Norwalk CT Year to Date real estate market information & advice

Norwalk's real estate market is fairly steady, just as the weekly reporting has shown. Year to date, there have been 165 sales, and although not quite as good as last year's 187 sales at this point, it beats 2009, and 2008. The highest sales figures for this time period in the five years is 282 in 2006. Norwalk is one of the safer bets in Fairfield County. I would rate Norwalk a "B+".

The fast stats?    

Year to date 2 bedroom home sales average list price $489,770 and the average sales price is $ 458,791(17 sales reported)

Year to date 3 bedroom home sales average list price $499,796 and the average sales price is $ 475,842 (80 sales reported)

 Year to date 4 bedroom home sales average list price is $ 758,934 and the average sales price is $716,009 (52 sales reported)

Year to date 5 bedroom home sales average list price is $1,337,692 and the average sales price is $1,218,714  ( 14 sales reported)

Norwalk condo sales have been consistent at 75units this year so far, with an average list price of $ 393,282 and average sales price of $371,927. Total year to date single family home sales are 165 compared to:
2010 -187
2009 -126
2008 -145
2007 -248
2006 -282

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 Market Statistics Report 5/10/11

NORWALK CT HOMES: The Norwalk real estate market is continuing to perform at a fairly steady pace, and right now, is one of the area's most predictable real estate markets.

The median list price in Norwalk  is $462,000.  As of this morning, there are 476 homes actively on the market for  97 days and are listed at an average of $805,153. 29 new listings came on the market this week, including four homes that came back on the market after being under deposit.  There were  17 properties that had a price change. This week, 17 properties have gone under the initial deposit stage, which we call CTS, and 16 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: A total of seven single family homes sold this past  week, and they had an average price of $544,957, and  were on the market an average of just 49 days. There were 102 status changes in the last week.

NORWALK CT CONDOS: The median price of a condo in Norwalk is $224,357. The 281 condominiums that are available have been  listed an average price of $306,810 and have been on the market an average of 113 days. There were 11 new listings, and no homes came back on the market. There were eight properties that had a price change. In the last week, 12 properties went into CTS status,  and seven  properties went into pending status. CLOSINGS:  There were three condominiums that closed in the last week at an average price of $318,000 and were on the market an average of 202 days. There were 53 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 111 homes or apartments available. The median monthly price is $1,525 and the average price is $2,233 per month. These year round rental opportunities have been on the market an average of 49 days.

There are only ten seasonal rentals  available throughout Norwalk, and they have been on the market an average of 52 days, and at an average price of $21,210. The median  price of both furnished and unfurnished seasonal rentals is $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.

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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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