Norwalk CT Weekly Real Estate and Market Report 8/7/13

NORWALK CT HOMES: There are now 295 homes that are  on the market in Norwalk. The currently available homes have been on the market an average of 102 days and have  a *cumulative market time of 142 days. They are listed at an average price of $943,231  and the median list price in Norwalk is  at  $569,000.

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

Twenty-two new listings came on the market this week, and five homes came back on the market after being under deposit. There were 31 properties that had a price change. Seventeen properties have gone under the initial deposit stage, which we call CTS, and 24 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $509,133.

TOWNWIDE DEPOSITS: There are 51 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 $467,077.

CLOSINGS:  Seventeen  single family homes were reported as sold in the last seven days. These homes had an average list price of $572,635 and were on the market an average of 132 days. There were 134 status changes in the last week.

NORWALK CT CONDOS: The 129 condominiums that are available in Norwalk are listed at an average price of $322,074 and have been on the market an average of 116 days, with a *cumulative market time of 187 days. The median price of a condo in Norwalk is $250,000. 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 10 new listing this week, and one home came back on the market after being under deposit. There were nine properties that had a price change. In the last week, 12 properties went into CTS status, and nine properties went into pending status.

TOWNWIDE DEPOSITS: There are 39 properties in CTS status, and 48 pended properties scheduled to close. Their average price is $263,065.

CLOSINGS: There were 13 condominiums that were reported as closed in the last week, and they were listed on average at $296.969.  Average market time was 127 days. There were 58 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 106 homes or apartments available. The median monthly price is $1,925 and the average price is $2,339 per month. These year round rental opportunities have been on the market an average of 66 days.

There are four seasonal rentals available at this time, and are listed on average at $14,000. The median price is $13,750, 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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