Quincy MA Real Estate Market Report - July 2011

Quincy MA Real Estate Report

Quincy MA Monthly Real Estate Statistics

                                                                      July 2011                             June  2011                      July 2010

Single Family:

Homes Sold:                                                       23                                           42                                 34   

Original List Price:                                       $416,373                                  $325,604                      $354,467

Final List Price:                                            $404,239                                  $311,700                      $336,814

Average Sold Price:                                     $384,674                                  $296,624                      $324,647                                     

Average Days on Market:                               154                                          104                                 69

Median Sales Price:                                     $328,000                                 $296,500                      $317,500

Condos:

Home Sold:                                                          26                                             21                                 17

Original List Price:                                          $256,404                                  $258,862                      $284,317

Final List Price:                                               $248,219                                  $254,033                      $278,117   

Average Sold Price:                                        $238,000                                  $245,236                      $262,194

Average Days on Market:                                  111                                           116                              78

Median Sales Price:                                       $230,650                                   $237,250                      $237,000

Multi-Umit:

Homes Sold:                                                         8                                                 11                                 8

Original List Price:                                          $405,200                                    $467,500                      $437,286    

Final List Price:                                               $385,638                                    $448,690                      $421,024

Average Sold Price:                                        $357,625                                    $433,809                      $411,050

Average Days on Market:                                  115                                                93                              146

Median Sales Price:                                       $352,500                                     $450,000                      $413,000

SUMMARY:

As the Statistics show the number of Single Family home sales have dropped from 42 in June to 23 in July. July of 2010  had 34 single family sales. July is typically slower as we are in the Summer vacation time, however the drop has been more than expected this year. Sales were down in May, June and July. Prices have not changed much at all. Prices of Single Family homes have actually increased with the median price climbing to $328,000.

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