Norwalk CT Weekly Housing and Real Estate Market Report 8/21/13

NORWALK CT HOMES: There are now 294 homes that are  on the market in Norwalk. The currently available homes have been on the market an average of 107 days and have  a *cumulative market time of 148 days. They are listed at an average price of $953,482  and the median list price in Norwalk is  at  $572,000.

The highest priced home for sale in the city is listed at $10,950,000 and the lowest priced home available is $169,000.

Eighteen new listings came on the market this week, and four homes came back on the market after being under deposit. There were 14 properties that had a price change. Eighteen properties have gone under the initial deposit stage, which we call CTS, and 15 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $501,913.

TOWNWIDE DEPOSITS: There are 50 homes under the initial stage of deposit (which we call CTS), and another 89 properties that are scheduled to close, with an  average price of $566,630.

CLOSINGS:  Fifteen  single family homes were reported as sold in the last seven days. These homes had an average list price of $589,847 and were on the market an average of 110 days. There were 92 status changes in the last week.

NORWALK CT CONDOS: The 128 condominiums that are available in Norwalk are listed at an average price of $325,161 and have been on the market an average of 113 days, with a *cumulative market time of 183 days. The median price of a condo in Norwalk is $252,500. The highest priced condominium for sale in the city is listed at $2,495,000 and the lowest priced condo available is $19,000.

There were seven new listings this week, and three homes came back on the market after being under deposit. There were five properties that had a price change. In the last week, 10 properties went into CTS status, and nine properties went into pending status.

TOWNWIDE DEPOSITS: There are 28 properties in CTS status, and 53 pended properties scheduled to close. Their average price is $263,297.

CLOSINGS: There were five condominiums that were reported as closed in the last week, and they were listed on average at $332,100.  Average market time was 152 days. There were 43 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 103 homes or apartments available. The median monthly price is $2,000 and the average price is $2,384 per month. These year round rental opportunities have been on the market an average of 36 days.

There are five seasonal rentals available at this time, and are listed on average at $9,600. The median price is $8,500, and  average market  time is 66 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.

The Featured Home of the Week is at 125 Norton Road in Easton  for $1.29M. See the virtual tour HERE

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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