What Can You Buy Between $600K to $699K in Sharon MA?
As of May 13, 2015, there are 6 homes listed for sale in Sharon MA priced between $600,000 to $699,000. Four of these homes have central air conditioning, the other two homes have forced hot water heat which will make it more expensive to add central a/c. All except one have two-car garages, and one has a swimming pool...viewed with mixed feelings in New England.
Here is a comparison chart to show you what you can buy between $600,000 and $699,000 in Sharon MA as of May 14, 2015. The average list price of these homes is $648,948.
If we look at the homes that have sold in this price range in the past 6 months, we can start to see the market conditions in this price range. In the past 6 months, there were 6 homes sold between $600,000 and $699,000.
How do they compare to those homes currently listed for sale?
- All of the homes had central a/c
- 5 homes had 2-car garages
- The homes were newer
- 5 homes had 4-bedrooms, 1 had 3-bedrooms but overall the average living area (square feet) was about 500 sq. ft. larger than the homes currently for sale. Interestingly, only one of the homes had granite counters. The average sales price was $656,733.
Over the past 6 months, homes in this price range sold at a rate of 1 home every 30 days. Given that there are 6 homes currently on the market in this price range, if no other homes came on the market it would take 6 months to sell the current inventory. Six months represents a balanced market; neither a sellers' market nor a buyers' market.
What does this mean for buyers and sellers? It has been a strong sellers' market in Sharon MA for the past 2 years. However, economists are predicting that 2015 will see more of a return to a balanced market. The more inventory there is, the choosier buyers can be. However, buyers are also considering the fact that mortgage rates may rise somewhat in 2015. If you are looking to buy a home, now is a great time to act.
For sellers it is extremely important to be guided by an experienced REALTOR with strong knowledge of the local market. If your home is priced between $600,000 and $690,000, you want to sell in the first 30 days, and not be the last home to sell after 6 months.
If you are thinking of selling your home, please give me a call at 781-883-3764. I will be happy to provide you with a complimentary market analysis of your home so you can better understand its value and we can list it and get it sold!
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