Norwalk CT Real Estate Market Update Week of May 7, 2012

NORWALK CT HOMES:  The Norwalk market is still unsettled, even in the traditional spring market. There are now 446 homes that are actively on the market. The currently available homes have been on the market an average of 107 days and are listed at an average price of $701,475, and the median list price in Norwalk is $428,938.

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

Eighteen new listings came on the market this week, and four homes came back on the market after being under deposit. There were twenty-three properties that had a price change. Twenty-eight  properties have gone under the initial deposit stage, which we call CTS, and  22 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $533,432.

TOWNWIDE PENDINGS: There are 84 properties scheduled to close, and their average price is $654,934.

CLOSINGS: Twelve single family homes were reported as sold in the last seven days. These homes had an average list price of $696,175 and were on the market an average of 137 days. There were 119 status changes in the last week.

NORWALK CT CONDOS: The 223 condominiums that are available in Norwalk are listed at an average price of $288,367 and have been on the market an average of 132 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 11 new listings this week, and one home came back on the market after being under deposit. There were 11 properties that had a price change. In the last week, nine properties went into CTS status, and seven properties went into pending status. Their average list price was $266,486.

TOWNWIDE PENDINGS: There are 31 properties scheduled to close, and their average price is $245,254.

CLOSINGS: There were six condominiums that were reported as closed in the last week, and they were listed on average at $307,933.  Average market time was 109 days. There were 56  status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 145 homes or apartments available. The median monthly price is $1,625 and the average price is $2,218 per month. These year round rental opportunities have been on the market an average of 43 days.

There is one seasonal rental available at this time, and it is listed at $15,000. The median price is $15,000, and market  time is 14 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