Cohasset Homes For Sale and Sold - January 2014

In Cohasset, Massachusetts, January home sales were up compared to the previous January, and while sales prices were below average, the other statistics reflect a very healthy marketplace that stands to benefit both buyers and sellers.

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

11 single-family homes sold in January

• up from 6 in December and 6 last January
  • 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 $777,000
  • down from $854,000 last month and $872,000 last January
  • the average sale price for all of 2013 was $1,060,000

• LISTING price was $873,000
  • down from $892,000 last month and $911,000 last January
  • the average list price for all of 2013 was $1,126,000

• ORIGINAL price was $922,000
  • down from $1,053,000 last month and $932,000 last January
  • the average original price for all of 2013 was $1,182,000

• AGE is 49 years (built in 1965)

Average = total prices / number of homes

The MEDIAN

• SALES price was $535,000
• LISTING price was $540,000
• ORIGINAL price was $559,000
• ASSESSMENT was $484,000

Median = the home halfway down the list

The average

• number of days on market was 97
  • down from 123 in December, but up from 71 last January
  • the average for all of 2013 was 112 days

• square footage was 2,290
  • down from 2,726 last month and 4,328 last January
  • the average for all of 2013 was 3,239 square feet

• price paid per square foot was $353
  • up from $300 last month and $212 last January
  • the average for all of 2013 was $325 per square foot

• home sold for about 84% of its original asking price and 95% of its last listing price
  
  • the average for all of 2013 was 90% of the original and 94% of the last listing price

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

• That's 5 months of inventory and low by historical standards
• 26 homes are now contingent or under agreement

7 new properties came on the market in January

Mortgage interest rates are trading around 4 1/4%

• 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 
Duxbury, Cohasset, Hingham, Kingston, Marshfield, Norwell, Pembroke, Plymouth 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

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Cohasset Homes for Sale

Numbers may be rounded. The information in this report, Cohasset Homes For Sale and Sold - January 2014, was taken from MLS Data run on 2/6/2014 and represents all single-family home sales in Cohasset from 1/1/2014 to 1/31/2014 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. ©2014 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.