Norwalk CT Real Estate Market Report April 10, 2012

NORWALK CT HOMES:  Continued signs of life are evident  in the Norwalk market- There are now 419 homes that are actively on the market. The currently available homes have been on the market an average of 109 days and are listed at an average price of $684,109, 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.

Twenty-one new listings came on the market this week, and three homes came back on the market after being under deposit. There were twenty properties that had a price change. Fifteen properties have gone under the initial deposit stage, which we call CTS, and  seventeen properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $690,088.

TOWNWIDE PENDINGS: There are 67 properties scheduled to close, and their average price is $595,501.

CLOSINGS: Eleven single family homes were reported sold. These homes had an average list price of $782,636 and were on the market an average of 147 days. There were 98 status changes in the last week.

NORWALK CT CONDOS: The 213 condominiums that are available in Norwalk are listed at an average price of $289,460 and have been on the market an average of 131 days. The median price of a condo in Norwalk is $216,950. 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 six new listings this week, and one home came back on the market after being under deposit. There were seven properties that had a price change. In the last week, six properties went into CTS status, and five properties went into pending status. Their average list price was $225,620.

TOWNWIDE PENDINGS: There are 27 properties scheduled to close, and their average price is $231,188.

CLOSINGS: There were four condominiums that were reported as closed in the last week, and their average list price was $281,350. They were on the market an average of 156 days. There were 38  status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 148 homes or apartments available. The median monthly price is $1,612 and the average price is $2,100 per month. These year round rental opportunities have been on the market an average of 50 days.

There are two seasonal rentals available at this time, and the average list price is $10,250. The median price is $10,250. Average market time is 46 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