Norwalk CT Housing and Real Estate Market Report Week of 5/5/15

EXTREME BUYER/SELLER ACTION ALERT ON SINGLE FAMILY HOMES CONTINUES,  AND THE CONDO MARKET IS  STILL HOT!: There are now 306 homes that are on the market in Norwalk. The currently available homes have been on the market an average of 83 days and have  a *cumulative market time of 125 days. They are listed at an average price of $968,034  and the median list price in Norwalk is currently at  $634,750. The highest priced home for sale in the city is listed at $10,995,000 and the lowest priced home available is $145,00.

Thirty-eight new listings came on the market this week, and seven homes came back on the market after being under deposit. There were 20 properties that had a price change. Thirty-seven properties have gone under the initial deposit stage, which we call CTS, and 14 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $602,952.

TOWNWIDE DEPOSITS: There are 101 homes under the initial stage of deposit (which we call CTS), and another 70 properties that are scheduled to close, with an  average price of $599,341.

CLOSINGS:  Twenty single family homes were reported as sold in the last seven days. These homes had an average list price of $595,305 and were on the market an average of 109 days. There were 147 status changes in the last week.

NORWALK CT CONDOS:  EXTREME BUYER/SELLER ACTION ALERT ON CONDOS- The 107 condominiums that are available in Norwalk are listed at an average price of $350,485 and have been on the market an average of 85 days, with a *cumulative market time of 134 days. The median price of a condo in Norwalk is now $286,500. The highest priced condominium for sale in the city is listed at $2,300,000 and the lowest priced condo/coop available is $74,900.

There were 13 new listings this week, and no homes came back on the market after being under deposit. There were eight properties that had a price change. In the last week,  11 properties went into CTS status, and four properties went into pending status, having an average price of $295,725. 

TOWNWIDE DEPOSITS: There are 40 properties in CTS status, and 37 pended properties scheduled to close. Their average price is $331,168.

CLOSINGS: There were 10 condominiums  reported as closed in the last week, and were listed on average at $279,950 and average market time was 107 days. There were 48 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 82 homes or apartments available. The median monthly price is $1,875 and the average price is $2,437 per month. These year round rental opportunities have been on the market an average of 31 days.

There are just two seasonal rentals available at this time, and teh averag eprice is $7,650. 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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