January 2015 Milton MA Home Sales Report

By
Real Estate Agent with Buyers Brokers Only LLC - www.BuyersBrokersOnly.com MA Broker Lic 148149

Last year may have gone out like a lamb, but Milton MA home sales in 2015 have come roaring in like a lion!  According to the January 2015 Milton MA Home Sales Report, there was a boom in sales as well as a significant increase in prices.  Milton MA homes continue to be a hot commodity!

Total Homes Sold in Milton MA in January - 2011 to 2015

The MLS Property Information Network reported that there were a total of 20 Milton MA homes sold between January 1st and January 31st, 2015.  That is a 53.8% increase from the same time last year.  One thrifty Buyer was able to snag a 3 bed/1.5 bath, 1687 square foot Colonial on a corner lot for $372,000.  Another Buyer currently owns a 5 bed/6.5 bath, 7551 square foot Contemporary Cape-style home that they purchased for $2,908,888.

Average Sale Price of a Milton MA Home Sold in January - 2011 to 2015

Prices continue to increase as well.  The average sale price for a Milton MA home increased 13.3% from the same time last year ($627,731 in 2014 to $711,510 in 2015).  That makes three consecutive months of year-over-year increases.  Six of these homes were sold at or above asking price.  The average list price to sale price ratio increased from 97% last year to 99% last month.  The days a home spent on the market before it received an offer averaged out to 80, which was a significant increase from the 21 day average in January 2014.

What does this all mean for a Milton MA Buyer?  If you want to buy a home in Milton, you are going to pay more.  This continues to be a popular area for home buyers.  Its location near Boston makes it ideal for commuters.  Interest rates continue to hover just below the 4% mark for 30 year fixed rate mortgages.  Experts are saying that this could begin to go up soon.  Contact your Milton MA Buyer Broker today to start looking for your next home now.

Learn more about Milton MA in the Milton Real Estate & Community Guide.

*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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Comments (1)

David Saks
Memphis, TN
Broker / Industry Analyst

Great info and very nice post. Have a terrific day ahead and thanks for sharing your content.

Feb 12, 2015 01:49 AM