Norwalk CT Real Estate and Market Report Week of 2/23/2015

BUYER/SELLER ACTION ALERT ON SINGLE FAMILY HOMES CONTINUES,  AND THE CONDO MARKET IS  STILL HOT!: There are now 206 homes that are on the market in Norwalk. The currently available homes have been on the market an average of 130 days and have  a *cumulative market time of 184 days. They are listed at an average price of $1,061,299  and the median list price in Norwalk is currently at  $649,000. The highest priced home for sale in the city is listed at $10,995,000 and the lowest priced home available is $160,000.

Eighteen new listings came on the market this week, and two homes came back on the market after being under deposit. There were 13 properties that had a price change. Sixteen properties have gone under the initial deposit stage, which we call CTS, and 10 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $554,640.

TOWNWIDE DEPOSITS: There are 45 homes under the initial stage of deposit (which we call CTS), and another 52 properties that are scheduled to close, with an  average price of $582,947.

CLOSINGS:  Seven single family homes were reported as sold in the last seven days. These homes had an average list price of $633,357 and were on the market an average of 113 days. There were 76 status changes in the last week.

NORWALK CT CONDOS:  EXTREME BUYER/SELLER ACTION ALERT ON CONDOS- The 95 condominiums that are available in Norwalk are listed at an average price of $354,962 and have been on the market an average of 110 days, with a *cumulative market time of 161 days. The median price of a condo in Norwalk is now $269,900. The highest priced condominium for sale in the city is listed at $2,300,000 and the lowest priced condo/coop available is $96,900.

There were 11 new listings this week, and two homes came back on the market after being under deposit. There was one property that had a price change. In the last week,  eight properties went into CTS status, and nine properties went into pending status, having an average price of $299,225. 

TOWNWIDE DEPOSITS: There are 35 properties in CTS status, and 36 pended properties scheduled to close. Their average price is $258,125.

CLOSINGS: There were 11 condominiums  reported as closed in the last week, and were listed on average at $261,555 and average market time was 99 days. There were 46 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 85 homes or apartments available. The median monthly price is $2,100 and the average price is $2,386 per month. These year round rental opportunities have been on the market an average of 53 days.

There are three seasonal rentals available at this time, and are listed on average at $4,133. The median price is $2,900,  and  average market  time is 65 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?  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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com