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norwalk: NORWALK - Current Market - Dec. 15 Snapshot - 12/15/07 10:32 PM
This is the Norwalk's Current Market Snapshot as of December 15, 2007.
While on November 2 we had 371 Single Family ACTIVE units with a Median Listing Price of $585,000 and an Average DOM of 103 days, today we have 335 SF units with a MLP of $579,900 and Avg. DOM of 114 days. This represents a reduction of less than 1% in terms of MLP.
The Median Listing Price for NEW LISTINGS of Single Family homes today is 18.08% lower than those listed on Nov. 02.
Single Family homes in Norwalk today UNDER CONTRACT have a Median Listing Price of 15.34% lower than … (0 comments)
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norwalk: SoNo - South Norwalk, CT - 10/07/07 05:05 PM
SoNo - South Norwalk, CT
Current revitalization projects in place including new condominiums, fancy restaurants and entertainment options in this once industrial area, SoNo - South Norwalk has represented an interesting new option for restaurants and bars along Washington St. However to attract Executives to bring to town new stores and offices, Norwalk will need to provide larger retail spaces and parking facilities.
Construction may begin as soon as this winter on a major piece of redevelopment that may help rectify this shortcoming.
That project is District 95/7, a million-square-foot mixed-use complex. It would be built by a longstanding Norwalk investor, Spinnaker Real … (0 comments)
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norwalk: Entry Level Condos in Norwalk, CT sold for more! - 09/04/07 03:40 AM
As you can see in the table below, Condos in Norwalk, CT sold between $200,000 and $400,000 in August 2007 showed Selling Prices over 11% higher than those seen in Aug. 2006.
Only one condo was sold in the price range of $600,000 and $800,000 in Norwalk, CT, and even though it was sold over the Listing Price (a 2.62% more!), it represents a 3.32% higher price than the average price paid for condos in this price range in August 2006. (One event can't be used to draw significant statistical conclusions).
Condos sold in the price range of $400K and $600K were sold … (0 comments)
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norwalk: Change in Units Available in Norwalk in the last 10 days - 08/29/07 11:39 PM
Much has been said about excess of inventory in Real Estate. However if you see the local numbers (NORWALK, CT), you will find out that the number of units available has actually declined in the last 10 days. For example, in terms of Single Families, there were 456 units available in Aug.19 and there are 373 homes available today, a reduction of 83 homes. Only 18 (under 4%)have been reported as sold. The other 65 are either expired listings, or withdrawn or cancelled.
See the attached graphic with numbers per price segment.
… (0 comments)
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norwalk: Sales Report - Norwalk - Jul.23 - Aug.23. - 08/23/07 06:54 AM
This is the Sales Report showing the closings reported through the CT-MLS. These are sales in Norwalk between July 23 and August 23.
As you can see 25 condos were sold for under $350,000, and 19 Single Family units were sold in the price range ($450,000 - $600,000).
Check also the Sales Report for Stamford.
… (0 comments)
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norwalk: Norwalk Inventory as of Aug.19 - 08/19/07 11:30 PM
I am including our current inventory for Norwalk.
You will see how active properties are distributed among different price ranges, as well as the average number of days in the market.
I will repeat the same analyis in a couple of weeks to follow up on how this inventory is changing. This will be complemented with a new table showing sales at the end of the month.
Souce: CT-MLS
… (0 comments)
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norwalk: Fall in Prices depends on Selling Price Ranges - Danbury Case - 08/04/07 03:06 PM
Before commenting on how the market is doing, I suggest watching your specific market.I chose Danbury and the period of Jun.01.07 - Jul.31.07 and compared the market to the same period one year ago.What you can see is that you can't generalize. Market behavior depends on the type of dwelling (Single Family, Multi Family, and Condo), and also on the price range..In the first graphic you will see that while Single Family homes between $200K and $300K showed a difference between Listing Price and Selling Price in Jun-Jul 2007 of 3.01% while the difference in 2006 was 5.29%!!! One of the … (2 comments)
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norwalk: Norwalk, Danbury and Stamford in number (July 10) - 08/04/07 02:49 PM
These three towns, as in most of the country, are showing a reduced number of SOLD properties compared to one year ago. As we all know, the Real Estate market is cyclical as it is the economy, politics, the seasons...., and in this particular scenario, it is about LOCATION. As you well know, it's about the address, and some towns saw their real estate prices going higher and earlier than others a couple of years ago. The same is happening with the so called "price adjustment" or "market adjustment". Some towns have reduced (normalized) their prices earlier than others:We can see … (2 comments)
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Real Estate Fairfield County > Nestor N. Romero, REALTOR® (203)515-5511
Norwalk,
CT
More about me…
HomesByNestor
Address: 18 Mill Plain Rd, Danbury, CT, 06811
Office Phone: (203) 515-5511
Cell Phone: (203) 515-5511
Email Me
Real Estate news, market reports and comment from Norwalk, CT.
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