Norwalk CT Housing and Real Estate Market Report Week of 4/28/14

BUYER/SELLER ACTION ALERT The Spring market is in full bloom, but these ratios are certain not to continue at this wonderfully brisk pace.   Inventory is not growing fast enough- There are just 288 homes that are on the market in Norwalk.

The currently available homes have been on the market an average of 89 days and have  a *cumulative market time of 137 days. They are listed at an average price of $998,823  and the median list price in Norwalk is currently at  $622,950.

 The highest priced home for sale in the city is listed at $10,950,000 and the lowest priced home available is $189,000.

Thirty-nine new listings came on the market this week, and five homes came back on the market after being under deposit. There were 24 properties that had a price change. Twenty-four properties have gone under the initial deposit stage, which we call CTS, and 12 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $663,656.

TOWNWIDE DEPOSITS: There are 83 homes under the initial stage of deposit (which we call CTS), and another 82 properties that are scheduled to close, with an  average price of $627,474.

CLOSINGS:  Nine single family homes were reported as sold in the last seven days. These homes had an average list price of $449,311 and were on the market an average of 86 days. There were 113 status changes in the last week.

NORWALK CT CONDOS: The 139 condominiums that are available in Norwalk are listed at an average price of $352,524 and have been on the market an average of 81 days, with a *cumulative market time of 129 days. The median price of a condo in Norwalkis also up to $287,500. The highest priced condominium for sale in the city is listed at $2,495,000 and the lowest priced condo available is $19,000.

There were 20 new listings this week, and two homes came back on the market after being under deposit. There were 11 properties that had a price change. In the last week, 13 properties went into CTS status, and six properties went into pending status.

TOWNWIDE DEPOSITS: There are 41 properties in CTS status, and 32 pended properties scheduled to close. Their average price is $262,925.

CLOSINGS: There were eight condominiums  reported as closed in the last week, and were listed on average at $281,950, and average market time was 88 days. There were 65 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are  98 homes or apartments available. The median monthly price is $1,800 and the average price is $2,209 per month. These year round rental opportunities have been on the market an average of 40 days.

There are two seasonal rentals available at this time, and are listed on average at $5,100. The median price is $5,100,  and  average market  time is 9 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

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 

 Email us or  call Toll Free (855) GET-JUDY

Norwalk CT Real Estate Market Statistics Report 5/24/11

The Norwalk real estate market is continuing to perform at a fairly steady pace, and remains one of the area's most predictable real estate markets, and I cannot say that for other towns  The  active  listing "price pockets" enjoying the most activity in Norwalk are between 350-400k, and between 500-600k  and still represent approximately 11 and 13 percent of the single family real estate market respectively.  Overall, Norwalk is great for both buyers and sellers. Strike while the iron is still hot, and  get your home before the inventory gets too low to have your pick.

NORWALK CT HOMES: The median list price in Norwalk  is $465,750.  As of this morning, there are 491 homes actively on the market for  96 days and are listed at an average of $796,004. Twenty-three  new listings came on the market this week, and two homes  came back on the market after being under deposit.  There were  15 properties that had a price change. This week, 20 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. CLOSINGS: A total of eight single family homes sold this past  week.These homes had an average price of $541,500, and  were on the market an average of 104 days. There were 99 status changes in the last week.

NORWALK CT CONDOS:  The 291 condominiums that are available in Norwalk have been  listed an average price of $306,932 and have been on the market an average of 117 days, although the median price of a condo in Norwalk is consistent at $229,000.  Just over 20% of all the condominium activity is within the 200-250k range. There were six new listings, and two homes came back on the market. There were 13 properties that had a price change. In the last week, nine properties went into CTS status,  and five  properties went into pending status. CLOSINGS:  There were three condominiums that closed in the last week at an average price of $316,600 and were on the market an average of 217 days. There were 44 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 115 homes or apartments available. The median monthly price is $1,500 and the average price is $2,309 per month. These year round rental opportunities have been on the market an average of 46 days.

There are only seven seasonal rentals  available throughout Norwalk, and they have been on the market an average of 71 days, and at an average price of $24,571. The median  price of both furnished and unfurnished seasonal rentals is now $14,500.

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

Norwalk CT Real Estate Market Report 5/17/11

The Norwalk real estate market is continuing to perform at a fairly steady pace, and remains one of the area's most predictable real estate markets.The  active  listing "price pockets" enjoying the most activity in Norwalk are between 350-400k, and between 500-600k  and represent 11 and 13 percent of the single family real estate market respectively. However, right now, the 350-400k price pocket is selling slightly better.

NORWALK CT HOMES: The median list price in Norwalk  is $467,500.  As of this morning, there are 498 homes actively on the market for  95 days and are listed at an average of $798,233. 26 new listings came on the market this week, and seven homes  came back on the market after being under deposit.  There were  28 properties that had a price change. This week, 23 properties have gone under the initial deposit stage, which we call CTS, and 13 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: A total of 13 single family homes sold this past  week, and that's nearly twice as many that sold last week. These homes had an average price of $554,208, and  were on the market an average of 99 days. There were 125 status changes in the last week.

NORWALK CT CONDOS:  The 290 condominiums that are available in Norwalk have been  listed an average price of $308,106 and have been on the market an average of 112 days, although the median price of a condo in Norwalk is $229,475.  Just over 20% of all the condominium activity is within the 200-250k range. There were 12 new listings, and no homes came back on the market. There were 18 properties that had a price change. In the last week, nine properties went into CTS status,  and five  properties went into pending status. CLOSINGS:  There were three condominiums that closed in the last week at an average price of $152,600 and were on the market an average of 114 days. There were 55 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 103 homes or apartments available. The median monthly price is $1,530 and the average price is $2,391 per month. These year round rental opportunities have been on the market an average of 49 days.

There are only nine seasonal rentals  available throughout Norwalk, and they have been on the market an average of 56 days, and at an average price of $21,344. The median  price of both furnished and unfurnished seasonal rentals is now $11,500.

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

Norwalk CT Real Estate Weekly Market Report 5/3/11

NORWALK CT HOMES: I am pleased to report that the Norwalk real estate market is performing well, and is experiencing one of the steadiest markets in our area over the last few weeks. Wonderful!

The median list price in Norwalk  is $459,450.  As of this morning, there are 463 homes actively on the market for  98 days and are listed at an average of $807,356. 29 new listings came on the market this week, including four homes that came back on the market after being under deposit.  There were  19 properties that had a price change. This week, 19 properties have gone under the initial deposit stage, which we call CTS, and 12 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: A total of 12 single family homes sold this past  week, and they had an average price of $562,149, and  were on the market an average of 86 days. There were 109 status changes in the last week.

NORWALK CT CONDOS: The median price of a condo in Norwalk is $227,450. The 278 condominiums that are available have been  listed an average price of $312,240 and have been on the market an average of 116 days. There were 21 new listings, and two homes came back on the market. There were 11 properties that had a price change. In the last week, four properties went into CTS status,  and six  properties went into pending status. CLOSINGS:  There were eight condominiums that closed in the last week at an average price of $259,238 and were on the market an average of 101 days. There were 67 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 50 homes or apartments available. The median monthly price is $1,460 and the average price is $2,129 per month. These year round rental opportunities have been on the market an average of 49 days.

There are only 11 seasonal rentals  available throughout Norwalk, and they have been on the market an average of 46 days, and at an average price of $19,663 The median  price of both furnished and unfurnished seasonal rentals is $11,500.

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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