While the recent negative headlines talk about home sales still being flat and going down in some places, Dorchester has always been one of the areas to come back first! The numbers from 2010 vs. 2009 prove it!
The average selling price for a three-family in Dorchester for 2010 was $298,810, compared to $249,860, a 20% increase! The numbers for the change in a median sales price were a little bit higher as well.
Another great sign that prices are on the way back up is the number of homes sold above $400,000. There were 22 in 2010 vs. only 12 in 2009, an 83% increase! Available listings are also very low, averaging under 30 for last few months. This will only increase the demand!
Please let me know if you would like more information about local prices or are interested in the value of your home or are in the market for a three-family for sale in Dorchester.