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Canton & Milton MA Real Estate Info

Real Estate, Events & General Info on Milton, Canton & Norfolk County

By Christine Smith | Broker in Canton, MA

Canton MA Real Estate: 2011 Market Wrap Up

originally posted at Canton MA Events and Real Estate

In Canton MA there were 127 single family homes sold in 2011.*  The average sales price was $478,642.00, with a low of $125,000.00 and a high of $1,225,000.00.  The pie chart below shows that just over 47% of the single family homes sold in Canton MA sold between $300,000 - $500,000, with the next highest percentages coming in on either side of those price ranges.  

chart

To get an idea of how the market is performing overall, it is helpful to look back over the past years to see how the real estate market has performed, compared to other years.  Going back 5 years, the average sales price has fluctuated.  While the average sales price is down from 2010, it is still higher than 2009.  2010 was the year of the federal first time home buyer tax credit, which could have had an impact on prices.  

The piece of data I find interesting is that the average number of days on the market has come down. With prices stabilizing somewhat, buyers are out there and homes are selling a little faster. 


Year of Sale

Average Sales Price

Number of Homes Sold

Days on Market

2007

$492,187

143

148

2008

$511,184

118

142

2009

$460,029

120

135

2010

$492,134

121

139

2011

$478,642

127

112

 

With the spring market approaching, buyers will be looking to see what new inventory is coming on the market.  Buyers who see a home that they like in their price range, will want to move on it as homes are moving a little more quickly than before.  Sellers, as always, will want to make sure their homes are priced well and in good condition.  Those are the two factors that have had many buyers on hold.

Buyers who are looking to buy a home in Canton MA in 2012, the time to prepare is now.  Make sure you have your mortgage preapproval and contact your Canton MA Buyer Broker to help you plan your home buying strategy for 2012.

*All data is taken courtesy of the MLS Property Information Network, Inc.  Homes sold outside of the MLS are not included in this data.

Christine Smith -  Exclusive Buyer Agent in Canton, Milton & Norfolk County MA -  100% Loyal to Buyers 100% of the Time

781-799-8313


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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 20 years of experience in real estate. 

(c) Copyright 2012 Christine M. Smith, Attorney and Buyer Agent. All rights reserved.

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