Last night I presented some information to new single family homebuyer clients looking North of Boston, targeting towns such as Reading, North Reading, Stoneham, Wilmington, Woburn & Wakefield. Not surprisingly, days on market are quick (the past 2 weeks of offers have an average of 10 days until offer in Reading alone!), and multiple-offers are the norm, which means "over-asking" accepted offers are also the trend.
Here's the quick data for these North Shore towns for the past two months of single family home sales, using the price range of $400,000 - $700,000. As a guide, DTO = Days Until Offer. The Last bit of data: "Average Overall Sold Home Price" is ALL homes, not just those between 400-700K:
MARKET SNAPSHOT - $400,000 - $700,000 SINGLE FAMILY HOMES SPRING 2017
| STONEHAM
15 SOLD HOMES
AVERAGE LIST PRICE = $543,063
AVERAGE SALE PRICE = $562,000
AVERAGE PRICE PER SQUARE FOOT SOLD = $280
AVERAGE DAYS UNTIL OFFER: 36
27 CURRENT HOMES UNDER CONTRACT DTO: 20
AVERAGE OVERALL SOLD HOME PRICE = $565,000 | READING
24 SOLD HOMES
AVERAGE LIST PRICE = $529,000
AVERAGE SALE PRICE = $550,000
AVERAGE PRICE PER SQUARE FOOT SOLD = $310
AVERAGE DAYS UNTIL OFFER: 18
46 CURRENT HOMES UNDER CONTRACT DTO: 21
AVERAGE OVERALL SOLD HOME PRICE = $608,000 |
| WOBURN
26 SOLD HOMES
AVERAGE LIST PRICE = $504,000
AVERAGE SALE PRICE = $513,000
AVERAGE PRICE PER SQUARE FOOT SOLD = $284
AVERAGE DAYS UNTIL OFFER: 21
31 CURRENT HOMES UNDER CONTRACT DTO: 26
AVERAGE OVERALL SOLD HOME PRICE = $526,000 | WAKEFIELD
27 SOLD HOMES
AVERAGE LIST PRICE = $515,000
AVERAGE SALE PRICE = $528,000
AVERAGE PRICE PER SQUARE FOOT SOLD = $279
AVERAGE DAYS UNTIL OFFER: 14
35 CURRENT HOMES UNDER CONTRACT DTO: 20
AVERAGE OVERALL SOLD HOME PRICE = $520,000 |
| NORTH READING
14 SOLD HOMES
AVERAGE LIST PRICE = $544,000
AVERAGE SALE PRICE = $547,000
AVERAGE PRICE PER SQUARE FOOT SOLD = $286
AVERAGE DAYS UNTIL OFFER: 25
21 CURRENT HOMES UNDER CONTRACT DTO: 26
AVERAGE OVERALL SOLD HOME PRICE = $610,000 | WILMINGTON
20 SOLD HOMES
AVERAGE LIST PRICE = $531,000
AVERAGE SALE PRICE = $536,000
AVERAGE PRICE PER SQUARE FOOT SOLD = $267
AVERAGE DAYS UNTIL OFFER: 22
18 CURRENT HOMES UNDER CONTRACT DTO: 10
AVERAGE OVERALL SOLD HOME PRICE = $509,000 |
For More information regarding the market and buyer representation on the North Shore of Massachusetts, reach out to Paul Santucci, President of Residential Sales at 617-694-0004
The Beautiful 105 Prescott St, Reading. Currently Offered at $999,000
