Homes sold in Cohasset - December 2013

By
Managing Real Estate Broker with Brad MacKenzie
https://activerain.com/droplet/4999

32 Norman Todd, Cohasset, Sold December 2013The pace of home sales in Cohasset, Massachusetts, was sleepy during December, and the average sales price was down, since there weren't as many million-dollar sales as there have been most months in 2013.

There is still a backlog of properties that are under agreement or have contingent deals. Total inventory is quite low, by historical standards. 

single-family homes sold in December

  • down from 10 in November and 7 last December
  • a list with details about each property appears below
  • 116 homes sold in Cohasset in 2013
    • compared to 113 in 2012
  • if you'd like a list of all the 2013 sales, please write me here

A list of the homes available in Cohasset right now can be found at Cohasset homes for sale

The AVERAGE

  • SALES price was $854,000
    • down from $1,420,000 last month and $1,518,000 last December
    • the average sale price for all of 2013 was $1,060,000
  • LISTING price was $892,000
    • down from $1,524,000 last month and $1,681,000 last December
    • the average list price for all of 2013 was $1,126,000
  • ORIGINAL price was $1,053,000
    • down from $1,560,000 last month and $1,956,000 last December
    • the average original price for all of 2013 was $1,182,000
  • AGE is 69 years (built in 1944)

Average = total prices / number of homes

32 Norman Todd, Cohasset, Sold December 2013
The MEDIAN

  • SALES price was $970,000
  • LISTING price was $985,000
  • ORIGINAL price was $985,000
  • ASSESSMENT was $837,000

Median = the home halfway down the list


The average

  • number of days on market was 123
    • up from 101 in November, but down from 138 last December
    • the average for all of 2013 was 112 days
  • square footage was 2,726
    • down from 3,855 last month and 3,634 last December
    • the average for all of 2013 was 3,239 square feet
  • price paid per square foot was $300
    • down from $333 last month and $363 last December
    • the average for all of 2013 was $325 per square foot
  • home sold for about 90% of its original asking price and 95% of its last listing price

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

  • That's 9 months of inventory, but total inventory is falling and low by historical standards
  • 22 homes are now contingent or under agreement

1 new property came on the market in December

Mortgage interest rates are trading around 4 1/2%

  • At 4.5%, the monthly payment per $100,000 of principal loan amount is $506
  • At 5.0%, the payment would be $536
  • At 5.5%, the payment would be $568
    • If interest rates rise 1.0% this year, 30-year mortgages would cost 12% more

 

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 
DuxburyCohassetHinghamKingstonMarshfieldNorwellPembrokePlymouth 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

Cohasset sold December 2013

Numbers may be rounded. The information in this report, Homes sold in Cohasset - December 2013, was taken from MLS Data run on 1/04/2014 and represents all single-family home sales in Cohasset from 12/01/2013 to 12/31/2013 or the relevant time for the period presented. 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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Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Well done Brad, you report is easy to understand, especially for possible buyer and sellers that may in the market now or in the near future.

Jan 08, 2014 06:25 PM #1
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Seems like inventory is low all around the country. I am actually struggling to find condos for our buyer clients...

Jan 08, 2014 08:21 PM #2
Rainer
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Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

Me, too, Larry and Sheila!

Jan 08, 2014 10:06 PM #3
Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Easy to understand Brad. I hope lots of buyers and sellers see this and call you.

Jan 09, 2014 03:50 AM #4
Rainer
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Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

I hope so, too, Debbie. That would make their home transaction easier for them, and put more money in their pockets.

Jan 10, 2014 11:04 AM #5
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Rainer
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Brad MacKenzie

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