Homes sold in Norwell - September 2013

Norwell, Massachusetts, has had a contrary month, compared to other South Shore towns. Sales are up (they are down elsewhere), prices are up substantially, but the prices paid per square foot is down. This summer has seen a significant advance in average prices, especially when compared with last year at the same time.

13 single-family homes sold in Norwell in September

• up from 9 in August and 12 last September
• a list with details about each sale appears below

The AVERAGE

• SALE price was $690,000
  • up from $631,000 in August and $465,000 last September
    
• LISTING price was $719,000
  • up from $644,000 in August and $487,000 last September
• ORIGINAL price was $732,000
  • up from $681,000 in August and $509,000 last September
• ASSESSMENT was $587,000
  
• AGE is 71 years (built in 1942)
  

Average = total prices / number of homes

The MEDIAN

• SALE price was $640,000
• LISTING price was $665,000
• ORIGINAL price was $665,000
• ASSESSMENT was $634,000

Median = the home halfway down the list

The average

• number of days on market was 64
  • up from 61 in August and down from 125 last September
• square footage was 3,126
  • up from 2,323 in August and 2,129 last September
• price paid per square foot was $224
  • down from $261 in August and $230 last September
• home sold for about 94% of its original asking price and 96% of its last listing price

90 single-family homes are on the market in Norwell today

• That's 7 months of inventory

20 new properties came on the market in September

• 15 homes are under agreement or contingent

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 Norwell, prices have continued to advance, and a few homes have had multiple offers. Overall, the homes that have sold have been priced near their final sales price.

It seems that, in Norwell, prices are seeing a resurgence, perhaps from somewhat depressed prices last year. With a fairly small inventory, sellers remain in a strong position, but should note that most of the recent sales came from homes that had been on the market for only a few months or less. Buyers with a pre-approval in hand will be in a good position to act when a properly-priced home they are interested in purchasing comes on the market.

I love helping people like you sell and buy homes on the South Shore, quickly and for the best price, in Duxbury, Cohasset, Hingham, Kingston, Marshfield, Norwell, Pembroke, Plymouth and Norwell

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.

Contact me to sell your home, or to see any home for sale on the South Shore
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Numbers may be rounded to nearest thousand. The information contained in this report, Homes sold in Norwell - September 2013, was taken from MLS Data run on 10/04/2013 and represents all single-family home sales in Norwell 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.