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 are 82 condos available in the 200-300k price range.

There were 12 new listings this week, and one home came back on the market after being under deposit. There were eight properties that had a price change. In the last week, four properties went into CTS status,  and three properties went into pending status. CLOSINGS:  There were six  condominiums that closed in the last week that were listed at an average price of $619,150 and they were on the market for an average of 128  days. There were 46 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 $1,600 and the average price is $2,787 per month. These year round rental opportunities have been on the market an average of 43 days.

There are three seasonal rentals available throughout Norwalk, and they have been on the market an average of 71days, and at an average price of $9,583. The median  price of both furnished and unfurnished seasonal rentals is also $7,875.

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.