April 2015 real estate market report for Sharon MA
There were 35 single family homes for sale at the end of April; the largest inventory available so far in 2015. Eleven single family homes came on the market during April, while 10 homes were sold. This is just slightly ahead of the numbers for April 2014 with 32 active at the end of the month and 9 homes sold.
The average sale price of single family homes sold in April 2015 was $493,400. There were six, 3-bedroom homes which ranged in size from 1,152 to 1,545 sq. ft., and sold between $275,000 and $439,000, with an average sale price of $360,250.
Four, 4-bedroom homes sold for an average sale price of $693,125 which included the sale of a 4-bedroom, 3 1/2 bath, new construction home of 3,687 sq. ft. This house sold for $930,000...interestingly at only 95% of list price. In most price categories, the Sale Price to List Price ratio (SP:LP) was between 99% to 100%...a reflection of the strong Seller's Market in Sharon MA. Here's a look at the details for the April 2015 Real Estate Market Report for Sharon MA:
NOTE: The square footage is listed for each property as recorded in the Public Record.
If you are thinking about selling your home in Sharon MA, this is an excellent time to get your house listed. The low inventory in Sharon is keeping prices high, while the job market, overall economy and interest rates are encouraging more buyers to search for a home.
Some sellers are still mistaking a Sellers' Market as a time to price their homes too high! It's important that sellers understand exactly what the market value is for their home. If a homeowner cannot, or does not choose to, list their home within the market value range, their house will "age" as it sits on the market unsold. This is never a good position for a seller! A better decision is to remove the home from the market until such time as the homeowner is comfortable with the market value.
If you are a homeowner and have questions about this, or if you are ready to get your home sold, please give me a call at 781-883-3764. I can help you understand the market value of your home and discuss how I will market it to get it sold!
The April 2015 Real Estate Market Report for Sharon MA
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