Hingham MA Real Estate- Condo Market Report May 2011

By
Real Estate Agent with William Raveis Real Estate

Hingham MA Sold Condo Units Report for May 2011

In May of 2011 there were 2 condos that closed within the month for Hingham  Massachusetts. This is a decrease of 3 units, as there were 5 condos that closed in May of 2010.

The Average list price for the condos that closed in Hingham for May of 2010 was $691,580

The Average list price for the condos that closed in Hingham for May of 2011 was $469,450

The Average sale price for the condos that closed in Hingham for May of 2010 was $638,400

The Average sale price for the condos that closed in Hingham for May of 2011 was $443,250

The Average price per square foot for the condos that closed in Hingham for May of 2010 was $329

The Average price per square foot for the condos that closed in Hingham for May of 2011 was $315

The Average Market time for the condos that closed in Hingham in May of 2010 was 160 days.

The Average Market time for the condos that closed in Hingham May of 2011 was 240 days.

There are 3 condos under agreement in Hingham Massachusetts in the month of May. The average list price of the condos that went under agreement was $1,034,833. The average time on the market for these Hingham MA condos was 47days.

** The above statistics are for condo units only and do not include Single or Multi-family homes in Hingham Massachusetts.

In comparing year over year longer term data for Hingham MA, the trend towards more stability in market continues. Both the average sale price  and the average listing price have shown that there is activity at the upper price points.   This can be partly attributed the nominal improvements in the economic environment.  Also the move up buyer is more confident in the current economic environment to make a move, but today’s buyer is more conservative in their purchase behavior.

Hingham, and its highly regarded school system, remains an excellent town for both 1st time home buyers as well as those wishing to move up into the mid ranges of the market.  Hingham offers home styles from Antique Homesto Waterfront Homes, to Condos with many of these home styles offered at various price points.

Below are market reports for single family homes for other towns in the Hingham area:

 

  • Markets reports for Cohasset
  • Market reports for Scituate
  • Market Reports for Weymouth
  • Market reports for Hingham
  • Market reports for Hull
  •  

    Selling a condo in Hingham Massachusetts or other South Shore Towns is heavily dependant on pricing your condo unit properly and picking an agent that will create an “online market presence” for your property. As a condo seller, you need to be aware that the market in Hingham and many other South Shore communities has changed over the last five years. We are no longer in a seller’s market. 

    When selling a condo in Hingham MA, it pays to have a pro in your corner representing you.  Will your agent dominate Google with an internet presence?  Click here to see a brief overview in my online marketing Flip Book Presentation. Here is list of Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a successful broker or not!  Curious about a short sale because you owe more than your condo is worht?  Go to MassForeclosureHelp.com and get answers to your questions.

    About the author: The above Real Estate information about  Hingham MA Sold Condos was provided by Bill Tierney, an Internet savvy REALTOR who covers the South Shore real estate market for Virtual Homes Real Estate. Bill can be reached via email at William.Tierney@VirtualHomes.com or by phone at 617-653-1955. Bill has been a licensed real estate agent for over seven years.

    Thinking of selling your home or condo? I have a passion for Real Estate and would love to share my marketing expertise! I specialize in leveraging today’s technology, such as social media, to maximize your home’s exposure.
    For Massachusetts and Hingham MA Homes for Sale and condos see Hingham MA Real Estate For Sale.

    Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder service.  I service the following towns on the South Shore: Cohasset, Hingham, Hull, Scituate, Marshfield, Norwell, Weymouth, Quincy, Duxbury, and Kingston.  Click here to view Bill Tierney’s Real Estate Profile.

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    Thanks for reading my post.

    Sincerely,

    William "Bill" Tierney

    REALTOR, William Raveis Real Estate

    www.WilliamTierney.net

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