For the 1st quarter of 2013, the Westfield real estate market remained steady when compared to the same time period last year. The number of homes listed during the first three months of 2013 dropped 2 percent, with 195 homes listed in 2013 and 197 listed in 2012. Homes sold jumped up 27 percent, with 127 homes selling in 2013 and 100 selling in 2012. Also making an improvement was average sales price, up 27 percent, and average high sales price, up 104 percent. Homes sold faster and for closer to their list price in 2013 as well. In 2013, homes sold on average in 93 days, down 15 percent from 2012 and sellers received 97 percent of list price when selling.
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Westfield Real Estate Statistics— 1st Quarter, January-March 2013 |
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|
1st Quarter 2013 |
1st Quarter 2012 |
% Change |
|
Listed homes |
195 |
197 |
-2% |
|
Sold listings |
127 |
100 |
27% |
|
Pending listings |
60 |
n/a |
n/a |
|
Average Sales Price |
$252,756 |
$198,837 |
27% |
|
Low Sales Price |
$55,000 |
$58,000 |
-6% |
|
High Sales Price |
$1,500,000 |
$735,000 |
104% |
|
Average Days on Market |
93 |
109 |
-15% |
|
Average List Price to Sale Price |
97% |
96% |
1% |
Source: MIBOR, January 1-March 30, 2012 and 2013
* This information is deemed reliable but not guaranteed.
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