Sell a Home in Canton, MA - Buy a Home in Canton, MA - Live in Canton, MA!
If you are planning to buy a home in Canton, MA or sell your home in Canton, MA this monthly market report will give you the information you need to know about local market conditions. Whatever you read about the real estate market on a national level, remember that real estate is a very localized market. What's happening in other parts of the United States, even other cities in Massachusetts, is not necessarily the same thing that is happening here in Canton.
Single Family Homes and Condominiums On Market
At the end of November, there were 83 single family homes for sale in Canton, MA. This is a decrease of 10% since the end of October. That change is not so surprising for this time of year. A large number of people tend to start focusing more on the holidays and less on buying or selling a home after Thanksgiving. That focus and the increasingly cold weather contribute to the slow down of the market.
However, it is still an excellent time of year to buy a home in Canton, MA as interest rates are low, and you may be in a better position to negotiate on the price if the home has been on the market for a long time. Of the 83 single family homes for sale 7 have been on the market for more than one year, two have been on the market for more than two years and 27 have been on the market for more than 6 months.
The average list price for homes for sale in Canton, MA at the end of November was $647,349. Surprisingly, the average list price of these unsold homes has seen almost no change despite the increase in the average number of days on market to 155. Hmmm...
In the condominium market, there has been little change since the end of October. There are still 57 condos for sale with almost no change in the average list price. These unsold condominiums have seen a 15% increase in the number of days they remain on the market, now at 129 days.
Sellers, if you are not receiving any offers and your home has been on the market for more than a month, talk to a Realtor® about pricing. If you are not already working with a Realtor®, please call me for a Free Market Analysis of your home. This will give you a better understanding of the value of your home in today's market and how to price, present and market your home to sell.
Here's a summary of the information discussed above in a chart format:
SINGLE FAMILY HOMES ON MARKET
CONDOMINIUMS ON MARKET
Single Family Homes and Condominiums SOLD
There were 10 single family homes sold in November, a 50% increase from October sales. The average sale price decreased by more than 37% to $396,780 from October's average sale price of $633,000. This price difference was fueled by the October sale of 80 Colts Crossing for $1,140,000. Without this sale price in the mix, average sales prices would have shown a decrease of about 21.5% from October to November. The average number of Days on Market for these ten homes was 135.
So, the average sale price in November of $396,780 is more than $285,000 less than the average list price for the homes that didn't sell as of last month.
In the condominium market there were 6 units sold in November, also reflecting a 50% increase from October condo sales. The average sales price decreased by about 23% since October's average sales price.
If your house or condominium is still on the market, you may want to review this information with your real estate agent. If you are not currently working with a real estate agent, please call me. I will be happy to do a market analysis of your home.
Here's a summary of the information discussed above in a chart format:
SINGLE FAMILY HOMES SOLD
CONDOMINIUMS SOLD:
For a Free Market Analysis of your home or condominium in Canton, MA please call me at 781-253-3385.
Happy Holidays!
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