Luxury Homes Sold on the South Shore - October 2013

Luxury Homes Sold on the South Shore - October 2013

The luxury sector represents the top 10% of homes by price in the South Shore market: homes with a list price of $1.25 million or more.

The luxury market is where the action is this season.

15 luxury homes sold on the South Shore in October

• Only 3 sold last October
• A detailed list appears below

There are many lovely luxury homes available on the South Shore right now.

• The listings can be found at Luxury Homes for sale on the South Shore
  

The AVERAGE

• SALE price was $2.13 million
  • up from $1.43 million last October
• LISTING price was $2.32 million
  • up from $1.47 million
• ORIGINAL price was $2.46 million
  • up from $1.57 million

Average = total prices / number of homes

The MEDIAN

• SALE price was $1.65 million
• LISTING price was $1.70 million
• ORIGINAL price was $1.85 million

Median = the home halfway down the list

The average

• number of days on market was 137
  • up from 127 last October
• square footage was 4,391
  • down from 4,774
• price paid per square foot was $481
  • up from $325
• luxury home sold for about 86% of their original asking price and 92% of their last listing price

There are 116 luxury homes on the market on the South Shore today

• That's about 7 1/2 months of inventory
  

11 new properties came on the market in October

• There are nearly as many luxury homes coming on the market as are being sold

Mortgage interest rates are trading around 4 1/4%

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

 Luxury Homes for sale on the South Shore

I love Turning Houses into Homes by helping people like you sell and buy homes on the South Shore

Click on a town name to see all the homes for sale in
Duxbury, Cohasset, Hingham, Kingston, Marshfield, Norwell, Pembroke, Plymouth and Scituate

My business is built on referrals from clients and people like you. If you know of a friend, family member or colleague who is thinking of selling or buying a home, I'd love to help. Please call or write me to arrange an introduction. I will provide professional, courteous service and knowledgeable guidance.

Call or text (339) 832-8487 or write 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