Homes sold in Norwell - November 2013

In Norwell, Massachusetts, sales have slowed, and last month's average sale price was low compared to the trend. The prices paid per square foot were below trend also. Surging prices this summer have been offset now in the slower winter months. With a small inventory, sellers remain in a strong position, but note that most of the recent sales came from homes that had been on the market for only a few months. Buyers with a pre-approval in hand will be in a good position to act when a properly-priced home they are interested in purchasing comes on the market.

7 single-family homes sold in Norwell in November

• down from 12 last month, but up from 6 last November
• the average number of sales in Norwell is 12 a month
• a list with details about each sale appears below

There are many lovely homes available in Norwell right now

• The listings can be found at Norwell homes for sale
  
  

The AVERAGE

• SALE price was $513,000
  • up from $490,000 last month and $507,000 last November
    and down from the 12-month average of $628,000
    
• LISTING price was $537,000
  • up from $523,000 last month and $522,000 last November
    and down from the 12-month average of $652,000
    
    
• ORIGINAL price was $574,000
  • up from $551,000 last month and $537,000 last November
    and down from the 12-month average of $679,000
    
    
• AGE is 82 years (built in 1931)
  

Average = total prices / number of homes

The MEDIAN

• SALE price was $479,000
• LISTING price was $489,000
• ORIGINAL price was $499,000
• ASSESSMENT was $538,000

Median = the home halfway down the list

The average

• number of days on market was 86
  • down from 137 last month and 113 last November
    and down from the 12-month average of 107
    
    
• square footage was 2,405
  • up from 2,332 last month, but down from 2,699 last November
    and down from the 12-month average of 2,793
    
    
• price paid per square foot was $216
  • the same as last month, and up from $183 last November
    and down from the 12-month average of $227
    
    
• home sold for about 89% of its original asking price and 96% of its last listing price
  • up from the 12-month average of 93% of the last listing price

64 single-family homes are on the market in Norwell today

• That's 9 months of inventory

3 new properties came on the market in November

• 19 homes are under agreement or contingent

Mortgage interest rates are trading around 4 1/2%

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

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Duxbury, Cohasset, Hingham, Kingston, Marshfield, Norwell, Pembroke, Plymouth and Scituate

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Numbers may be rounded to nearest thousand. The information contained in this report, Homes sold in Norwell - November 2013, was taken from MLS Data run on 12/04/2013 and represents all single-family home sales in Norwell from 11/01/2013 to 11/30/2013. 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.