Norwalk CT Real Estate Market Statistics Week of April 3, 2012

NORWALK CT HOMES:  Continued signs of life are evident  in the Norwalk market- there are now 417 homes that are actively on the market, and more homes have been coming on the market, and more homes have been selling.  The currently available homes have been on the market an average of 108 days and are listed at an average price of $694,616, and the median list price in Norwalk is $417,500.

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 five homes came back on the market after being under deposit. There were thirteen properties that had a price change. Twenty-three properties have gone under the initial deposit stage, which we call CTS, and  ten properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $643,140.

TOWNWIDE PENDINGS: There are 64 properties scheduled to close, and their average price is $638,521.

CLOSINGS: Fifteen single family homes were reported sold. These homes had an average list price of $647,693 and were on the market an average of 104 days. There were 98 status changes in the last week.

NORWALK CT CONDOS: The 214 condominiums that are available in Norwalk are listed at an average price of $287,822 and have been on the market an average of 133 days. The median price of a condo in Norwalk is $217,400. The highest priced condominium for sale in the city is listed at $2,500,000 and the lowest priced condo available is $35,500.

There were twelve new listings this week, and no homes came back on the market after being under deposit. There were nine properties that had a price change. In the last week, seven properties went into CTS status, and three properties went into pending status. Their average list price was $377,633.

TOWNWIDE PENDINGS: There are 24 properties scheduled to close, and their average price is $232,562.

CLOSINGS: There were four condominiums that were reported as closed in the last week, and their average list price was $296,425. They were on the market an average of 149 days. There were 47 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 153 homes or apartments available. The median monthly price is $1,550 and the average price is $2,060 per month. These year round rental opportunities have been on the market an average of 48 days.

There are three seasonal rentals available at this time, and the average list price is $18,250. The median price is $10,250. Average market time is 36 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