Norwalk CT Housing and Real Estate Market Report Week of 9/14/14

BUYER/SELLER ACTION ALERT The market continues to be good here, and Norwalk is still enjoying a brisk pace for this time of year. There are now 322 homes that are on the market in Norwalk.

The currently available homes have been on the market an average of 114 days and have  a *cumulative market time of 149 days. They are listed at an average price of $953,822  and the median list price in Norwalk is currently at  $629,000.

The highest priced home for sale in the city is listed at $10,950,000 and the lowest priced home available is $154,900.

Twenty-six new listings came on the market this week, and seven homes came back on the market after being under deposit. There were 29 properties that had a price change. Fifteen 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 $992,229.

TOWNWIDE DEPOSITS: There are 61 homes under the initial stage of deposit (which we call CTS), and another 57 properties that are scheduled to close, with an  average price of $688,502.

CLOSINGS:  Fourteen single family homes were reported as sold in the last seven days. These homes had an average list price of $503,949 and were on the market an average of 100 days. There were 127 status changes in the last week.

NORWALK CT CONDOS: The 145 condominiums that are available in Norwalk are listed at an average price of $362.797 and have been on the market an average of 114 days, with a *cumulative market time of 167 days. The median price of a condo in Norwalk is now $289,900. The highest priced condominium for sale in the city is listed at $2,495,000 and the lowest priced condo/coop available is $19,000.

There were 14 new listings this week, and three homes came back on the market after being under deposit. There were six properties that had a price change. In the last week, eight properties went into CTS status, and nine properties went into pending status.

TOWNWIDE DEPOSITS: There are 31 properties in CTS status, and 35 pended properties scheduled to close. Their average price is $225,540.

CLOSINGS: There were five condominiums  reported as closed in the last week, and were listed on average at $291,799, and average market time was 89 days. There were 55 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 137 homes or apartments available. The median monthly price is $2,100 and the average price is $2,645 per month. These year round rental opportunities have been on the market an average of 36 days.

There are six seasonal rentals available at this time, and are listed on average at $4,858. The median price is $4,475,  and  average market  time is 36 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.

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 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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