The Trend in Home Sales in Brewster MA - Improving, or...?
Home prices in Brewster on average are rising - but not by much! Home prices have risen 1.0% since June of 2009.
The current average listing price of homes for sale in Brewster MA is $484,699, up 2.3% from a month ago. Compare this to the current median sales price of $370,000 - where half of sales are above this amount and half below it.
2 bedroom homes are selling for more compared to a year ago, but 3 and 4 bedroom homes are still falling in price. Most notably, prices of 2 bedroom homes are up 22.9% since the same time last year, while 3 bedroom homes are down 11.1% and 4 bedroom homes are down 6.8%. Below is a chart of the trend of median prices of homes for sale in Brewster MA over the last 5 years through June 2010:
While cyclical, the number of sales of all homes in Brewster MA in general have been falling over the last 5 years:
So what does all this mean? Well, if you're looking for a home in the town of Brewster, you may be able to find a bargain. Sales of homes in Brewster overall are declining, and prices of 3 and 4 bedroom homes are down almost 9% from where they were 5 years ago.
Still, 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.