The luxury sector represents the top 10% of homes by price in the South Shore Massachusetts real estate market: homes with a list price of $1.25 million or more.
The luxury market continues to be moderately busy, especially for mid-winter.
With square footage up, and average sales prices steady, the decrease in days on the market points to a favorable market for sellers who are prepared to make a transaction happen.
10 luxury homes sold on the South Shore in November
- 15 sold in October
- 7 sold last November
- 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 $2.11 million
- down from $2.13 million in October, but up from $1.68 million last November
-
LISTING price was $2.35 million
- up from $2.32 million in October and $1.82 million last November
-
ORIGINAL price was $2.46 million
- up from $2.38 million in October and $2.10 million last November
- AGE was 46 years (built in 1967)
Average = total prices / number of homes
The MEDIAN
- SALE price was $1.95 million
- LISTING price was $1.95 million
- ORIGINAL price was $1.95 million
- ASSESSMENT was $1.83 million
Median = the home halfway down the list
The average
-
number of days on market was 71
- down from 137 last month and 127 last November
-
square footage was 4,796
- up from 4,391 last month and 4,367 last November
-
price paid per square foot was $466
- down from $481 last month, but up from $325 last November
- luxury home sold for about 86% of its original asking price and 90% of its last listing price, which is consistent with recent history
There are 85 luxury homes on the market on the South Shore today
-
That's 8 1/2 months of inventory
6 new properties came on the market in November
- 2 properties are under agreement
Mortgage interest rates are trading around 4 3/8%
- 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
Comments (5)Subscribe to CommentsComment