Homes sold in Cohasset - September 2013
Cooler weather usually means a cooler real estate market for homes in Cohasset, Massachusetts, and this year is no exception. Still, home prices are rising, even when the highest-priced sales are excluded. One home sold for $2.15 million, and five of the nine sales were for more than $1 million.
9 single-family homes sold in September
- down from 22 in August and up from 6, mostly older, homes last September
- a list with details about each property appears below
The AVERAGE
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SALES price was $1,036,000
- up from $859,000 in August, $1,008,000 in July and $804,000 last September
- up from $859,000 in August, $1,008,000 in July and $804,000 last September
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LISTING price was $1,141,000
- up from $891,000 in August, $1,038,000 in July and $879,500 last September
- up from $891,000 in August, $1,038,000 in July and $879,500 last September
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ORIGINAL price was $1,240,000
- up from $928,000 in August, $1,054,000 in July and $958,000 last September
- up from $928,000 in August, $1,054,000 in July and $958,000 last September
- ASSESSMENT was $982,000
- AGE is 69 years (built in 1944)
Average = total prices / number of homes
The MEDIAN
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SALES price was $970,000
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LISTING price was $1,115,000
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ORIGINAL price was $1,115,000
- ASSESSMENT was $766,000
Median = the home halfway down the list
The average
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number of days on market was 126
- up from 106 in August, an incredibly low 46 in July, and 171 last September
-
square footage was 3,461
- up from 2,817 in August and 2,613 last September
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price paid per square foot was $290
- down from $304 in August $327 last September
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home sold for about 84% of its original asking price and 90% of its last listing price
- Most homes sold much closer to their assessed value than to their original asking price
97 single-family homes are on the market in Cohasset today
- That's 10 months of inventory
14 new properties came on the market in September
- inventory is rising while sales are slowing
Mortgage interest rates are trading around 4 1/4%
- At 4.5%, the monthly payment per $100,000 of principal loan amount is $506
In Cohasset, the market has slowed considerably, with only one sale higher than asking price. That sale was the only one from new inventory last month, prompting a concern about sellers' price expectations. Buyers with a pre-approval in hand have time to evaluate the options and make a considered buying decision.
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If you know someone who is considering buying or selling a home, please give me a call. I will provide professional, courteous service and knowledgeable guidance.
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Numbers may be rounded to nearest thousand. The information contained in this report, Homes sold in Cohasset - September 2013, was taken from MLS Data run on 10/04/2013 and represents all single-family home sales in Cohasset from 09/01/2013 to 09/30/2013. It is deemed reliable but cannot be guaranteed. It is not our intention to solicit other real estate broker’s clients. We are happy to work with them and cooperate fully. ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Employer. Equal Housing Opportunity. Owned and operated by NRT, LLC.
