Norwalk CT Real Estate Market Report Week of December 10, 2012
NORWALK CT HOMES: There is a steady seasonal slide downward of available homes, and there are now 259 homes that are on the market in Norwalk. The currently available homes have been on the market an average of 146 days and have a *cumulative market time of 230 days. They are listed at an average price of $822,794 and the median list price in Norwalk is now $499,900.
The highest priced home for sale in the city is listed at $12,900,000 and the lowest priced home available is $149,900.
Sixteen new listings came on the market this week, and four homes came back on the market after being under deposit. There were 10 properties that had a price change. Sixteen 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. Their average price was $541,558.
TOWNWIDE DEPOSITS: There are 33 homes under the initial stage of deposit (which we call CTS), and another 92 properties that are scheduled to close, with an average price of $519,745.
CLOSINGS: Eight single family homes were reported as sold in the last seven days. These homes had an average list price of $688,961 and were on the market an average of 115 days. There were 81 status changes in the last week.
NORWALK CT CONDOS: The 141 condominiums that are available in Norwalk are listed at an average price of $266,307 and have been on the market an average of 150 days, with a *cumulative market time of 321 days. The median price of a condo in Norwalk is $234,900. The highest priced condominium for sale in the city is listed at $1,200,000 and the lowest priced condo available is $25,000.
There were four new listings this week, and two homes came back on the market after being under deposit. There were six properties that had a price change. In the last week, five properties went into CTS status, and three properties went into pending status. Their average list price was $266,300.
TOWNWIDE DEPOSITS: There are 11 properties in CTS status, and 28 pended properties scheduled to close. Their average price is $244,193.
CLOSINGS: There were five condominiums that were reported as closed in the last week, and they were listed on average at $428,760. Average market time was 105 days. There were 32 status changes for the week.
RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 109 homes or apartments available. The median monthly price is $1,800 and the average price is $2,179 per month. These year round rental opportunities have been on the market an average of 47 days.
There are 10 seasonal rentals available at this time, and are listed on average at $4,918. The median price is $4,000, and average market time is 37 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.
The Featured Home of the Week is at 125 Norton Road in Easton for $1.4M. See the virtual tour HERE
Buying or Selling a Home in Norwalk? Contact us!
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
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