All I can say is thank goodness Spring is here! Sure, there's rain, but at least it isn't cold enough to turn it into feet of snow. Buyers should be happy with the results of the April 2015 Sharon MA Home Sales Report. That's because total sales have inched up slightly from last year while prices are actually a little lower.
The MLS Property Information Network is reporting that a total of 10 Sharon MA homes were sold between April 1 and April 30, 2015. That is one more than were sold at the same time last year. They were primarily purchased for under list price as well. For example, a 3 bed/1.5 bath, 1266 square foot Bungalow in need of a little TLC sold for $275,000...$9900 under the list price. And it was located within walking distance of the beach! At the upper end of the market, a Buyer purchased a 4 bed/3.5 bath, 3687 square foot Colonial that is in the beginning stages of construction for $930,000. That was $45,000 under the list price.
The average sale price of a Sharon MA home in April 2015 was $493,400. This was a 2.7% decrease from April 2014 and the lowest average sale price in the month of April since 2011. The average days a Sharon MA home spent on the market before receiving an offer was 49. Sharon MA homes were purchased for an average of 99% of the list price.
What does this all mean for Sharon MA Home Buyers? Prices have come down a little while sales are inching up slightly. As we shirk off the cold winter weather and head outdoors, competition among Buyers begins to intensify. Interest rates for a 30 year fixed-rate loan have been lingering around the 4% mark for several weeks now. However, we could see interest rates start to go up as early as next month. It all depends on what the Federal Reserve decides at their next meeting.
What are you looking for in a new home? Let me know in the comments below. Contact your Sharon MA Buyer Broker to start looking for your next property today.
Learn more about Sharon MA in the Sharon Real Estate & Community Guide.
*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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