South Shore condo sales - November 2013

November condominium sales in the towns of Cohasset, Duxbury, Hingham, Kingston, Marshfield, Norwell, Pembroke, Plymouth and Scituate

In the South Shore, Massachusetts, condo market, average prices were higher in November because of three million-dollar sales. In the 12 months prior to November, only 13 million-dollar sales had closed. Condos are selling in all price ranges, with sales outpacing new offerings. While the price paid per square foot is about what it has been for the last year, eight of 38 sales were at or above the original asking price, and 23 of the sales were within 5% of the original asking price. Overpricing should be a seller's greatest concern in this market. If buyers can't find a suitable condo in their price range, they should be prepared for new offerings in the coming new year.

38 condominiums sold on the South Shore in November

• Down from 39 in last month
• the average number of condo sales on the South Shore is 40 a month
• The most expensive are in Hingham, the highest number of sales are in Plymouth
• A detailed list appears below

There are 179 condominiums available on the South Shore right now 

• The listings can be found by searching South Shore condos for sale

The AVERAGE

• SALE price was $424,000
  • up from $359,000 last month, $368,000 last November
    and up from the 12-month average of $387,000
    
• LISTING price was $433,000
  • up from $368,000 last month, $376,000 last November
    and up from the 12-month average of $394,000
    
• ORIGINAL price was $439,000
  • up from $375,000 last month, $378,000 last November
    and up from the 12-month average of $402,000
    
• AGE was 22 years (built in 1991)

Average = total prices / number of homes

The MEDIAN

• SALE price was $410,000
• LISTING price was $440,000
• ORIGINAL price was $440,000
• ASSESSMENT was $360,000

Median = the home halfway down the list

The average

• number of days on market was 112
  • down from 113 last month, but up from 86 last November
    and down from the 12-month average of 120
    
    
• square footage was 1,768
  • down from 1,773 last month, but up from 1,581 last November
    and up from the 12-month average of 1,722
    
    
• price paid per square foot was $219
  • up from $197 last month, but down from $244 last November
    and up from the 12-month average of $217
    
    
• condo sold for about 97% of its original asking price and 98% of its last listing price
  • about the same as the 12-month average of 98% of the last listing price
    
    

There are 179 condominiums on the market on the South Shore today

• That's less than 5 months of inventory, which is relatively low
  

30 new properties came on the market in November

• Inventory is down slightly again

Mortgage interest rates are trading around 4 1/2%

• At 4.5%, the monthly payment per $100,000 of principal loan amount is $506

I love Turning Houses into Homes by helping people like you sell and buy homes on the South Shore

See all the condominiums for sale in
Duxbury, Cohasset, Hingham, Kingston, Marshfield, Norwell, Pembroke, Plymouth and Scituate

My business is built on referrals from clients and people like you. If you know of a friend, family member or colleague who is thinking of selling or buying a home, I'd love to help. Please call or write me to arrange an introduction. I will provide professional, courteous service and knowledgeable guidance.

Call or text (339) 832-8487 or write me to sell your condo, or to buy any condo for sale on the South Shore

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Numbers may be rounded to nearest thousand. The information contained in this report, South Shore condo sales - November 2013, was taken from MLS Data run on 12/04/2013 and represents all condominium sales in the nine South Shore towns described above from 11/01/2013 to 11/30/2013. It is deemed reliable but cannot be guaranteed. It is not our intention to solicit other real estate broker’s clients. We are happy to work with them and cooperate fully. ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Employer. Equal Housing Opportunity. Owned and operated by NRT, LLC.