South Shore condo sales - October 2013

October condominium sales in the towns of Cohasset, Duxbury, Hingham, Kingston, Marshfield, Norwell, Pembroke, Plymouth and Scituate

In the South Shore, Massachusetts, condo market, condos are selling in all price ranges, with supply and demand fairly well-matched. The three highest-priced sales were at full price, and nearly all the sales were within 5% of the last offering price. Overpricing should be a seller's greatest concern in this market.

38 condominiums sold on the South Shore in October

• Down from 48 in August
• The most expensive are in Hingham, the least expensive are in Plymouth
• A detailed list appears below

The AVERAGE

• SALE price was $360,000
  • down from $369,000 in August
• LISTING price was $369,000
  • down from $378,000
• ORIGINAL price was $374,000
  • down from $386,000

Average = total prices / number of homes

The MEDIAN

• SALE price was $420,000
• LISTING price was $420,000
• ORIGINAL price was $450,000

Median = the home halfway down the list

The average

• number of days on market was 113
  • down from 117 in August
• square footage was 1,763
  • down from 1,775
• price paid per square foot was $198
  • down from $203
• condos continue to sell for about 96% of their original asking price and 98% of their last listing price

There are 202 condominiums on the market on the South Shore today

• That's about 5 months of inventory, which is relatively low
• But about the same as two months ago

34 new properties came on the market in October

• Inventory is down slightly since August

Mortgage interest rates are trading around 4 1/4%

• At 4.5%, the monthly payment per $100,000 of principal loan amount is $506

Contact me to sell your home, or to arrange a private showing of any condo for sale on the South Shore

View all the condos for sale on the South Shore at South Shore Condos for sale 

Numbers may be rounded to nearest thousand. The information contained in this report, South Shore condo sales - October 2013, was taken from MLS Data run on 11/04/2013 and represents all condominium sales in the nine South Shore towns described above 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.