Norwalk CT Housing and Real Estate Market Report Week of 9/30/14

 There are now 326 homes that are on the market in Norwalk. The currently available homes have been on the market an average of 112 days and have  a *cumulative market time of 147 days. They are listed at an average price of $942,874  and the median list price in Norwalk is currently at  $617,000.The highest priced home for sale in the city is listed at $10,950,000 and the lowest priced home available is $140,000.

Twenty-five new listings came on the market this week, and three homes came back on the market after being under deposit. There were 34 properties that had a price change. Fourteen properties have gone under the initial deposit stage, which we call CTS, and 22 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $841,250.

TOWNWIDE DEPOSITS: There are 55 homes under the initial stage of deposit (which we call CTS), and another 64 properties that are scheduled to close, with an  average price of $749,320.

CLOSINGS:  Thirteen single family homes were reported as sold in the last seven days. These homes had an average list price of $440,100 and were on the market an average of 101 days. There were 123 status changes in the last week.

NORWALK CT CONDOS: The 137 condominiums that are available in Norwalk are listed at an average price of $361,567 and have been on the market an average of 116 days, with a *cumulative market time of 168 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 11 new listings this week, and two homes came back on the market after being under deposit. There were five properties that had a price change. In the last week, nine properties went into CTS status, and four properties went into pending status, having an average price of $505,500.

TOWNWIDE DEPOSITS: There are 34 properties in CTS status, and 38 pended properties scheduled to close. Their average price is $302,361.

CLOSINGS: There were five condominiums  reported as closed in the last week, and were listed on average at $267,560, and average market time was 77 days. There were 48 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 144 homes or apartments available. The median monthly price is $2,000 and the average price is $2,508 per month. These year round rental opportunities have been on the market an average of 37 days.

There are seven seasonal rentals available at this time, and are listed on average at $5,664. The median price is $5,000,  and  average market  time is 44 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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