Norwell, Massachusetts, has become a surging little market on the South Shore over the past year. December was better than a year ago, and all the numbers have been moving in the direction of sellers' advantage most of the year.
Many market watchers and professional participants expect a substantial number of homes to come on the market this spring but, for the time being, there aren't many available. With sales happening promptly and at higher prices (and higher prices per square foot), sellers are in a strong position.
Buyers with a pre-approval in hand will be in a good position to act, if they act promptly, when a home they are interested in purchasing comes on the market.
13 single-family homes sold in Norwell in December
- up from 7 last month, and 10 last December
- the average number of sales in Norwell is 12 a month
- a list with details about each sale appears below
146 single-family homes sold in 2013
- up from 119 in 2012
- if you'd like a list of all the 2013 sales, please write me here
The current list of homes for sale in Norwell can be found at Norwell homes for sale
The AVERAGE
-
SALE price was $680,000
- up from $513,000 last month and $500,000 last December
and up from the 12-month average of $640,000
- up from $513,000 last month and $500,000 last December
-
LISTING price was $699,000
- up from $537,000 last month and $524,000 last December
and up from the 12-month average of $664,000
- up from $537,000 last month and $524,000 last December
-
ORIGINAL price was $721,000
-
up from $574,000 last month and $537,000 last December
and up from the 12-month average of $692,000
-
up from $574,000 last month and $537,000 last December
-
AGE is 22 years (built in 1991)
Average = total prices / number of homes
The MEDIAN
- SALE price was $712,000
- LISTING price was $730,000
- ORIGINAL price was $800,000
- ASSESSMENT was $1,179,000
Median = the home halfway down the list
The average
-
number of days on market was 73
- down from 86 last month and 87 last December
and down from the 12-month average of 103
- down from 86 last month and 87 last December
- square footage was 3,065
- up from 2,506 last month and 2,441 last December
and up from the 12-month average of 2,830
- up from 2,506 last month and 2,441 last December
-
price paid per square foot was $230
-
up from $216 last month, and up from $208 last December
and up from the 12-month average of $229
-
up from $216 last month, and up from $208 last December
- home sold for about 94% of its original asking price and 97% of its last listing price
- up from the 12-month average of 96% of the last listing price
49 single-family homes are on the market in Norwell today
- That's 4 months of inventory, which is low
3 new properties came on the market in December
- 1 home is under agreement
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 will cost 12% more
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Duxbury, Cohasset, Hingham, Kingston, Marshfield, Norwell, Pembroke, Plymouth and Scituate
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Call or text (339) 832-8487 or write me to sell your home, or to see any home for sale on the South Shore
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Numbers may be rounded. The information contained in this report, Homes sold in Norwell - December 2013, was taken from MLS Data run on 1/04/2014 and represents all single-family home sales in Norwell from 12/1/2013 to 12/31/2013 or the relevant period for the data shown. 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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