The Trend in Home Sales in West Yarmouth MA - Improving, or...?
Home prices in West Yarmouth are rising again! They've risen 1.5% since May of 2009, but have fallen 31.8% since May 2005
The current average listing price of homes for sale in West Yarmouth MA is $594,220, up 9.4% from a month ago. Compare this to the current median sales price of $208,000 - where half of sales are above this amount and half below it.
While 3 bedroom homes are selling for less compared to a year ago, 2 and 4 bedroom homes are rising in price. Most notably, prices of 4 bedroom homes are up 34.0% since the same time last year. Below is a chart of the trend of median prices of median prices of homes for sale in West Yarmouth MA over the past 5 years through May 2010:
The number of sales have for all styles of homes have been cyclical and have been relatively flat over the past 5 years:
So what does all this mean? Well, if you're looking for a home in the town of West Yarmouth, you better not mess around too much. While sales are overall are relatively flat, prices of homes are climbing.
Lowball offers won't cut it in a market like this. Sellers aren't in control of the market either, so both buyers & sellers should be reasonable when negotiating. Be sure to contact me, Lew Corcoran, toll free at 1-800-984-3341, when you're looking to get pre-approved for a purchase of your next home. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.
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