Norwalk CT Real Estate Market Report Week of November 6, 2012

NORWALK CT HOMES: There are now just 316 homes that are  on the market in Norwalk. The currently available homes have been on the market an average of 138 days and have  a *cumulative market time of 220 days. They are listed at an average price of $840,209, (up nearly 50K since just one month ago)  and the median list price in Norwalk is now $529,950

The highest priced home for sale in the city is listed at $12,900,000 and the lowest priced home available is $175,000.

Seven new listings came on the market this week, and two homes came back on the market after being under deposit. There were eight properties that had a price change. Seven properties have gone under the initial deposit stage, which we call CTS, and 10 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $541,460.

TOWNWIDE DEPOSITS: There are 44 homes under the initial stage of deposit (which we call CTS), and another 85 properties that are scheduled to close, with an  average price of $468,699.

CLOSINGS:  Twelve single family homes were reported as sold in the last seven days. These homes had an average list price of $577,139 and were on the market an average of 100 days. There were 70 status changes in the last week.

NORWALK CT CONDOS: The 158 condominiums that are available in Norwalk are listed at an average price of $306,319 and have been on the market an average of 146 days, with a *cumulative market time of 351 days. The median price of a condo in Norwalk is $239,900. The highest priced condominium for sale in the city is listed at $2,595,000 and the lowest priced condo available is $25,000.

There were four new listings this week, and one home came back on the market after being under deposit. There was one property that had a price change. In the last week, four properties went into CTS status, and five properties went into pending status. Their average list price was $216,000.

TOWNWIDE DEPOSITS: There are 21 properties in CTS status, and 31 pended properties scheduled to close. Their average price is $262,787.

CLOSINGS: There were three condominiums that were reported as closed in the last week, and they were listed on average at $381,430.  Average market time was 72 days. There were 27 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 140 homes or apartments available. The median monthly price is $1,798 and the average price is $2,229 per month. These year round rental opportunities have been on the market an average of 47 days.

There are seven seasonal rentals available at this time, and are listed on average at $5,593. The median price is $4,500, and  average market  time is 22 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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