Norwalk CT Real Estate Market Weekly Update February 28, 2012

NORWALK CT HOMES: There are 360 homes that are actively on the market, and although the amount of homes seems to be holding steady, you can begin to expect that more homes will be coming on the market in the weeks ahead. These available homes have been on the market an average of 121 days and are listed at an average price of $676,221. The median list price in Norwalk is $414,250.

The highest priced home for sale in the city is listed at $4,500,000 and the lowest priced home available is $105,000.

Seventeen new listings came on the market this week, and three homes came back on the market after being under deposit. There were seventeen properties that had a price change. Ten properties have gone under the initial deposit stage, which we call CTS, and twelve properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $454,500.

TOWNWIDE PENDINGS: There are 57 properties scheduled to close, and their average price is $541,610.

CLOSINGS: Four single family homes were reported sold. These homes had an average list price of $316,975 and were on the market an average of 107 days. There were 78 status changes in the last week.

NORWALK CT CONDOS: The 212 condominiums that are available in Norwalk are listed at an average price of $282,564 and have been on the market an average of 138 days. The median price of a condo in Norwalk is $209,250. 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 four 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, four properties went into CTS status, and six properties went into pending status. Their average list price was $227,633.

TOWNWIDE PENDINGS: There are 23 properties scheduled to close, and their average price is $231,017.

CLOSINGS: There were five condominiums that were reported as closed in the last week, and their average list price was $197,699. They were on the market an average of 105 days. There were 34 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 168 homes or apartments available. The median monthly price is $1,685 and the average price is $2,233 per month. These year round rental opportunities have been on the market an average of 59 days.

There is one seasonal rental available at this time, and it  is listed at $7,500.

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.

If you need a REALTOR, or 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