Norwalk CT Housing and Real Estate Market Report Week of 12/24/13

There's been quite a drop in inventory over last week- there are now 217 homes that are  on the market in Norwalk. The currently available homes have been on the market an average of 123 days and have  a *cumulative market time of 167 days. They are listed at an average price of $825,964  and the median list price in Norwalk is  at  $500,000.

 The highest priced home for sale in the city is listed at $10,950,000 and the lowest priced home available is $152,000.

Eight new listings came on the market this week, and two homes came back on the market after being under deposit. There were six properties that had a price change. Eleven properties have gone under the initial deposit stage, which we call CTS, and seven properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $514,714.

TOWNWIDE DEPOSITS: There are 47 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 $433,000.

CLOSINGS:  Fourteen single family homes were reported as sold in the last seven days. These homes had an average list price of $424,816 and were on the market an average of 119 days. There were 119 status changes in the last week.

NORWALK CT CONDOS: The 111 condominiums that are available in Norwalk are listed at an average price of $284,377 and have been on the market an average of 133 days, with a *cumulative market time of 184 days. The median price of a condo in Norwalk is $239,000. The highest priced condominium for sale in the city is listed at $1,675,000 and the lowest priced condo available is $19,000.

There were four 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,  five properties went into CTS status, and six properties went into pending status.

TOWNWIDE DEPOSITS: There are 18 properties in CTS status, and 31 pended properties scheduled to close. Their average price is $272,136.

CLOSINGS: There were seven condominiums that were reported as closed in the last week, and they were listed on average at $317,643.  Average market time was 118 days. There were 38 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are  95 homes or apartments available. The median monthly price is $1,925 and the average price is $2,250 per month. These year round rental opportunities have been on the market an average of 51 days.

There are four seasonal rentals available at this time, and are listed on average at $5,800. The median price is $5,450, and  average market  time is 95 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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The Featured Home of the Week is a 3 bedroom, 2 bath ranch home at 20 Hickory Drive, Westport  for just $549,900. See the virtual tour HERE 

 .....or better yet, call Judy to schedule an appointment to see it!

 ** Get JUDY'S Exclusive BONUS For New HomeBuyers! CLICK 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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