Wakefield Massachusetts Market Activity - Year to Date - 10/31/09

Wakefield MA Residential Market Report - YTD (10/31/2009)

Market Snapshot

Wakefield MA Real Estate

Single Family Homes - As of October 31, 2009, there were 44 homes on the market in Wakefield, MA, with an average list price of $608,679 and an average days on market of 127. For sales pending, there were 20 homes under contract with an average list price of $575,720 and an average DOM of 117. There were 155 homes sold in Wakefield YTD with an average sales price of $425,784 and an average DOM of 82. The selling range was a low of $85,000 and a high of $1,265,000.

Condominiums - There were 35 condos on the market in Wakefield, MA, as of October 31, 2009, with an average list price of $341,041 and an average days on market of 162. There were 8 condos under contract with an average list price of $339,749 and an average DOM of 162. 85 condos sold YTD in Wakefield with an average sales price of $324,718 and an average DOM of 142. The selling range was a low of $139,690 and a high of $595,000.

The average sales prices for both homes and condos have increased from 2008 values.  This is primarily a result of the incentives for first-time home buyers taking advantage of the home buyer tax credit.  Most of the activity is at the entry level with buyers utilizing FHA financing due to the low down payment requirement.  However, there are many condominium developments that do not have FHA approval which impacts the values in the market.

Virtual Homes Real Estate provides search tools to asist you in learning about the community, listing and market conditions. Click on the following links for your choice of services.

Wakefield MA Real Estate - Community, relocation and school information with town demographics.

Wakefield MA Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales

Wakefield MA MLS Search - View all listings in the statewide MLS.

Wakefield MA Homes for Sale - Map Search - Search by location, neighborhood and commuting.

This report is based on activity reported from the MLSPin MLS system and is not guaranteed to be accurate. It does not represent all of the listings that have sold during the specified time frame.