Homes sold in Cohasset - October 2013

By
Managing Real Estate Broker with Brad MacKenzie
https://activerain.com/droplet/46vw

Homes sold in Cohasset - October 2013

131 Atlantic Avenue, Cohasset, sold October 2013Some remarkable things happened in Cohasset, Massachusetts, last month. With autumn upon us, and seasonally slower sales, 6 of the 8 closed sales were for more than $1 million. The average sales price was over $2 million. This follows the previous month when 5 out of 9 home sales were for more than $1 million. 

The average list price is now $1,653,000, and the median list price is $945,000.

Three of the homes sold in October were built in the first half of the 19th century.

single-family homes sold in October

  • down from 9 last month and up from 6 last October
  • a list with details about each property appears below

The AVERAGE

  • SALES price was $2,082,000
    • up from $1,036,000 last month and $512,000 last October
  • LISTING price was $2,315,000
    • up from $1,141,000 last month and $540,000 last October
  • ORIGINAL price was $2,475,000
    • up from $1,240,000 last month and $554,000 last October
  • ASSESSMENT was $1,609,000

  • AGE is 83 years (built in 1930)

Average = total prices / number of homes

131 Atlantic Avenue, Cohasset, sold October 2013
The MEDIAN

  • SALES price was $2,140,000
  • LISTING price was $2,295,000
  • ORIGINAL price was $2,295,000
  • ASSESSMENT was $1,653,000

Median = the home halfway down the list


The average

  • number of days on market was 130
    • up from 126 last month and 187 last October
  • square footage was 4,300
    • up from 3,461 last month and 1,950 last October
  • price paid per square foot was $460
    • down from $290 last month $276 last October
  • home sold for about 84% of its original asking price and 90% of its last listing price

91 single-family homes are on the market in Cohasset today

  • That's 11 months of inventory, and slowly rising

11 new properties came on the market in October

  • 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

 

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

 

Cohasset sold October 2013

Numbers may be rounded to nearest thousand. The information contained in this report, Homes sold in Cohasset - October 2013, was taken from MLS Data run on 10/04/2013 and represents all single-family home sales in Cohasset from 10/01/2013 to 10/31/2013. 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.

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october 2013

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Ambassador
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Anna Banana Kruchten Arizona's Top Banana!
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Brad what an interesting market you've got then what we have here in PHX.  Average age 0f 83 years old and average price at 1.6M.  Our market is so new compared to yours, it's hard to even compare the two.

Nov 05, 2013 12:43 PM #1
Rainer
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Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

Yes, Anna, that's so true. The styles are so different, too. Also, Phoenix has worked around one large mountain, stopping on one side where the elevation rises, but that leaves lots of room for huge freeways and large urban populations. The streets of Boston are famous for their origin as cow paths that wind around in loopy one-way configurations that are nothing like the grid in Phoenix and its exurbs.

This coastal population has built homes and roads near beaches and marshes, and through the woods and ponds, leaving many of the trees and natural features unpaved, though not unmolested.

Here, the entire population of the nine South Shore communities I serve, from Hingham, south of Boston, to Plymouth, north of Cape Cod, would fit inside Mesa. Cohasset would be a neighborhood in Scottsdale. Here, one highway, Route 3, is the only major artery through the area, north to south.

Route 195 is the road people take to and from Cape Cod from Connecticut and New York City, heading west from the South Shore toward Providence, Rhode Island. Route 44 cuts across to the outer ring road of 495, quite a ways inland, from the southern part of the South Shore. To get to western Massachusetts, one goes to the north end of Route 3 and takes Route 95 to the Mass Pike. That's it for major highways to and through the South Shore!

 

 

Nov 05, 2013 08:01 PM #2
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Brad, I love that place in the top photo!  Geeze,  you'd need a butler if you lived in that place!

Nov 05, 2013 10:15 PM #3
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Rainer
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Brad MacKenzie

Turning Houses into Homes on the South Shore
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