Norwalk CT Real Estate Sales Report for February 2011

There were 23 sales in Norwalk that were reported to the MLS.  The average List price was $690,365 and the average sale price was $650,648 and market time for these listings to sell was 144 days. On average, the sale price to list price ratio for sold listings was 94.2%

There were 12 condo sales in February. The average list price was $264,150 and the sale price was $252,988 representing a 95.8% list price to sale price ratio. Average market time for condo sales was 154 days.

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Norwalk CT Weekly Listing & Market Statistics Report 2/28/11

NORWALK CT HOMES:  The activity just keeps getting better and better! Properties that sat on the market are now starting to sell, and this is a banner week for Norwalk. There are currently 359 homes on the market for an average of $752,790 that have been on the market 119 days. There were15 new listings and 2 homes came back on the market after being under deposit.   16 Properties had a price change. In the last week,  17 properties have gone under deposit, which is what we call CTS. This means that the property just took a binder, but all the contingencies have not yet been met.8 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. The 9 properties that closed in the last week had an average price of $768,533 and were on the market an average of 237 days. There were 78 status changes.

NORWALK CT CONDOS: There are currently 218 condominiums on the market listed at an average price  of $316,980 and they have been on the market  an average of 136 days. There were 15 new listings and 1  property came back on the market. 8 Properties had a price change. In the last week,  4 properties went into CTS status,  and 5 properties went into pending status. The 4 properties  that closed in the last week had an average price of $218,700 and were on the market  an average of 254 days. There were 48 status changes.

There are currently 167 rental opportunities in Norwalk at an average monthly price of $2181, and they have been on the market an average of 61 days.





Norwalk CT Weekly Real Estate Market and Statistics 2/22/11

NORWALK CT HOMES: Norwalk's Market is picking up! There are currently 350 homes on the market for an average of %760,176 that have been on the market 121 days. There were just 7 new listings and 1 home came back on the market after being under deposit.   10 Properties had a price change. In the last week,  12 properties have gone under deposit, which is what we call CTS. This means that the property just took a binder, but all the contingencies have not yet been met. 5 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. The 5 properties that closed in the last week had an average price of $496,960 and were on the market an average of 70 days. There were 57 status changes.

NORWALK CT CONDOS: There are currently 212 condominiums on the market listed at an average price  of $313,462 (that's about a  an average price drop of $20,000 from last week!) and they have been on the market  an average of 141 days. There were 6 new listings and no  properties came back on the market. 97 Properties had a price change. In the last week,  5 properties went into CTS status,  and 4 properties went into pending status. The 2 properties  that closed in the last week had an average price of $404,000 and were on the market  an average of 35 days. There were 36 status changes.

There are currently 172 rental opportunities in Norwalk at an average monthly price of $2253





The RealTrender Report for Norwalk Connecticut Real Estate

"The RealTrender Report" is a  market snapshot of Norwalk CT real estate sales. The idea of the 45 day report came from the Federal Reserve Banks, who submit an economic climate report every 45 days, and its commonly referred to as The Beige Book. I've though that that time period was important enough to be recognized by banks, that I should recognize that as a real estate agent as well. So here are the quick details. And, yes, I'd love to talk to you when you are ready  to buy a home, or sell your  home!

Weekly Norwalk CT Real Estate Market Update 2/15/11

NORWALK CT HOMES: There are currently 354 homes on the market for an average of 775,968 that have been on the market 121 days. There were 17  new listings and 3 homes came back on the market after being under deposit.   13 Properties had a price change. In the last week,  13 properties have gone under deposit, which is what we call CTS. This means that the property just took a binder, but all the contingencies have not yet been met. 2 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. The 7 properties that closed in the last week had an average price of 808,400 and were on the market an average of 100 days.There were 65 status changes.

NORWALK CT CONDOS: There are currently 212 condominiums on the market listed at an average price  of 332,894 and they have been on the market  an average of 140 days. There were 10 new listings and no  properties came back on the market. 9  Properties had a price change. In the last week,  6 properties went into CTS status,  and 7 properties went into pending status. That's a significant increase from the prior week, adn all signs point to SELL! The 2 properties  that closed in the last week had an average price of 304,450 and were on the market  an average of 84 days. There were 43 status changes.

There are currently 180 rental opportunities in Norwalk at an average monthly price of 2349.