Norwalk CT Real Estate Market Update Week of March 20, 2012

NORWALK CT HOMES:  Finally, some signs of activity and improvement. There are 396 homes that are actively on the market, and  you can begin to expect that more homes will be coming on the market in the weeks ahead. These available homes have been on the market an average of 113 days and are listed at an average price of $685,452. The median list price in Norwalk is $415,000.

The highest priced home for sale in the city is listed at $4,650,000 and the lowest priced home available is $105,000.

Nineteen new listings came on the market this week, and three homes came back on the market after being under deposit. There were seventeen properties that had a price change. Nineteen properties have gone under the initial deposit stage, which we call CTS, and  fourteen properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $751,713.

TOWNWIDE PENDINGS: There are 66 properties scheduled to close, and their average price is $585,210.

CLOSINGS: Four single family homes were reported sold. These homes had an average list price of $1,010,475 and were on the market an average of 326 days. There were 91 status changes in the last week.

NORWALK CT CONDOS: The 212 condominiums that are available in Norwalk are listed at an average price of $274,987 and have been on the market an average of 138 days. The median price of a condo in Norwalk is $209,450. The highest priced condominium for sale in the city is listed at $1,275,000 and the lowest priced condo available is $39,500.

There were eight new listings this week, and two homes came back on the market after being under deposit. There were seven properties that had a price change. In the last week, seven properties went into CTS status, and four properties went into pending status. Their average list price was $274,350.

TOWNWIDE PENDINGS: There are 19 properties scheduled to close, and their average price is $225,726.

CLOSINGS: There were three condominiums that were reported as closed in the last week, and their average list price was $236,633. They were on the market an average of 67 days. There were 39 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 166 homes or apartments available. The median monthly price is $1,610 and the average price is $2,080 per month. These year round rental opportunities have been on the market an average of 48 days.

There are two seasonal rentals available at this time, and the average list price is $21,250. The median price is $21,250. Average market time is 38 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.

If you need a REALTOR, or 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