South Shore Real Estate Market Report – August 2012

| September 26, 2012 | 0 Comments

August proved to be the most active month for South Shore real estate transactions in years.  Transactions for single family homes across the Simply South Shore towns were up 29% over August of 2011.

South Shore Homes for Sale Sold in 2012 YTD

As usual, Plymouth, Brockton, Weymouth, Quincy & Taunton recorded the most transactions.

Top Home Selling South Shore Towns for August 2012

Unfortunately sale prices aren’t seeing a proportionate increase. The average sale price from this August compared to last august is actually down by approximately 1%.

Average Sale Price South Shore Real Estate

Regardless of the decline in sale price, the fact that South Shore real estate transactions are so strong is good news for South Shore home sellers throughout the area for 2 reasons.

  • #1 Higher Percentages of Asking price Paid at Closing: 

Some towns are seeing homes sell for close to asking price. East Bridgewater & Braintree averaged a sale price of 98% and 97% of the original asking price.
Percentage of Asking Price Paid at Closing Braintree, MA
On the flip side, some towns showed very weak performance in this category. West Bridgewater averaged only 81% of the original asking price. Avon, Taunton, Duxbury, Middleboro and Hanson also finished below 90%. The average percentage of the original asking price paid by home buyers across the south shore was 93% in August 2012.
Percentage of Asking Price Paid at closing Homes for sale in Duxbury, MA

  • #2 Much Quicker Selling Period:

[/gn_list]Milton, Norwell, Avon & East Bridgwater showed homes selling more than twice as fast as they did in August a year ago.

Homes selling fast in Milton, MA

“Milton, Norwell, Avon & East Bridgwater showed homes selling more than twice as fast as they did in August a year ago.”

Disclosures:
All 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.

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, 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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