Single Family Homes and Condominiums 1st Quarter Real Estate Update The Greater Boston Association of Realtors (GBAR) has released the 2010 first quarter real estate statistics. I have highlighted below area towns and their recent statistics. The first chart 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. The second chart contains the same detailed stats for condominiums (CC) Enjoy! Single Family Homes Town | Total SF Properties Sold (1st Q ’10) | Total SF Properties Sold (1st Q ’09) | Median Price (1st Q ’10) | Median Price (1st Q ’09) | Average Days on Market (1st Q ’10) | Average Days on Market (1st Q ’09) | Total SF Properties on Market (1st Q ’10) | Total SF Properties on Market (1st Q. ’09) | Acton | 29 | 26 | $474,900 | $523,000 | 78 | 163 | 59 | 58 | Arlington | 35 | 25 | $454,900 | $505,000 | 56 | 92 | 56 | 50 | Bedford | 9 | 14 | $478,000 | $481,500 | 83 | 84 | 28 | 20 | Belmont | 16 | 11 | $629,750 | $617,000 | 94 | 200 | 36 | 51 | Burlington | 16 | 16 | $392,000 | $360,000 | 104 | 129 | 60 | 57 | Concord | 16 | 15 | $638,700 | $852,500 | 115 | 277 | 109 | 103 | Carlisle | 7 | 8 | $584,500 | $1,108,500 | 184 | 175 | 40 | 40 | Lexington | 47 | 42 | $745,000 | $577,500 | 89 | 136 | 131 | 143 | Lincoln | 5 | 7 | $885,000 | $1,010,000 | 157 | 141 | 37 | 35 | Waltham | 40 | 28 | $364,000 | $361,500 | 79 | 86 | 96 | 62 | Winchester | 24 | 20 | $750,000 | $626,800 | 85 | 182 | 90 | 100 | Woburn | 39 | 25 | $299,900 | $348,000 | 94 | 109 | 60 | 47 |
Condominiums Town | Total CC Properties Sold (1st Q ’10) | Total CC Properties Sold (1st Q ’09) | Median Price (1st Q ’10) | Median Price (1st Q ’09) | Average Days on Market (1st Q ’10) | Average Days on Market (1st Q ’09) | Total CC Properties on Market (1st Q ’10) | Total CC Properties on Market (1st Q. ’09) | Acton | 13 | 10 | $290,000 | $158,500 | 164 | 203 | 81 | 59 | Arlington | 33 | 19 | $355,000 | $351,500 | 63 | 119 | 79 | 41 | Bedford | 4 | 3 | $485,000 | $595,000 | 127 | 88 | 14 | 10 | Belmont | 14 | 9 | $408,300 | $315,000 | 158 | 155 | 36 | 38 | Burlington | 8 | 1 | $435,000 | $421,965 | 136 | 142 | 17 | 14 | Concord | 5 | 5 | $356,250 | $307,500 | 104 | 71 | 20 | 26 | Carlisle | 0 | 0 | $0 | $0 | 0 | 0 | 0 | 1 | Lexington | 14 | 7 | $475,750 | $345,000 | 82 | 78 | 31 | 31 | Lincoln | 4 | 3 | $370,000 | $443,500 | 281 | 108 | 12 | 7 | Waltham | 48 | 24 | $314,500 | $308,948 | 87 | 115 | 94 | 99 | Winchester | 10 | 9 | $382,000 | $560,000 | 181 | 99 | 26 | 22 | Woburn | 12 | 6 | $265,000 | $208,250 | 132 | 225 | 46 | 43 |
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. 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! I look forward to hearing from you! |