Norwalk CT Market Report - Real Estate in 06850
August in Norwalk CT marks the end of the Summer, the Spring market and the beginning of the Fall housing market rush. It's time to take a look at what happened last month and what are the opportunities for the months to come....
In the month of July, there were a total of 61 single family homes that sold. The majority of them were priced below $700,000, which is a great entry point for New England. The least expensive home that sold wa a foreclosure in South Norwalk having 3 bedrooms and 1.5 baths. This property sold for $110,490. One the other end of the pricing spectrum was a Rowayton 4 bedroom, 3.5 bathroom home on the water in the Pine Point Association which sold for $2,695,000!
Currently there are 435 single family homes available for sale in Norwalk. 157 of them are priced below $399,999 - what an opportunity for the investor and first time home owner! The least expensive home is priced at $145,000, it's a 3 bedroom/2 bathroom bank foreclosure. If you are looking for new construction in the Shorehaven Community, it can be found with a listing price of 5,750,000- 5 bedrooms, 5 full bathrooms and 2 powder rooms.
Missed opportunities with 87 pendings sales! These homes are ready for the final walk-throughs, closings and new owners!
I am here to help home owners with a free market value analysis for their Norwalk properties so that your are educated on the current market and how your home will compete. If you are interested in buying a home in Norwalk CT, please contact me directly for a buyer's consultation.
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