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Market Conditions in Hull : Real Estate Advice

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  • Local Info1
  • Home Buying7
  • Home Selling2
  • Market Conditions3

Activity 3
Wed Nov 21, 2012
Phil Rotondo answered:
0 votes 14 answers Share Flag
Wed Oct 7, 2009
Randy Veraguas answered:
For Hull, MA, according to the last 12 months on the MLS, this is what I pulled up:
Average Market Time: 189.97
Single Family Listings: 97
Average List Price: $415,875
Average Sale Price: $380,206

I am wondering why you asked this. A lot of different factors come in to play when a house sells quickly or sits on the market for months. Could be a variety of things from price to location to general economy... Would you like me to take a look at your home and give you a Competitive Market Analysis? I'd be happy to help you anyway I can. Thanks for asking about Hull's Single Family home sales.
Cheers, Randy Veraguas 781-635-5414
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0 votes 2 answers Share Flag
Thu May 10, 2012
Bill Eckler answered:

Your question is one that does warrant consideration.

You generalization is true for the most part. One would think prices should be declining following the market trend.

We are often reminded that it is the buyer that creates the market since the typical informed buyer will not pay more for a property than a property is worth to them. With this said, the result of buyers arriving a price levels that are acceptable to them only occurs when sellers are willing to accept lesser amounts for their homes.

There are isolated locations where the owners feel they do not need to sell their homes for lower prices and refuse to list or list at discounted numbers. They have elected to try to ride out the storm. Only time will tell if this approach will work out.

No, it doesn't have anything to do with the by-laws. Financially secure people enjoy options other don't. Waiting without needing to sell at "fire sale " prices tends to hold prices as they were.

Good luck,
The "EcklerTeam"
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