Sharon MA made the top of Money Magazine's Best Places to Live in 2013. Its location near Boston makes it a great place for commuters to set down roots while enjoying a pleasant getaway from the hustle and bustle of noisy "big city" life. Low interest rates and slightly lower home prices make Sharon MA homes a great investment for Buyers as well. Here is a quick rundown of the Sharon MA home sales for August 2014.
The MLS Property Information Network reports that a total of 31 Sharon MA homes were sold in August 2014. That is a 16.2% decrease from the 37 sold at the same time last year. These homes ranged from a 3 bed/1.5 bath 1392 square foot ranch-style home that sold for $333,500 up to a 5 bed/3.5 bath 3800 square foot Victorian home that sold for $968,000.
After three years of year-over-year increases, the average sales price for a Sharon MA home decreased 3.2% (from $546,170 in 2013 to $528,470 in 2014). The highest concentration of home sales were in the $500,000 to $599,999 price range, with nine total sales. The $600,000 to $699,999 price point came in second, with seven total sales. The list-price-to-sale-price ratio decreased slightly (99% in August 2013 to 98% in August 2014). However, the days a Sharon MA home was on the market before it went under contract decreased significantly (83 last year to 50 this year).
What does all this mean for the Sharon MA Home Buyer? With interest rates currently hovering in the low 4% range for 30 year fixed rate mortgages and lower home prices, it is a great time to buy a property. Typically, the fall and winter see a slow down in the market. This means less competition for serious Home Buyers and a bigger willingness to bargain among Sellers. Contact your Sharon MA Buyer Broker to get started on her search for your dream home.
*All data used in this blog post is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not included in those numbers.
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Christine Smith is an Attorney and Exclusive Buyer Agent with over 25 years of experience in the real estate field.
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