Norwalk CT Real Estate Market Report Week of August 13, 2012

NORWALK CT HOMES: There are now 430 homes that are  on the market, and 50 of those homes are under the initial stage of deposit. The currently available homes have been on the market an average of 115 days and are listed at an average price of $777,952, and the median list price in Norwalk is now $531,950

The highest priced home for sale in the city is listed at $5,750,000 and the lowest priced home available is $135,000.

Twenty new listings came on the market this week, and four homes came back on the market after being under deposit. There were 18 properties that had a price change. Twelve properties have gone under the initial deposit stage, which we call CTS, and 14 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $440,421.

TOWNWIDE PENDINGS: There are 84 properties scheduled to close, and their average price is $423,482.

CLOSINGS:  Fourteen single family homes were reported as sold in the last seven days. These homes had an average list price of $430,764 and were on the market an average of 90 days. There were 78  status changes in the last week.

NORWALK CT CONDOS: The 210 condominiums that are available in Norwalk are listed at an average price of $304,350 and have been on the market an average of 132 days. The median price of a condo in Norwalk is $249,900. The highest priced condominium for sale in the city is listed at $2,595,000 and the lowest priced condo available is $53,000.

There were 12 new listings this week, and two homes came back on the market after being under deposit. There were six properties that had a price change. In the last week, five properties went into CTS status, and three properties went into pending status. Their average list price was $247,967.

TOWNWIDE PENDINGS: There are 35 properties scheduled to close, and their average price is $226,446.

CLOSINGS: There were three condominiums that were reported as closed in the last week, and they were listed on average at $296,667.  Average market time was 113 days. There were 40 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 152 homes or apartments available. The median monthly price is $1,900 and the average price is $2,341 per month. These year round rental opportunities have been on the market an average of 40 days.

There are six seasonal rentals available at this time, and are listed on average at $6,125. The median price is $5,750, and  average market  time is 45 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.

Buying or Selling a Home in Norwalk?  Contact us!

If you 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

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