Weymouth Real Estate – 2012 in review.

| January 27, 2013 | 0 Comments

Looking back on 2012, Weymouth was one of the more productive towns on the South Shore when it comes total real estate activity. 445 single family homes sold in Weymouth last year. 134 Weymouth condominiums were sold last year as well bringing the total number of Weymouth real estate transactions to 589 (not counting multi-family or commercial property). Only Plymouth & Quincy recorded more activity than Weymouth.

Weymouth Real Estate Stats

Weymouth Real Estate Stats

The median sale price for Weymouth single family homes hovered near $280,000 for most of the year. There was a brief dip in March but quickly recovered by April. The median sale prece for Weymouth condo’s was not as steady, fluctuating as much as to $55,000 from month to month.

Weymouth Real Estate Stats

Weymouth Real Estate Stats

 

The average cost per square foot for both Weymouth single family homes and Weymouth condo’s max’d out near $195 per sq. ft.  ($193 for condo’s and $197 for single family homes).  Condo’s however were as low as $124 per square foot in February while the lowest point for single family homes was only $173.00, also in February.

South Shore Murphy Team

  • The average Weymouth single family home sold in 2012 was 6.9 rooms, 3.1 bedrooms, 1.6 bathrooms, 2,012 SF, on .29 acres.  The average cost per square foot for the entire year = $190.56
  • The average Weymouth condominium sold in 2012 was 4.3 rooms, 1.7 bedrooms, 1.4 bathrooms, 1,030 SF with an average cost per square foot of $161.23 for the year.

Weymouth Real Estate Stats

Weymouth Real Estate Stats

 

The average length of time it took Weymouth condo’s to sell was 122 days or about 4 months.  Single family homes only averaged 83 days or 2.7 months.

Weymouth Real Estate Stats

Weymouth Real Estate Stats

Perhaps the most interesting bit of data can be found in the percentage of the original asking price paid at closing. Weymouth single family homes sold at about 92% of the original asking price(the price of the home when first listed for sale).  After price drops, single family homes sold around 96% of the final list price before an offer was accepted.

Weymouth condo’s sold at only 90% of the original asking price and after price drops, condo’s were selling for about 95% of the final list price before an offer was accepted.

Weymouth Real Estate Stats

 

Weymouth Real Estate Stats

OP = Original List Price, LP = Final List Price before Offer was accepted, SP = Sale Price 

Disclosures:
The Murphy TeamAll information collected from MLSPIN and reflects only transactions that were listed on Multiple Listing Service. Private sale transactions are not included in this data.

Data only represents single family homes. Condominiums & Multi-Family properties are not included in this data.

The South Shore towns are defined as the towns listed here

All information is presumed reliable but is not guaranteed, and should be independently verified. The information provided in this report is provided for personal use only and may not be copied or distributed.

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Category: Real Estate Statistics

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The S3 Team was created by a group of local real estate agents, designers and business partners from Massachusetts South Shore. Trying to tell the story of the South Shore community and striving to connect the world to all the amazing things that make the South Shore great.

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