Homes sold in Kingston - September 2013

By
Managing Real Estate Broker with Brad MacKenzie

Homes sold in Kingston - September 2013

73 Crimson Harvest Drive, KingstonThe busy summer for home sales in Kingston, Massachusetts, slowed dramatically in September, as it usually does at this time of year, and prices retreated on thin volume.

single-family homes sold in September

  • down from 19 in August and 13 in September 2012
  • a list with details about each sale appears below

The AVERAGE

  • SALES price was $378,000
    • down from $439,000 in August but up from $270,000 last September
  • LISTING price was $381,000
    • down from $452,000 in August but up from $277,000 last September
  • ORIGINAL price was $390,000
    • down from $461,000 in August but up from $290,000 last September
  • ASSESSMENT was $252,000
  • AGE is 30 years (built in 1983)

Average = total prices / number of homes

10 West Street, Kingston
The MEDIAN

  • SALES price was $491,000
  • LISTING price was $400,000
  • ORIGINAL price was $400,000
  • ASSESSMENT was $48,000

Median = the home halfway down the list. This is an anamolous example: new construction with built-outs not included in the listing price.


The average

  • number of days on market was 77
    • down from 81 in August and 112 last September
  • square footage was 2,069
    • down from 2,303 in August but up from 1,705 last September
  • price paid per square foot was $198
    • down from $199 in August but up from $164 last September
  • homes sold for about 97% of its original asking price and 99% of its last listing price
    • but that's skewed upwards by 3-4% by the one sale out of the eight that sold for $91,000 over asking price

87 single-family homes are on the market in Kingston today

  • That's 11 months of inventory, and rising

24 new properties came on the market in September

  • 10 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 Kingston, properly priced homes are selling quickly, while others are languishing. At the same time, there are clearly prepared buyers in the market, pre-approvals in hand, looking for the right property to come up for sale. Overall, prices in Kingston have recovered quite a bit since last year, but the end of summer is likely to be the start of a bit of a retreat over the fall and winter.

 

I love helping people like you sell and buy homes on the South Shore, quickly and for the best price, in KingstonCohassetHinghamKingstonMarshfieldNorwellPembrokePlymouth and Scituate

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
Stay in touch at Brad MacKenzie HomesKingston Homes and Luxury Homes on the South Shore

 

Kingston Sold September 2013


Numbers may be rounded to nearest thousand. The information contained in this report, Homes sold in Kingston - September 2013, was taken from MLS Data run on 10/03/2013 and represents all single-family home sales in Kingston 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.

Comments (6)

Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Brad, This is good information and will help buyers and sellers make decision about real estate in Kingston.

Oct 09, 2013 10:24 AM
Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

Thanks, Debbie. I hope that it does. It's a great community.

Oct 09, 2013 12:55 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Brad, even in a HOT market there will be properties that lanquish -- it's important to not overlook the basics -- proper presentation, ease of showing and the right price to make sure the Realtor community and the buyers who are buying are aware.   

Oct 09, 2013 05:50 PM
Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

So true, Michael. I hope that message is coming through. Perhaps I need to take it out of the subtext and be more explicit, though, because you make good points.

Oct 09, 2013 11:54 PM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Brad - Anyone looking to buy or sell their Kingston home definitely has to contact you, it's clear you know exactly what is taking place in the Kingston real estate market.

Oct 10, 2013 05:14 AM
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Brad,

Prices down but selling price being 97% of asking price sounds really good!  

Oct 10, 2013 10:14 AM