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October 2015 Milton MA Home Sales Update

Monthly Milton MA home sales have decreased for the third month in a row.  It is typical for this to happen around this time of year.  Your October 2015 Milton MA Home Sales Update shows that year-over-year sales and prices have actually gone up.  That menas that more Buyers than normal are out looking for properties.  Here is your market wrap-up.

October 2015 Milton MA Home Sales Update

Total Milton MA homes sold in October - 2011 to 2015

According to the MLS Property Information Network, a total of 21 Milton MA homes were purchased in October 2015.  That was 16% less than the 25 sold in September 2015.  But it was also 23.5% higher than the 17 sold at the same time last year.  In fact, we haven't seen October sales like this since 2011.

Average sale price of a Milton MA home sold in October - 2011 to 2015

The average sale price for a Milton MA home sold in October 2015 was $676,286.  This was 20% higher than last year.  It also marks the fourth month in a row of increases in average sale price this year.  One Miton MA Buyer was able to procure a 4 bed/1.5 bath, 1488 square foot Colonial for just $385,000.  That was $14,000 under the list price.  Two properties sold for over $1,000,000.  A 4 bed/2+1 bath, 4686 square foot Custom Colonial sold for the list price of $1,099,000 in just 22 days.  A 4 bed/4 bath, 3980 square foot Custom Royal Barry Wills English Contry home in Scotts Woods sold for $1,305,000.  The new homeowner paid almost $45,000 under the list price for it.

Summary for Milton MA Buyers

We are now in the traditionally slower time for Milton MA real estate.  You only have a few weeks left to find and purchase a new home.  That doesn't mean it can't be done.  Of the 21 homes sold last month, seven of them sold in 30 days or less.  One even sold in just eight days!  Sellers are willing to work with Milton MA Buyers to get a deal done.  The list price to sale price ratio is at 98%.  Contact your Milton MA Buyer Broker to get the wheels moving on your new home purchase for the holidays.

Learn more about Milton MA in the Milton 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.

Christine Smith, Buyers Brokers Only LLC - Your Exclusive Buyer Agent in Norfolk County

 
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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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Comment balloon 1 commentChristine Smith • November 12 2015 10:37AM

Comments

Great Market Report. Thanks for the information on the local community sales!

Posted by Bob Baesmann, DFW Team Realty | 972-978-8800 ( DFW Team Realty) almost 2 years ago

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