I certainly hope everyone had a great time with their loved ones this Thanksgiving. If not, I hope that you can look back at it soon and laugh. We are now in what is traditionally the slowest part of the year for Canton MA real estate. As the year winds down, so do the real estate transactions. Here is a quick wrap-up of the Canton MA Home Sales Report for November 2014.
According to the MLS Property Information Network, a total of 11 Canton MA homes were sold during the month of November 2014. This is a 35.3% decrease from the same time last year. However, it is more consistent with November sales dating back to 2010. Homes sold during November 2014 ranged from a 2 bed/1 bath, 936 square foot, centrally-located ranch-style home that was purchased for $234,000 all the way up to a beautiful 5 bed/4.5 bath, 3784 square foot Colonial abutting Conservation Park that sold for $930,000...$30,000 over the list price!
Here is something that Canton MA Buyers will be happy to hear. The average sale price of a Canton MA home sold last month was $438,518. This was 5% less than the same time last year. The average amount of time a Canton MA home spent on the market before going under contract has increased from 69 days in November 2013 to 84 days last month. The average list price to sale price ratio has decreased slightly (98% in 2013 to 97% in 2014).
I know what you are wondering. What does this all mean for the Canton MA Home Buyer? A lower average sale price should make Buyers happy. As you can see from the chart above, it is hard to tell whether prices will be higher or lower come next November. One thing I can tell you for sure is that mortgage interest rates remain low at the present time. This, too, could change at any time. If you are interested in buying a property before the end of the year, you need to act now. Contact your Canton MA Buyer Broker today to get started.
*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.
We do business in accordance with the Federal and Massachusetts Fair Housing Laws.
The content provided on this blog is presented or compiled for your convenience and is provided for informational purposes only. The information provided on this website should not be construed as offering legal, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action.
Christine Smith is an Attorney and Exclusive Buyer Agent with over 25 years of experience in the real estate field.
(c) Copyright 2010-2015 Christine M. Smith, Attorney and Buyer Agent. All rights reserved.