EagleTribune.com, North Andover, MA


January 4, 2013

Real Estate Briefs

MERRIMACK & NASHOBA VALLEYS — The Northeast Association of REALTORS (NEAR) reports that the number of single family homes sold during the month of September in the 15 cities and towns from Boxford to Littleton increased again compared to the same time last year for the ninth straight month. Specifically, 252 single family homes were sold in September versus 245 in September 2011, an increase of 2.9 percent. Meanwhile, the 91 condos sold this September represent a decrease of 5.2 percent compared with last September’s 96 condos sold. The report is based on data from MLS Property Information Network in Shrewsbury.

The report also stated that the median price for single family homes sold locally in September was $315,000, which is exactly equal to last September’s median price. Year-to-date for January through September 2012, the median sales price of single family homes sold in the area was $307,000, a 1.0 percent decline compared with the first nine months of 2011. Condominiums sold in September posted a median sales price of $168,000 which represents a slight 1.3 percent increase compared with last September’s median of $165,771, and a 2.8 percent rise versus the previous month’s median price of $163,500.

The report also showed that average length of time it took for a single family home sold in September to go from listing to sold was 92 days, a drop of 13.2 percent versus last September, and down from 110 days in August. For condominiums, it took an average of 155 days for those sold during September to close, an increase of 14 percent compared with the average 136 days on market in September 2011, and an increase of 47.6 percent compared with 105 days on market in August.

Meanwhile, the number of pending sales for single family homes in the region during September jumped by 9.1 percent compared with September 2011, with the agreed-upon median price for those properties at $299,900.

WINDHAM — Coco, Early & Associates welcomes Lea Batson to its new team of agents in the new Windham office.

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