The weather isn't the only thing cooling off in the Northeast. The Canton MA Home Sales Report for September 2014 shows a huge dip as well. This could mean good news, though, if you are in the market for a Canton MA home.
According to the MLS Property Information Network's numbers, a total of nine Canton MA homes were sold in September 2014. That's a 40% decrease from the 15 sold during September 2013. It is also the lowest September total in the last 10 years. These homes ranged from a 3 bed/1 bath, 1404 square foot Colonial that sold for $280,000 all the way up to a 4 bed/2.5 bath, 2872 square foot Colonial in Washington Commons that sold for $744,000.
The average sale price for a Canton MA home was $452,778, a 10.2% decrease from the same time last year. While there was one Colonial/Saltbox home in Century estates that sold at list price ($625,000) after just one day on the market, the average days a Canton MA home spent on the market was 118. Only two of these homes sold for at or over list price (22.2% of total sales). That is a bit lower than the 30% of last September's total sales that went for at or above list price. The list price-to-sale-price ratio has decreased 3% from last year as well (100% in 2013 vs 97% in 2014).
What do all these statistics mean for the Canton MA Home Buyer? Prices have come down significantly from last year. They have even come down slightly from the previous month; August's average sale price was $479,229. We are entering the traditionally slow time of year for the real estate market. That means less competition among Buyers. With the average days a home spends on the market increasing and average sale price decreasing, it is a great time to purchase your next Canton MA home. 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.
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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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