Norwalk CT Real Estate Market Update Week of April 24, 2012

NORWALK CT HOMES:  The Norwalk market is still unsettled, eve in the traditioal spring market. There are now 445 homes that are actively on the market. The currently available homes have been on the market an average of 108 days and are listed at an average price of $677,917, and 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 $108,900.

Ternty-four new listings came on the market this week, and two homes came back on the market after being under deposit. There were seventeen properties that had a price change. Seventeen properties have gone under the initial deposit stage, which we call CTS, and  fifteen properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $797,787.

TOWNWIDE PENDINGS: There are 75 properties scheduled to close, and their average price is $643,908.

CLOSINGS: Fourteen single family homes were reported as sold in the last seven days. These homes had an average list price of $465,914 and were on the market an average of 129 days. There were 99 status changes in the last week.

NORWALK CT CONDOS: The 219 condominiums that are available in Norwalk are listed at an average price of $290,768 and have been on the market an average of 127 days. The median price of a condo in Norwalk is $219,9950. 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 nine new listings this week, and no homes came back on the market after being under deposit. There were eight properties that had a price change. In the last week, seven properties went into CTS status, and five properties went into pending status. Their average list price was $248,680.

TOWNWIDE PENDINGS: There are 30 properties scheduled to close, and their average price is $249,486.

CLOSINGS: There were four condominiums that were reported as closed in the last week, and they were listed on average at $175,725.  Average market time was 125 days. There were 41  status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 151 homes or apartments available. The median monthly price is $1,600 and the average price is $2,150 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 $10,250. The median price is $10,250. Average market time is 60 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