It appears that Canton MA home sales leveled off a little last month. The average sales price dipped down as well. Buyers and Sellers both have something to be happy about with these numbers.
According to the MLS Property Information Network, a total of 18 Canton MA homes were sold in August 2014. This is a slight decrease from last year's total of 19 homes sold. At the lower end of the spectrum, a 3 bed/1.5 bath 1267 square foot Cape-style home sold for $250,000 after 24 days on the market. That was $11,100 over the listing price. At the top end, a 4 bed/2.5 bath 2700 square foot Colonial in Pheasant Ridge Estates sold for $750,000 after just 11 days on the market. That was $10,000 over listing price.
The average sale price for a Canton MA home was $479,229, a 6.8% decrease from the same time last year. The list price to sale price ratio increased slightly, from 98% in August 2013 to 99% in August 2014. The total days on market increased from 46 in 2013 to 55 in 2014. Out of the 18 total Canton MA homes sold last month, seven spent less than 30 days on the market and seven were sold at or above list price, with a few more selling just under.
What does this mean for the Canton MA home buyer? Prices have definitely come down a bit. That is always great news for a Buyer. Keep in mind, though, that homes are selling close to or over the list price in many cases. As I've suggest before, get your financial backing in order before you start looking. That way you are prepared to strike while the iron is hot when you find that Canton MA home you absolutely, positively must have. When you are ready to start looking, contact your Canon MA Buyer Broker.
*All data used in this blog post is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not included in those numbers.
Christine Smith, Buyers Brokers Only LLC - Your Exclusive Buyer Agent in Norfolk County
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