norwalk real estate: NORWALK - Current Market - Dec. 15 Snapshot - 12/15/07 02:32 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)

norwalk real estate: NORWALK, CT - November Sales Report - 12/02/07 10:28 AM

Single Family homes in Norwalk were sold in November 2007 for a median selling price of 2.70% more than in November 2006 and 2.93% more than November 2005.On the other hand, Condos have seen their median Selling Price decreased by 3.71% between November 2007 and one year before, and by 5.25% between November 2007 and November 2005.
Those Two-Family homes sold in November 2007 had a median Selling Price of $420,000; a 23.64% less than one year ago.
In the chart below, you can see how the number of units sold in November 2007 decreased compared to one and two years ago.
Nestor N. Romero
www.HomesByNestor.com1800-314-0461
 
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norwalk real estate: How much did it cost five years ago, one year ago and last October?? - 11/10/07 01:58 PM
In October 2002, buyers paid in average $554,325 or a median price of $450,000 for a Single Family Home with at least 1,500 Sq.Ft. and at least 3 bedrooms in Norwalk, CT.
Similar properties (in terms of Sq.Ft. and minimum number of bedrooms) have been sold for continuously higher price tags (median prices) year after year. 
In October 2007, a house with similar characteristics was sold for a Median Price increase of 38% over those prices paid in October, 2002, but you would say, well it was the booble... however, the increase in Median Price from 2006 to 2007 was 29.86%;  a great valuation even in … (2 comments)

norwalk real estate: NORWALK, CT - Weekly Snapshot - Multi-Family Units - Nov. 2, 2007 - 11/03/07 04:43 PM

This is the weekly snapshot for the Multi-Family properties market in Norwalk, CT.
This table shows not much activity during the last week. The average medial listing price was $552.221, with a total of 84 units between ACTIVE and under contract (SALE PENDING).
I will present a new snapshot next Saturday and will compare it with the numbers presented here.
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norwalk real estate: NORWALK, CT - Weekly Market Snaphot - Single Family - Nov. 2, 2007 - 11/03/07 03:41 PM

Between  Active Listings and Sales Pending of SingleFamily properties in Norwalk, CT, as of November 2nd, there were 489 properties.
75.87% (371) appear to be Active, 37 are under contract and 5.73% showed a price reduction.
There are 20 new listingss and 29 already accepted offers (Continue-to-Show).
The Average Median Listing Price was $587,603 and will be used as a parameter to compare week by week how this local market id doing.
(I apologize for last week's snaphot. It was only until later that I realized I had only counted a sub-segment of the market, so I won't use it to draw any conclusions.)
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norwalk real estate: NORWALK, CT - Weekly Snapshot - Condominiums - Nov. 2, 2007 - 11/02/07 04:21 PM

Last week's snapshot for the Norwalk's Condominiums market showed 290 units between Active (all the status displayed in the attached table) and Sale Pending, with an Avg. Median Price of $354,203.45.
This shows no significant changes overall.
As you can see, the number of days on market, in average also show no major changes.
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norwalk real estate: NORWALK, CT - Sales Report October 2007 vs. October 2006 - 10/31/07 07:47 PM
Median Selling Prices in Norwalk showed an increase for Condos and Single Family units, from $507,250 to $527,500, and from $315,000 to $339,000 respectively. That is great news compared to the results shown in September 2007.
In terms of total units sold, there was a deep decrease from 104 in October 2006 to 59 in October 2007.
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norwalk real estate: Norwalk, CT - Weekly Market Snapshot - Condos/Co-Ops - 10/26/07 05:09 PM

This snapshot shows that 11% of Condominiums in Norwalk, CT as of today, are under contract, while another 8.3% already have accepted offers.
Around 6% of the listed Condominiums had their listing price reduced.
Next week I will include a new snaphot as well as a summary of units sold in October.
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norwalk real estate: NORWALK, CT - Weekly Market Snapshot Report - Single Family Homes - 10/26/07 03:34 PM

This is the Weekly Market Snapshot for Single Family properties in Norwalk with at least 3 bedrooms and over 1700 Sq.Ft.
There are 289 Single Family properties available in Norwalk today. (The 10 units reported as Continue to Show are considered available). As you can see in the chart above, over 80% of the 306 current listings are ACTIVE.
There are currently 17 homes under contract (5.56%), and 18 new listings (5.88%).
 
 
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norwalk real estate: Sales Report - Norwalk - Jul.23 - Aug.23. - 08/22/07 11:54 PM
 
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.
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Nestor N. Romero, Realtor - Real Estate Fairfield County -  (203)515-5511 (HomesByNestor)

Nestor N. Romero

Realtor - Real Estate Fairfield County - ...

Norwalk, CT

More about me…

HomesByNestor

Address: 18 Mill Plain Rd, Danbury, CT, 06811

Office: (203) 515-5511

Mobile: (203) 515-5511

Real Estate news, market reports and comment from Norwalk, CT.





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