Norwalk CT Real Estate Market Update Week of April 17, 2012

NORWALK CT HOMES:  More signs of life are evident  in the Norwalk market- There are now 439 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 $677,619, and the median list price in Norwalk is $414,500.

The highest priced home for sale in the city is listed at $4,650,000 and the lowest priced home available is $108,900.

Thirty-two new listings came on the market this week, and three homes came back on the market after being under deposit. There were twenty-six properties that had a price change.  Twenty-three 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 $469,593.

TOWNWIDE PENDINGS: There are 71 properties scheduled to close, and their average price is $587,170.

CLOSINGS: Nine single family homes were reported as sold in th elast seven days. These homes had an average list price of $457,100 and were on the market an average of 131 days. There were 119 status changes in the last week.

NORWALK CT CONDOS: The 216 condominiums that are available in Norwalk are listed at an average price of $291,399 and have been on the market an average of 131 days. The median price of a condo in Norwalk is $221,450. 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 seven new listings this week, and no homes came back on the market after being under deposit. There were eleven properties that had a price change. In the last week, ten properties went into CTS status, and five properties went into pending status. Their average list price was $281,100.

TOWNWIDE PENDINGS: There are 31 properties scheduled to close, and their average price is $242,858.

CLOSINGS: There was one condominium that was reported as closed in the last week, and it was  listed at $119,000.  There were 40  status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 144 homes or apartments available. The median monthly price is $1,625 and the average price is $2,121 per month. These year round rental opportunities have been on the market an average of 49 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 53 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