First Quarter 2013 Market Report for Milton MA

By
Real Estate Agent with Buyers Brokers Only LLC - www.BuyersBrokersOnly.com MA Broker Lic 148149
We recently completed first quarter for 2013.  Hard to believe how quickly time flies.  Time to look at the real estate market in Milton MA for first quarter of 2013.
 
From January 1, 2013 - March 31, 2013, there were 29 single family homes sold in Milton, MA*. The lowest priced home sold for $125,00.00 and the highest priced home sold for $1,225,000.00. The average sales price for this period was $557,000.00.  
 
The first quarter of 2013 saw the lowest number of sales in Milton MA for the past five years.  The chart below shows home sales in Milton for the first quarter over the past five years.  
 
milton ma real estate
 
 
It has been such a busy real estate market so you're wondering, why are sales down?  The reason is simple.  It is the low inventory that is a problem throughout our local markets, and from what I am hearing, across the country.  Low inventory and high demand has made it a Seller's market and that translated to an increase in prices in Milton for the first quarter of 2013.  Here is a chart showing average sales prices in Milton for the first quarter over the past five years.
 
milton ma real estate
 
Being named in 2011 as the second best small town in the United States, plus its proximity to Boston, access to public transportation, good schools and outdoor reacreational opportunities all continue to keep Milton MA as a desirable place to live. 
 
The birthplace of the American Revolution with the signing of the Suffolk Resolves, Milton MA celebrated its 350th anniversary in 2012.
 
Are you ready to call Milton MA your home? Contact your Milton MA Buyer Broker for a complete listing of single family homes for sale in Milton MA.
 
*All data is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not inlcuded in those numbers.

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Lenn Harley 05/01/2013 10:43 PM
Topic:
Real Estate Market Trends
Location:
Massachusetts Norfolk County Milton About Milton
Groups:
Market Updates
Local Expert
Local Real Estate Market Reports
Market Reports
Tags:
milton ma real estate
milton ma buyer broker
milton ma market report
milton ma single family home sales

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Rainmaker
1,965,647
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Colorful market report that is up to the minute...great post.

May 01, 2013 10:31 PM #1
Ambassador
2,745,009
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Low inventory?  Simple.  Negative equity.   There are millions of home owners across the country and in MA that would love to sell and move on, move up, move down, etc.  if they could simply sell what they have. 

 

May 01, 2013 10:37 PM #2
Rainmaker
1,388,637
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Christine, low inventory seems to be a problem in a number of places. As Lenn (#2) mentions, it may take a little while until owners with negative equity get in a position to sell.

May 01, 2013 10:47 PM #3
Rainmaker
570,170
Christine Smith
Buyers Brokers Only LLC - www.BuyersBrokersOnly.com - Canton, MA
Exclusive Buyer Agent & Attorney, Canton, MA

How did a market report get featured?  Go figure.  I apologize in advance as I am about to head out the door for the day for 2 home inspections and a couple of showings so I know I will not get to respond to all.

Andrew...the Milton colors are red & white - thus the feature of those colors in the market report.  (HINT: if you read the Canton market reports you will figure out the Canton colors!)

Lenn...negative equity is part of what is causing the low inventory, of course as many are waiting tosell.  However, we are also seeing price increases locally in Milton and Sharon, for example, with prices at or above where they were before.  

May 01, 2013 10:48 PM #4
Ambassador
1,614,350
Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

There seems to be low inventory across America. Low inventory and low rates keeps prices high.

May 01, 2013 11:26 PM #5
Ambassador
801,769
Brad Andersohn
Executive Director of Education at eXp Realty - Fairfield, CA
ActiveBrad - 707.646.1876

Lot's of listing opportunity out there, prices are on the rise... and YOU are the agent people need to be working with in your area!!!  Knowing the market and how to share it is what makes you "STAND OUT above the crowd" Christine!  :-)

May 02, 2013 12:26 AM #6
Rainer
405,683
Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

Must be the pink background.  Who knows?  Stay busy!

May 02, 2013 06:38 AM #7
Rainmaker
281,030
Gail C. Harris
Resource Network, LLC SFR, AHWD, ACRE, SMAR Board Director - Chesapeake Beach, MD
Reach the BEACH with Gail C. Harris (cell: 703.868

You're right.  We are experiencing the same thing.  Lots of buyers but no inventory.  No VA and DC are coming back and even the Annapolis area has seen a spike in inventory because home sale prices are going up in leaps and bounds there but it hasn't it here yet.  We are about 9 to 12 months behind here at the beach.  :)

 

May 06, 2013 11:38 PM #8
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