Norwalk CT Real Estate Report Week of September 17, 2012

NORWALK CT HOMES: The market is improving  here in Norwalk! There are now just 361 homes that are  on the market. The currently available homes have been on the market an average of 124 days and a *cumulative market time of 203 days, and are listed at an average price of $793,643, and the median list price in Norwalk is now $519,900

The highest priced home for sale in the city is listed at $7,800,000 and the lowest priced home available is $119,900.

Twenty-nine new listings came on the market this week, and five homes came back on the market after being under deposit. There were 27 properties that had a price change. Seventeen properties have gone under the initial deposit stage, which we call CTS, and 11 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $405,309.

TOWNWIDE PENDINGS: There are 53 homes under the initial stage of deposit (which we call CTS), and another 82 properties that are scheduled to close, with an  average price of $426,583.

CLOSINGS:  Five single family homes were reported as sold in the last seven days. These homes had an average list price of $392,560 and were on the market an average of 60 days. There were 109 status changes in the last week.

NORWALK CT CONDOS: The 182 condominiums that are available in Norwalk are listed at an average price of $312,509 and have been on the market an average of 130 days, with a *cumulative market time of 299 days. The median price of a condo in Norwalk is $242,450. The highest priced condominium for sale in the city is listed at $2,595,000 and the lowest priced condo available is $64,000.

There were ten new listings this week, and three homes came back on the market after being under deposit. 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. Their average list price was $272,833.

TOWNWIDE PENDINGS: There are 15 properties in CTS status, and 38 pended properties scheduled to close. Their average price is $267,792.

CLOSINGS: There were two condominiums that were reported as closed in the last week, and they were listed on average at $174,450.  Average market time was 82 days. There were 42 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 160 homes or apartments available. The median monthly price is $1,800 and the average price is $2,261 per month. These year round rental opportunities have been on the market an average of 40 days.

There are four seasonal rentals available at this time, and are listed on average at $7,563. The median price is $8,000, and  average market  time is 47 days.  PLEASE NOTE: Seasonal rental prices are sometimes listed as the price for the entire term, and not as monthly rental figures.

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.

The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Norwalk?  Contact us!

If 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

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