Norwalk CT Real Estate Market Report Week of July 24, 2012

 NORWALK CT HOMES: There are now 431 homes that are actively on the market. The currently available homes have been on the market an average of 121 days and are listed at an average price of $784,268, and the median list price in Norwalk is now $437,000

The highest priced home for sale in the city is listed at $5,750,000 and the lowest priced home available is $114,500.

Seven new listings came on the market this week, and four homes came back on the market after being under deposit. There were 20 properties that had a price change. Twenty properties have gone under the initial deposit stage, which we call CTS, and 16 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $433,272.

TOWNWIDE PENDINGS: There are 98 properties scheduled to close, and their average price is $476,886.

CLOSINGS:  Nineteen single family homes were reported as sold in the last seven days. These homes had an average list price of $565,417 and were on the market an average of 74 days. There were 97 status changes in the last week.

NORWALK CT CONDOS: The 212 condominiums that are available in Norwalk are listed at an average price of $307,233 and have been on the market an average of 143 days. The median price of a condo in Norwalk is $222,000. 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 seven new listings this week, and two homes came back on the market after being under deposit. There were two properties that had a price change. In the last week, nine properties went into CTS status, and three properties went into pending status. Their average list price was $224,333.

TOWNWIDE PENDINGS: There are 38 properties scheduled to close, and their average price is $248,263.

CLOSINGS: There were seven condominiums that were reported as closed in the last week, and they were listed on average at $279,114.  Average market time was 108 days. There were 42 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 160 homes or apartments available. The median monthly price is $1,725 and the average price is $2,301 per month. These year round rental opportunities have been on the market an average of 38 days.

There are five seasonal rentals available at this time, and are listed on average at $11,100. The median price is $6,500, and  average market  time is 41 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? We'd be honored to represent you.

Feel free to email us here or visit our main  site

www.CThomesAndRealEstate.com

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