Norwalk CT Real Estate Market Update Week of June 26, 2012

 NORWALK CT HOMES:  There has been a slight improvement in the market over the last few weeks. Let's hope it continues. There are now 455 homes that are actively on the market. The currently available homes have been on the market an average of 110 days and are listed at an average price of $757,011, and the median list price in Norwalk remains at $429,450.

The highest priced home for sale in the city is listed at $5,750,000 and the lowest priced home available is $104,900.

Nineteen new listings came on the market this week, and one home came back on the market after being under deposit. There were 23 properties that had a price change. Fifteen 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. Their average price was $524,238.

TOWNWIDE PENDINGS: There are 103 properties scheduled to close, and their average price is $550,650.

CLOSINGS:  Sixteen single family homes were reported as sold in the last seven days. These homes had an average list price of $468,125 and were on the market an average of 121 days. There were 101 status changes in the last week.

NORWALK CT CONDOS: The 222 condominiums that are available in Norwalk are listed at an average price of $316,312 and have been on the market an average of 132 days. The median price of a condo in Norwalk is $230,000. The highest priced condominium for sale in the city is listed at $2,595,000 and the lowest priced condo available is $53,000.

There were eight new listings this week, and four homes came back on the market after being under deposit. There were 10 properties that had a price change. In the last week, seven properties went into CTS status, and nine properties went into pending status. Their average list price was $229,089.

TOWNWIDE PENDINGS: There are 38 properties scheduled to close, and their average price is $217,531.

CLOSINGS: There were four condominiums that were reported as closed in the last week, and they were listed on average at $222,750.  Average market time was 166 days. There were 53 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 149 homes or apartments available. The median monthly price is $1,650 and the average price is $2,266 per month. These year round rental opportunities have been on the market an average of 39 days.

There are two seasonal rentals available at this time, and are listed on average at $7,500. The median price is $7,500, and  average market  time is 34 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.

Buying or Selling a Home in Norwalk? We'd love to represent you.

Feel free to email us here or visit our main  site

www.CThomesAndRealEstate.com

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