Single Family Homes 3rd Quarter Real Estate Update The Greater Boston Association of Realtors (GBAR) has just released the 2009 third quarter real estate statistics. I have highlighted below area towns and their second quarter statistics. This report contains detailed data on single family (SF) home sales, average days on market, and inventory levels, both for the most recent quarter and the same three-month period one year ago. Enjoy! Town | Total SF Properties Sold(3rd Q ’09) | Total SF Properties Sold (3rd Q ’08) | Median Price (3rd Q ’09) | Median Price (3rd Q ’08) | Average Days on Market (3rd Q ’09) | Average Days on Market (3rd Q ’08) | Total SF Properties on Market (3rd Q ’09) | Total SF Properties on Market (3rd Q. ’08) | Acton | 68 | 54 | $560,000 | $624,000 | 93 | 73 | 51 | 81 | Arlington | 99 | 74 | $493,500 | $457,554 | 44 | 36 | 54 | 44 | Bedford | 22 | 42 | $501,250 | $545,000 | 27 | 78 | 27 | 28 | Belmont | 56 | 45 | $644,000 | $699,000 | 85 | 52 | 50 | 51 | Burlington | 54 | 36 | $370,500 | $376,000 | 92 | 142 | 75 | 65 | Concord | 46 | 45 | $796,000 | $690,000 | 124 | 141 | 103 | 95 | Carlisle | 17 | 21 | $780,000 | $730,000 | 129 | 188 | 21 | 35 | Lexington | 115 | 111 | $672,500 | $775,000 | 92 | 91 | 159 | 137 | Lincoln | 18 | 13 | $1,250,000 | $755,000 | 185 | 120 | 49 | 44 | Waltham | 71 | 83 | $395,000 | $390,000 | 68 | 47 | 72 | 94 | Winchester | 63 | 49 | $710,500 | $685,000 | 90 | 82 | 96 | 106 | Woburn | 66 | 57 | $341,000 | $339,500 | 79 | 89 | 57 | 81 |
Another important factor when buying or selling a home is interest rates. At the time of putting together these statistics interest rates are still very attractive to anyone buying a home. In addition to this many first time buyers have also ventured into the real estate market looking to take advantage of the First Time Home Buyer Tax Credit. If you (or anyone that you know) would like to discuss the value of your home in today’s market, please remember I am only a phone call or e-mail away. It would be great to hear from you. I will be happy to answer any questions that you have! |