2013 Spring Real Estate Market Update Norwalk, Westport, Wilton

Wow, there is wonderful news to report! House sales are at all time frenzy. Multiple bid offers are back. Prices will start to climb based on the activity.

This is great news for sellers, but not for buyers. If you are buying a home, get in the game right now, before you miss your opportunity to get a good deal! Some buyers are still waiting for the bottom of the market to hit. Hello, that time has come and gone.

Here is the latest update for the first quarter statistics.

Inventory in Norwalk is way down compared to last year with 338 single family and 174 condos on the market right now. Single family sales are up from the same time last year. The numbers show 113 homes and 51 condos sold the first quarter. The good news is that the homes which have offers and contracts on them are showing a total number of 103 as of April 1st. When all of these properties close our numbers will be much higher showing the continued steady sales trend.

Westport inventory is showing 286 single family homes and 14 condos for sale right now. Single family sales are up from the same time last year. The numbers show 83 homes and 2 condos sold so far. The next quarter numbers are off to a good start with a total of 64 properties which are under contract at this time.

Wilton single family inventory is down from the same time last year showing 184 single family homes. Condo inventory is down, showing only 14 for sale.Wilton sales are way up from last year with 42 single family homes recorded as sold. Condo numbers are up to with 4 sold the first quarter. Home sales are looking positive for the next quarter with a total of 23 under contract so far.

Our local real estate market has finally turned the corner. Buyers are feeling more secure and are taking the plunge into home ownership. Sellers are experiencing multiple bids when their homes are priced correctly. There are still many short sales, but banks are moving them more quickly these days. If you have been thinking about buying a property get qualified for a mortgage, hire Bondi Realty Group and go!!!

Betty Bondi
Bondi Realty Group LLC

203-899-9990

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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