Cohasset - 2013 home sales summary

By
Managing Real Estate Broker with Brad MacKenzie
https://activerain.com/droplet/49zP

32 Norman Todd, Cohasset, Sold December 2013Cohasset, Massachusetts, had an average home sale price of over $1 million in 2013, up 24% from the average in 2012. The median sale price was up 31%. The total number of sales was flat, while the days on market fell 22%, and the average size of the homes sold increased 15%. 

Cohasset was the big story in South Shore real estate sales for 2013.

Overall, what we saw in Cohasset in 2013 was a wave of buying by people willing to buy, bigger, more expensive homes. In fact, there were 41 sales for more than $1 million, compared to 28 last year, on almost the same number of total sales.

116 single-family homes sold in 2013

  • up from 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

For 2013, the AVERAGE

  • SALES price was $1,060,000
    • the average sale price in 2012 was $854,000
  • LISTING price was 1,126,000
    • the average list price in 2012 was $920,000
  • ORIGINAL price was $1,182,000
    • the average original price in 2012 was $991,000
  • 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 $960,000
    • up from $735,000 in 2012
  • LISTING price was $980,000
  • ORIGINAL price was $980,000
  • ASSESSMENT was $838,000

Median = the home halfway down the list


The average

  • number of days on market was 112
    • the average in 2012 was 143 days
  • square footage was 3,239
    • the average in 2012 was 2,816 square feet
  • price paid per square foot was $325
    • the average in 2012 was $298 per square foot
  • home sold for about 90% of its original asking price and 95% of its last listing price
    • compared to 86% of the original price and 93% of the last price in 2012

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

Photos of 11 Deep Run, Cohasset, sold by Christine Powers, Coldwell Banker. Numbers may be rounded. The information in this report, Cohasset - 2013 home sales summary, was taken from MLS Data run on 1/04/2014 and represents all single-family home sales in Cohasset from 1/01/2013 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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Topic:
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Massachusetts Norfolk County Cohasset
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Luxury Real Estate
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Tags:
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Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I had heard that people were buying bigger homes again. I would say that is a sign that the confidence is returning in th market.

Jan 17, 2014 05:43 AM #1
Rainmaker
2,885,661
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Brad, This is a very comprehensive and detailed report. This shows your knowledge of the market and why home buyers and home sellers want to hire you to represent them.

Jan 17, 2014 07:22 AM #2
Rainer
405,708
Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

Yes, Debbie. Certainly in the high-end in Cohasset.

Thanks, Kathleen. This is just the start of what I do for my clients, of course.

Jan 17, 2014 08:12 AM #3
Rainmaker
1,343,529
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Brad - Wow that is a HUGE price increase since 2013, the Cohasset real estate market is definitely headed in the right direction.

Jan 17, 2014 10:22 AM #4
Rainmaker
473,130
Sondra Meyer:
Star View Real Estate - Colorado Springs, CO
See It. Experience It. Live It.

Too bad for the owners of the house with cranberry colored carpet that theirs wasn't among  the closed statistics because the husband didn't want to heed your advice. 

I hope you have a great weekend Brad.

Jan 17, 2014 11:39 AM #5
Rainmaker
2,333,741
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Brad. In Marshield this weekend and now waiting for a beautiful sunrise. Nice job with your report.

Make it a great weekend!

Jan 17, 2014 07:38 PM #6
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Rainer
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Brad MacKenzie

Turning Houses into Homes on the South Shore
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