Norwalk CT Real Estate Weekly Market Update November 15, 2011

NORWALK CT HOMES: Norwalk continues its seasonal  inventory slide and as of this morning, there are 424 homes that are actively on the market. These homes have been available an average of 128 days and are listed at an average price of $708,337. The median list price in Norwalk is at $424,950.  

The highest priced home for sale in the city is listed at $5,975,000 and the lowest priced home available is $139,900.  

Ten new listings came on the market this week, and five homes  came back on the market after being under deposit.  There were 22 properties that had a price change. Again, this was yet another solid week for deposits, and seven properties have gone under the initial deposit stage, which we call CTS. Ten properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $374,890 and their  market time was 157 days on average.

TOWNWIDE PENDINGS: There are 47 properties scheduled to close, and their average price is $525,447. Their average market time was 150 days.

CLOSINGS:  Seven single family homes were reported sold.  These homes had an average price of $453,257 and  were on the market an average of 147 days. There were 76 status changes in the last week.

NORWALK CT CONDOS:  The 261 condominiums that are available in Norwalk are listed at an average price of $303,405 and have been on the market an average of 135 days, and  the median price of a condo in Norwalk is $229,250. The highest priced condominium for sale in the city is listed at $2,600,000 and the lowest priced condo available is $39,500.

There were two new listings this week, and no homes came back on the market after being under deposit. There were ten properties that had a price change. In the last week, eight properties went into CTS status,  and six properties went into pending status.

TOWNWIDE PENDINGS: There are 24 properties scheduled to close, and their average price is $391,349. Their average market time was 194 days.

CLOSINGS:  There were four condominiums that were reported as closed in the last week, and they were listed on average at $222,725 and  on the market an average of 155 days.  There were 38 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 161 homes or apartments available. The median monthly price is $1,775 and the average price is $2,710 per month. These year round rental opportunities have been on the market an average of 48 days.

There are no seasonal rentals available at this time in Norwalk.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included.

f 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

Norwalk CT Weekly Real Estate Market Report & Update Nov. 8, 2011

NORWALK CT HOMES: Norwalk continues its inventory slide. Available properties have dropped another four and one half percent this past week right on the heels of a five perecnt drop the week before. As of this morning, there are 428 homes that are actively on the market. These homes have been available an average of 128 days and are listed at an average price of $713,729. The median list price in Norwalk is holding  at $429,950.  

The highest priced home for sale in the city is listed at $5,975,000 and the lowest priced home available is $149,900.  

SINGLE FAMILY HOME INVENTORY based upon the current absorption rate: 13.18 months and is up slightly from last week. The goal for a neutral market in Norwalk  is about six months.

Nine new listings came on the market this week, and no homes  came back on the market after being under deposit.  There were 17 properties that had a price change. Again, this was yet another solid week for deposits, and nine  properties have gone under the initial deposit stage, which we call CTS. Nine properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $343,785 and their  market time was 134 days on average..

CLOSINGS:  It was a great week for sales! Fifteen single family homes were reported sold.  These homes had an average price of $519,380 and  were on the market an average of 133 days. There were 92 status changes in the last week.

NORWALK CT CONDOS:  The 269 condominiums that are available in Norwalk are listed at an average price of $301,169 and have been on the market an average of 131 days, although the median price of a condo in Norwalk has dropped slightly to $229,250. The highest priced condominium for sale in the city is listed at $2,600,000 and the lowest priced condo available is $39,500.

CONDOMINIUM  INVENTORY based upon the current absorption rate: 19.80 months, and down slightly from last week. The goal for a neutral condominium market in Norwalk is about eight months.

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

CLOSINGS:  There were four condominiums that were reported as closed in the last week, and they were listed on average at $232,200 and  on the market an average of 225 days.  There were 43 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 152 homes or apartments available. The median monthly price is $1,725 and the average price is $2,771 per month. These year round rental opportunities have been on the market an average of 48 days.

There are no seasonal rentals available at this time in Norwalk.

f 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

Norwalk CT Real Estate Market Weekly Report & Update 11/1/11

NORWALK CT HOMES: Inventory has dropped a whopping five percent in one week! As of this morning, there are 443 homes that are actively on the market. These homes have been available an average of 128 days and are listed at an average price of $715,744. The median list price in Norwalk is now at $429,950.  

The highest priced home for sale in the city is listed at $5,975,000 and the lowest priced home available is $145,166.  

SINGLE FAMILY HOME INVENTORY based upon the current absorption rate: 13.74 months and is down from last week. The goal for a neutral market in Norwalk  is about six months.

Thirteen new listings came on the market this week, and two homes  came back on the market after being under deposit.  There were 10 properties that had a price change. Again, this was yet another solid week for deposits, and seven  properties have gone under the initial deposit stage, which we call CTS. Ten properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $609,022 and their  market time was 102 days on average..

CLOSINGS:  It was a great week! Fifteen single family homes were reported sold.  These homes had an average price of $447,980 and  were on the market an average of 130 days. There were 86 status changes in the last week.

NORWALK CT CONDOS:  The 278 condominiums that are available in Norwalk are listed at an average price of $304,456 and have been on the market an average of 132 days, although the median price of a condo in Norwalk has dropped slightly to $230,750. The highest priced condominium for sale in the city is listed at $2,650,000 and the lowest priced condo available is $39,500.

CONDOMINIUM  INVENTORY based upon the current absorption rate: 20.18 months, and up again from last week. The goal for a neutral condominium market in Norwalk is about eight months.

There were four new listings this week, and one home came back on the market after being under deposit. There were seven properties that had a price change. In the last week, three properties went into CTS status,  and four properties went into pending status at an average price of $311,175 after being on the market for 317 days.

CLOSINGS:  There were seven condominiums that were reported as closed in the last week, and they were listed on average at $303,971 and  on the market an average of 127 days.  There were 36 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 150 homes or apartments available. The median monthly price is $1,847 and the average price is $2,983 per month. These year round rental opportunities have been on the market an average of 48 days.

There are no seasonal rentals available at this time in Norwalk.

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.

f 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

Norwalk CT - Real Estate Market Statistics Weekly Report - October 25, 2011

NORWALK CT HOMES: Inventpry is exactly the same as last week. The median list price in Norwalk is now at $429,950.  As of this morning, there are still 465 homes that are actively on the market. These homes have been available an average of 125 days and are listed at an average price of $716,294.

The highest priced home for sale in the city is listed at $5,975,000 and the lowest priced home available is $149,900.  

SINGLE FAMILY HOME INVENTORY based upon the current absorption rate: 14.74 months. The goal for a neutral market in Norwalk  is about six months.

Twelve new listings came on the market this week, and three homes  came back on the market after being under deposit.  There were 21 properties that had a price change. Again, this was yet another solid week for deposits, and twelve properties have gone under the initial deposit stage, which we call CTS. 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 $447,843 and their  market time was 97 days on average..

There are 48 pending single family homes townwide, and their average price was $505,985 and they were on the market for 146 days.

CLOSINGS:  Ten single family homes were reported sold this past  week.  These homes had an average price of $408,660 and  were on the market an average of 92 days. There were 80 status changes in the last week.

NORWALK CT CONDOS:  The 278 condominiums that are available in Norwalk are listed at an average price of $304,338 and have been on the market an average of 134 days, although the median price of a condo in Norwalk is has dropped slightly to $231,950. The highest priced condominium for sale in the city is listed at $2,650,000 and the lowest priced condo available is $39,500.

CONDOMINIUM  INVENTORY based upon the current absorption rate: 18.91 months, and up ever so slightly from last week. The goal for a neutral condominium market in Norwalk is about eight months.

There were eight new listings this week, and one home came back on the market after being under deposit. There were nine properties that had a price change. In the last week, six properties went into CTS status,  and seven properties went into pending status at an average price of $262,811 after being on the market for 170 days.

There are currently 23 condos in pending status townwide and are waiting to close. Their average price was $286,759 and they were on the market an average of 146 days.

CLOSINGS:  There were three condominiums that were reported as closed in the last week, and they were listed on average at $261,333 and  on the market an average of 228* days.  There were 39 status changes for the week. (*One property was on the market for 818 days before it closed, and skewed that statistic and the market time as noted is a truer representation,  however just an estimate.)

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 145 homes or apartments available. The median monthly price is $1,850 and the average price is $2,976 per month. These year round rental opportunities have been on the market an average of 48 days.

There are no seasonal rentals available at this time in Norwalk.

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.

f 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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Norwalk CT - Weekly Real Estate Market Statistics Report - October 18, 2011

NORWALK CT HOMES: We've had a decent week in sales and projected sales, but the marekt seems somewhat sporadic and a little on the volatile side.  The changes occurring week by week, and they indicate a somewhat slower market ahead. It is not the same market that it was earlier this year. Hopefullty that will change come 2012.

The median list price in Norwalk has dropped again ever so slightly after remaining fairly constant for the past few weeks to where it is now at $430,000.  As of this morning, there are 465 homes that are actively on the market. These homes have been available an average of 121 days and are listed at an average price of $720,137.

The highest priced home for sale in the city is listed at $5,975,000 and the lowest priced home available is $149,900.  

SINGLE FAMILY HOME INVENTORY based upon the current absorption rate: 14.26 months. The goal for a neutral market in Norwalk  is six months.

Just five new listings came on the market this week, and two homes  came back on the market after being under deposit.  There were 17 properties that had a price change. Again, this was yet another solid week for deposits, and seventeen properties have gone under the initial deposit stage, which we call CTS, and ten properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $551,400 and their  market time was 168 days on average..

CLOSINGS:  Eight  single family homes were reported sold this past  week.  These homes had an average price of $403,900 and  were on the market an average of 85 days. There were 77 status changes in the last week.

NORWALK CT CONDOS:  The 277 condominiums that are available in Norwalk are listed at an average price of $307,232 and have been on the market an average of 134 days, although the median price of a condo in Norwalk is still fairly consistent at $234,500. The highest priced condominium for sale in the city is listed at $2,650,000 and the lowest priced condo available is $39,500.

CONDOMINIUM  INVENTORY based upon the current absorption rate: 17.80 months, and virtually unchanged from last week. The goal for a neutral condominium market in Norwalk is about eight months.

There were eight new listings this week, and one home came back on the market after being under deposit. There were 21 properties that had a price change. In the last week, six properties went into CTS status,  and four properties went into pending status after being on the market for 170 days.

CLOSINGS:  There were four condominiums that were reported as closed in the last week, and they were listed on average at $319,750 and  on the market an average of 154 days.  There were 54 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 137 homes or apartments available. The median monthly price is $1,850 and the average price is $3,009 per month. These year round rental opportunities have been on the market an average of 47 days.

There are no seasonal rentals available at this time in Norwalk.

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.

f 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