Market Reports (Medfield, MA)
By Nina Rogoff, Sells Real Estate!
(RE/MAX Executive Realty)
What You Need to Know About Prices the Medfield MA Real Estate MarketIn my last post, I shared an update on the Medfield MA real estate market as of February 29, 2016. It included the properties and prices of homes that sold in Medfield February. This post focuses on information that Sellers and Buyers need to understand the impact of different types of real estate markets. When the media speaks about real estate markets, it's often in very broad terms. You may hear that there's a "Seller's Market" or a "Buyer's Market". How are those markets determined and what does it really mean when it comes to selling your home?First, Let's Look At Absorption Rate:Absorption Rate is the term used to describes the number of months it will take to sell (or absorb) the current inventory of homes if no...
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By Nina Rogoff, Sells Real Estate!
(RE/MAX Executive Realty)
Medfield MA Real Estate Market Report for February 2016Sunny days and blue skies have a positive impact on the real estate market, even when the temperature is in the 30s and 40s. The 2015 Medfield Real Estate Market is off to a good start! There are currently 26 homes for sale in Medfield with an Average List Price of $1,040,169. Almost half of those (12) are homes that were newly listed in February. Of those, 4 already have accepted offers contributing to the total number of 10 accepted offers made in February.Sold in February 2016Seven homes sold in February with an Average Sales Price of $938,286 and Average Days to Offer (DTO) of 91. Here are the details for Medfield homes that sold in February 2016: 1 Cedar Lane - Sold for $426,000 - a 1959 Split-Level home with 3 bedrooms, 1 full...
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By Nina Rogoff, Sells Real Estate!
(RE/MAX Executive Realty)
2015 Medfield MA Real Estate Market Review Looking outside today at the blue skies and bright sun I have to say that I am SO grateful! Remember this time last year when we had just been hit by Winter Storm Juno?Despite the slow start, there were 159 single family homes sold in Medfield in 2015. This represents a 13% increase in the number of single family homes sold over 2014 (as per MLS). This was the largest number of single family homes sold in one year in Medfield MA since 2004.The Medfield MA real estate market ended 2015 with an average sale price of $694,013 for single family homes, the highest since 2005 and a 1.75% increase in average sale price from 2014.In 2015, home prices in Medfield MA ranged from as low as $265,000 for a 4 bedroom, 2 bathroom split-level marketed as a "co...
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Medfield, MA Real Estate Professionals