"So how is the Norwalk CT real estate market going? Is it turning around?" These questions I am asked on an almost daily basis. So allow me to share the most recent statistics with you...
In the month of May, there were a total of 44 single family homes sold. The least expensive was a 5 bedroom, 3 and 1/2 bathroom house with 2,080 square feet, purchased as a foreclosure. The most expensive property sold in Norwalk, was a waterfront home designed by the renowned architect Bruce Beinfield on Belle Island which sold for $4,400,000. in addition to the following homes.....
The number of pending homes (or homes under contract) is growing, currently it stands at 94 single family homes. The largest group? Those properties with list prices of $399,999 and below. It is definitely a market attractive to investors.....
So what is the good news? There are currently 461 single family homes for sale. Lots of inventory to choose from for the market's buyers.
It's still a buyer's market. However buyers are looking for value. Within these 461 homes, there are a number of homes available for short sale and a fair amount of foreclosures. All of which are being listed at or below the current market value. If you'd like to receive a copy of homes falling into the short sale and/or foreclosure category, please email me. Or if you'd like to receive a free, no obligation home value market analysis for a Norwalk property, please contact me.
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