Homes sold in Plymouth - December 2013

In Plymouth, Massachusetts, sales were steady in December 2013 compared to December 2012, but the prices were lower than average, when compared to November, last December and the second half of 2012.

December is often a tough month from which to draw conclusions, since year-end and seasonal patterns tend to obscure longer-term trends and create other anomalies. Nevertheless, there was a drawdown in the number of homes available at the same time that the number of days on market fell.

Together with the other data, this indicates a market that is beginning to favor sellers, even though that advantage has not shown up in higher prices. It seems, however, to be benefiting sellers who properly price their homes, and can therefore sell them quite rapidly.

Still, buyers have several options in every price range. With a pre-approval in hand, prepared buyers should be able to buy the home they want when it comes on the market.

53 single-family homes sold in Plymouth in December

• up from 43 last month and the same as last December
• A list with details about each sale appears below

656 homes sold in Plymouth in 2013

• All the homes available in Plymouth right now can be found at Plymouth homes for sale

The AVERAGE

• SALE price was $286,000
  • down from $366,000 last month and $288,000 last December
  • the average for the second half of 2013 was $306,000

• LISTING price was $294,000
  • down from $382,000 last month and $300,000 last December
  • the average for the second half of 2013 was $319,000

• ORIGINAL price was $300,000
  • up from $395,000 last month and $322,000 last December
    
  • the average for the second half of 2013 was $335,000

• AGE is 41 years (built in 1972)

Average = total prices / number of homes

The MEDIAN

• SALE price was $255,000
  • down from $300,000 last December
  • and compared to $285,000 for all of 2013
• LISTING price was $260,000
• ORIGINAL price was $260,000
• ASSESSMENT was $257,000

Median = the home halfway down the list

The average

• number of days on market was 74
  • down from 91 last month and 120 last December
    
  • the average for the second half of 2013 was 110 days
• square footage was 1,642
  • down from 2,011 last month and 1,915 last December
  • the average for the second half of 2013 was 1,913
• price paid per square foot was $186
  • up from $181 last month and $155 last December
    
  • the average for the second half of 2013 was $167
• home sold for about 95% of its original asking price and 97% of its last listing price
  • For the second half of 2013, it sold for 91% of its original price and 95% of its last price 

260 single-family homes are on the market in Plymouth today

• That's 5 months of supply, and relatively low

36 new properties came on the market in December

• 98 properties are currently 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
• 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 helping people like you sell and buy homes on the South Shore, quickly and for the best price, in Duxbury, Cohasset, Hingham, Kingston, Marshfield, Norwell, Pembroke, Plymouth and Scituate

If you know someone who is considering buying or selling a home, please give me a call. I will provide professional, courteous service and knowledgeable guidance.

Contact me to sell your home, or to see any home for sale on the South Shore

Stay in touch at Brad MacKenzie Homes, Duxbury Homes and Luxury Homes on the South Shore

Numbers may be rounded. The information contained in this report, Homes sold in Plymouth - December 2013, was taken from MLS Data run on 1/03/2013 and represents all single-family home sales in Plymouth from 12/1/2013 to 12/31/2013 or the relevant period indicated. 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.