Norwalk CT Real Estate Market Statistics Weekly Report - 6/21/2011

NORWALK CT HOMES: The median list price in Norwalk  is $452,000.  As of this morning, there are 492  homes actively on the market for  101 days and are listed at an average of $771,513. 

The highest priced home for sale in the city is listed at $5,490,000 and the lowest priced home available is $189,900. Three bedroomhomes comprise over 41 percent of the entire inventory available throughout the city, and their average price is $565,120.

Twenty-four new listings came on the market this week, including one home  came back on the market after being under deposit.  There were  26  properties that had a price change. This week, 14  properties have gone under the initial deposit stage, which we call CTS, and 17 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: A total of twelve single family homes sold this past  week.These homes had an average price of $924,400, and  were on the market an average of 156 days. There were 112 status changes in the last week.

NORWALK CT CONDOS:  The 291 condominiums that are available in Norwalk have been  listed an average price of $307,164 and have been on the market an average of 121 days, although the median price of a condo in Norwalk is consistent at $229,450. Nearly 56 percent of all the condos available in Norwalk are two bedroom units, with an average list price of $303,829.

The highest priced condominium for sale in the city is listed at $2,600,000 and the lowest priced condo available is $49,500.

There were ten new listings, and one home came back on the market. There were 16 properties that had a price change. In the last week, four properties went into CTS status,  and seven  properties went into pending status. CLOSINGS:  There were seven condominiums that closed in the last week at an average price of $214,358 and they were on the market an average of 81 days. There were 52 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 108 homes or apartments available. The median monthly price is $1,747 and the average price is $2,514 per month. These year round rental opportunities have been on the market an average of 38 days.

There are just two seasonal rentals available throughout Norwalk, and they have been on the market an average of 56 days, and at an average price of $8,375. The median  price of both furnished and unfurnished seasonal rentals is also $8,375.

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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