The Wakefield MA real estate market has improved to the point where home values and transaction volumes have nearly risen back to the 2007 levels. Homes that sell are reporting 82 DOM, 97% SP/LP ratios and an average selling price of $425,784. For Wakefield MA condominiums, the average sales price of the 85 units sold in 2009 was $324,718 which +3% higher than in 2008 and approaching 2007 values of $333,408.
Homes Activity - Wakefield MA homes sold in a range of a low of $85,000 to a high of $1,265,000. In 2008, the DOM was slightly higher than 2009 and SP/LP remained the same at 97%. In 2007 there were 153 units sold with a DOM of 81 and a 97% SP/LP. All sold statistics show that 2009 activity is similar to 2007 and 2008 statistics. The condominium market reports the same type and level of activity which is increasing sales and values. To view homes and condos for sale in Wakefield, Massachusetts go to Wakefield MA homes for sale.
Condo Activity - Condos sold were on the market for 142 days and the sales price to list ratio was 96%. In 2008, the DOM was at 176 days and no change in the SP/LP ratio. There are 35 Wakefield condos for sale in a range of $158,900-$559,900. The average asking price is $341,041 the days on market is high at 162 days. For sales pending, 8 units are under contract at an average asking price of $339,749 which indicates values pushing upward.
Information was obtained from the MA MLS system and is not guaranteed to be accurate.
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